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.”