In order to ensure prosperity in Lake Tahoe, we must first understand where we are and where we are heading. Our report, Measuring for Prosperity does just that.
We are currently updating this critical data set for Tahoe’s communities – thanks to a new grant from the Morgan Family Foundation. A preview of the new data:
- Per capita incomes in the Tahoe region increased 2.7 percent between 2013 and 2015, reversing an earlier downward trend between 2010 and 2013 and despite the downward trend in winter employment during that same period.
- A balanced housing market would mean that 50 percent of households could afford to buy a median priced home. Unfortunately, in the Tahoe Basin, only 20 percent of households can afford the median priced home.
- Retail sales have been increasing since 2011-12, fueled by increasing numbers of visitors but also enhanced by completion of several new retail centers as part of recent redevelopment areas.
- After more than a decade of decline, population in the Tahoe Basin has stabilized at about 54,000 people since 2011. The population posted slight increases in 2014 and 2015.
- Visitor population on weekends is estimated to be more than 250,000. Recent data also suggests that the Tahoe Basin has upwards of 20 million visitors a year.
The 2017 updated Report will be complete in October 2017. But you can download the 2015 version of the report which still has some great information on demographics and our economy: Measuring for Prosperity – Complete Report