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You are here: Home / Around the State Weekly / Nevada Ranks 22nd in Percentage of High-Income Households

Nevada Ranks 22nd in Percentage of High-Income Households

June 8, 2013 By Ben Rowley Leave a Comment

Nevada’s share of high-income households ranks 22nd nationally.

This is according to the May edition of the “High Net Worth Report” from The Private Bank by Nevada State Bank.  The report found that Nevada’s share of households reporting incomes in excess of $200,000 annually (3.61 percent) was significantly lower than the national average (4.49 percent).  However, Nevada “remains ahead of neighboring states like Arizona and Utah,” said Russell Price, executive vice president of The Private Bank.

Price explained that larger states such as California (#7) and New York (#8) tend to push up the nationwide average.

“When it comes to preserving wealth, Nevada maintains significant competitive advantages,” Price said. “This has helped us attract and retain an increasing number of high-income and high net worth households.”

CLICK HERE TO READ THE ENTIRE ANNOUNCEMENT

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Filed Under: Around the State Weekly Tagged With: Las Vegas business, Nevada business, Reno business, Russel Price, The Private Bank by Nevada State Bank

About Ben Rowley

Ben Rowley is the web editor of Nevada Business Magazine and owner of Nevada Central Media, LLC. Ben takes an integrated media approach to getting content right and read.
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