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On a global level, Nevada is known for being the home of Las Vegas, but there is a lot more to the Silver State than just “Sin City.”
Known as the “Silver State” for its large deposits of minerals, especially silver, Nevada is the fourth-largest producer of gold in the entire world. To this day, mining continues to be a thriving sector of the Nevada economy.
While Nevada is the seventh largest state in the U.S. by area, it is also the ninth least densely populated. The result: A lot of open land. All of this land has made cattle-ranching another bustling industry in the state of Nevada.
Of course, we would be amiss if we did not at least mention what Las Vegas means to Nevada’s economy. Legalized gambling, lax marriage and divorce laws, and marquee entertainment events have made Nevada, and specifically Las Vegas, a tourism hotspot. Nevada is home to hundreds of casinos that collectively bring in tens of billions of dollars in gambling revenue each year, in addition to tens of billions of dollars in non-gambling revenue.
To get an idea of what the tourism industry means to Nevada, the state has the most hotel rooms per capita in the U.S.; for every 14 Nevada residents, there is one hotel room.
Due to its incredibly unique economic situation, Nevada is at the center of a study done by LendEDU. We wanted to find out what kind of impact the Silver State’s very specific economy is having on the residents of Nevada.
In order to this, LendEDU has licensed Experian’s Premier Aggregated Credit StatisticsSM dataset to find out the average VantageScore 3.0®1 credit score of each and every town and city in Nevada. Although not the end-all-be-all statistic, the average credit score of a town will give us a good feel for how certain Nevada communities are faring economically.
>> Read More: What is a good credit score?
Below, you will find 50 Nevada towns and cities ranked according to their average credit score. The better the credit score, the higher a community was ranked.
Complete Rankings of Nevada Cities By Credit Score
All of the data that was used in this report was licensed by LendEDU from Onboard Informatics and Experian. Onboard Informatics’ dataset was used for the most recent population figures and to find the location of communities in Nevada. Experian’s Premier Aggregated Credit StatisticsSM dataset was utilized to find the average VantageScore 3.0® credit score for each town and city in Nevada.
An arbitration cutoff was set and used at 1,000. This means that any Nevada community with a population below 1,000 was eliminated from further analysis. Some of the larger cities in Nevada, such as Las Vegas, had multiple ZIPTM2 codes and thus multiple average credit scores. In order to consolidate a large city’s ZIP codes into one statistics, ZIP codes were weighted according to population and then averaged together. A ZIP CodeTM with a greater population was given more weight during the averaging.
Finally, after each city was down to one ZIP Code and one average VantageScore 3.0® credit score, LendEDU ranked the cities appropriately. Experian’s PACSTM dataset visualizes the average VantageScore 3.0® credit score as a stand-alone statistic. Nevada communities with a higher average credit score were ranked higher and vice versa.
See more of LendEDU’s Research
1. VantageScore is a registered trademark of VantageScore Solutions, LLC.
2. Experian is a nonexclusive full-service provider licensee of the United States Postal Service. The following trademarks are owned by the United States Postal Service: ZIP and ZIP Code. The price for Experian’s services is not established, controlled or approved by the United States Postal Service.
Author: Mike Brown