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 Report -April 2018 does just that.
We recently updated this critical data set for Tahoe’s communities – thanks to a new grant from the Morgan Family Foundation and support from the Tahoe Regional Planning Agency. 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 21 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 15 million visitors a year.
The current updated Measuring for Prosperity Report is available now – simply click here: Measuring for Prosperity Report -April 2018