Faced with poor economic conditions and a failing real estate market, many Las Vegas residents are packing
up their moving boxes
and heading out of Sin City, according to the Las Vegas Sun
While Nevada was the fastest growing state in the country a few years ago, the paper says that trend has reversed. Looking at truck rental
figures from U-Haul, officials said that those moving into Las Vegas are outnumbered by those moving away by a 2 percent margin.
"People are moving out more than usual," Sherry Clark, a sales representative for Allstate Moving - one of many Las Vegas moving companies
, told the paper.
Statistics from the Census Bureau come to the same conclusion. According to the paper, from July 2008 to July 2009, Clark County lost more than 1,000 residents after gaining 14,000 the previous year.
A combination of declining economic conditions in the state are likely the reason many people are moving away. A measure of statewide economic distress by StateHealthFacts.org
- which accounted for foreclosure, unemployment and the use of food stamps - found that Nevada had the highest levels of overall distress in the country.