Nevada, TX

Full City Profile · Texas · Collin County County

4.7 /5.0
A+ Excellent
1,292 Population 541/sq mi density
$133,750 Median Income $43,456 per capita
$397,700 Home Value $400,604 Zillow
$1,696 Median Rent 18.4% income on rent
64°F Avg Temperature
A+
Overall
4.7 / 5.0
Strong
A+
Economy
5.0 / 5.0
$133,750 median income, 2.3% unemployment
A+
Affordability
5.0 / 5.0
$397,700 home value, $1,696/mo rent
B+
Education
4.0 / 5.0
37.2% bachelor's degree or higher

Nevada, TX

At a Glance

Median Income
$133,750
78% above
$43,456 per capita
Home Value
$397,700
41% above
Zillow: $400,604
Median Rent
$1,696/mo
46% above
18.4% of income on rent
Bachelor's Degree+
37.2%
10% above
94.1% high school+
Unemployment
2.3%
36% below
4.9% poverty rate
Obesity Rate
35.1%
9% above
12.5% smoking rate
Avg Temperature
64°F

How Nevada Compares to the U.S. Average

Each bar shows Nevada's value as a percentage of the national average (100% = U.S. avg)

Income
178%
Home Value
141%
Rent
146%
Poverty
40%
Bachelor's
110%
Unemployment
64%
Thin vertical line = U.S. national average (100%)

Is Nevada a Good Place to Live?

A+
4.7 / 5.0 - Excellent
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Nevada residents earn a median household income of $133,750 , which is 78% above the national average of $75,149. Per capita income is $43,456. The unemployment rate stands at 2.3% (36% below the U.S. rate of 3.6%). 4.9% of residents live below the poverty line. The area is home to 34,830 business establishments, including 2,668 restaurants.

Housing & Cost of Living

The median home value in Nevada is $397,700 , 41% above the national median of $281,900. Zillow estimates the typical home at $400,604. Median rent is $1,696/month, with 18.4% of renters spending more than 30% of income on housing. The cost of living index is 97.1 (100 = national average). The median home was built in 2006.

Education

37.2% of adults in Nevada hold a bachelor's degree or higher (10% above the national average). 94.1% have completed high school. Local schools score 6.9/10 in standardized testing.

Climate & Weather

Nevada has an average annual temperature of 64°F (18°C). Winters average 44°F in January while summers reach 83°F in July. Annual precipitation totals 39.8 inches. Air quality is rated Good with a median AQI of 40.

Data Overview

People

Population1,292
Median Age40.7 yrs
Density541/mi²
Male / Female51% / 49%
Foreign Born6.7%
Veterans11.4%

Economy

A+
Median Income$133,750
Per Capita$43,456
Unemployment2.3%
Poverty4.9%
County GDP$115,358M
Avg Weekly Wage$1,694

Housing

A+
Home Value$397,700
Rent$1,696
Ownership96.0%
Zillow$400,604
Housing Units448
Rent Burden18.4%

Health

Obesity35.1%
Diabetes8.8%
Smoking12.5%
Heart Disease5.0%
Premature Death4,576/100K

Climate

Avg Temp64°F
Rain39.8 in/yr
AQI40 (Good)
Elevation606 ft

Education

B+
Bachelor's+37.2%
High School+94.1%
Graduate+9.5%
School Score6.9/10

Community

2024 VoteR 54% / D 43%
Commute38 min
Broadband92.0%
Internet Speed136 Mbps
EV Stations7
Libraries16

Did You Know?

Nevada was founded in 1889.
The median home in Nevada was built in 2006.
22.7% work from home.
The nearest airport is Dallas Love Field (31 miles).
The Gini coefficient (income inequality) is 0.433 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively High" by FEMA.
10.4% of the population has a disability.
Average internet download speed is 136 Mbps.
There are 2,668 restaurants in the area.
The county recorded 72 fatal vehicle crashes.
91 declared natural disasters on record.