This section shows the Elko County Nevada economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Elko County depicts it has a Median earnings of $61,868 which is the second most of all the counties in the metro area. The county with the highest median earnings per worker in the area is Eureka County which depicts a median earnings of $68,683 (11.0% larger). Comparing median earnings per worker to the United States average of $53,269, Elko County is 16.1% larger. Also, measured against the state of Nevada, median earnings per worker of $47,225, Elko County is 31.0% larger.
In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a Median household income of $82,462 which is the highest of all counties in the greater Elko County region. Comparing median household income to the United States average of $69,021, Elko County is 19.5% larger. Also, compared with the state of Nevada, median household income of $65,686, Elko County is 25.5% larger.
The next section examines a variety of different income statistics for the Elko County metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings between $75,000 and $99,999 at 14.9% of the total and is ranked #1. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 4 shows that it has a Avg Hrly Earnings of $29.16 which is the second most of all the counties in the metropolitan area. The county with the highest average hourly earnings in the area is Eureka County which shows an average hourly earnings of $33.95 (16.4% larger). Comparing average hourly earnings to the United States average of $26.40, Elko County is 10.4% larger. Also, compared with the state of Nevada, average hourly earnings of $23.35, Elko County is 24.9% larger.
Figure 5 examines the number of self employed people in the Elko County metro area based on the number of people who reported any self employment income. Elko County shows it has a Self Employed of 8.9% which is the second smallest in terms of percentage of people self employed of all the other counties in the local area. The county with the highest percentage of people self employed in the area is Cassia County which shows a percentage self employed of 17.2% (about twice as large).
Figure 6 breaks down the source of income and Elko County has the smallest proportion of self employment income at 9.6% of the total. Second, it has the smallest proportion of investment and retirement income at 5.1% of the total.
The next chart (Figure 7) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 16.9% which is the smallest when ranked by households with retirement income of all the other counties in the greater region. The county with the highest households with retirement income in the area is Eureka County which depicts a households with retirement income of 29.9% (76.6% larger).
The percentage of full-time workers are compared to the number of part-time workers in Figure 8. Elko County depicts full time employees approximately 4.2 times bigger as the part time employees.
Similar to the last chart is Figure 9 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. Elko County depicts it has the hightest entrepreneurs of 30% for the self employed in professional, scientific, management, administrative services category.
Figure 10 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Elko County shows it has the hightest cost of 99.2 for the cost of transportation grouping.
Elko County Poverty Charts
In Figure 11 the percentage of people earning less than the poverty level is shown and compared across the group of places. Elko County depicts it has a Percent of Population In Poverty of 11.6% which is less than most other counties in the surrounding region. The county with the highest percent of people earning less than the poverty level in the area is Eureka County which depicts a percent of people in poverty of 18.3% (58.7% larger).
Additionally, Figure 12 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) Elko County shows it has a Public Assistance Percent of 8.9% which is less than most other counties in the metropolitan area. The county with the highest households with public assistance in the area is Owyhee County which depicts a households with public assistance of 13.3% (50.3% larger).
Elko County Labor Force Charts
The table in Figure 13, shows Elko County employment data in terms of job categories and salary data.
The next two charts look at monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2022, the Covid 19 recession occurred and affects this metric. The monthly unemployment rate depicts that from February 2017 to before the Coronavirus Pandemic it went from 4.3% to 2.6% in December 2019. This represents a decrease in the monthly unemployment rate of 39.5%. Since that time, the monthly unemployment rate has gone to 2.6%. This represents an increase in the monthly unemployment rate of very little.
Elko County Jobs Charts
In the jobs section of economic activity charts in Figure 15 shows the average annual earnings for very high level job industry categories for full time and year round employed.
Figure 16 shows the average median earnings for different categories of jobs.
Elko County Work Commute Charts
The following set of charts detail a variety of metrics that have economic impact, economic grow factors and economic development metrics in the Elko County community and has an impact on other factors such as economic growth, population growth, economic recovery, job growth, etc.. Figure 17 shows a high level view of how the population commutes to work (including the percent of people who work from home.) Elko County has the largest proportion of people who drive a car or motorcycle to work at 11% of the total and is ranked #1. Second, it has the smallest proportion of people who bicycle or walk to work at 4% of the total. Figure 18 shows a more detailed view of how the population commutes to work for (for example to downtown Elko County or elsewhere.) Elko County has the largest proportion of people who take the bus at 11% of the total and is ranked #1. Second, it has the largest proportion of people who took a taxicab, motorcycle or other at 1% of the total and is ranked #1. Third, it has the smallest proportion of people who work from home at 4% of the total.
Figure 19 is provided for comparison purposes to the previous chart. It shows how people get to work overall on average in the United States.
The average commute time is shown in Figure 21. Elko County depicts it has a Avg Commute Time of 31 which is more than all other counties in the greater region.
Cities marked with an asterisk ("*") should resemble a city or town but do not have their own government (i.e. Mayor, City Council, etc.) These places should be recognizable by the local community but their boundaries have no legal status. Technically these include both Census Designated Places (CDP) and Census County Divisions (CCD) which are defined by the Census Bureau along with local authorities. (For more information, see:
Census Designated Place or "CDP")
and Census County Division "CCD".)
For comparison purposes, the US national average and the state average value are provided. Additionally, the "Combined Statistical Area" or CSA is shown that is closest to the city, county, or zip code shown. A CSA is a large grouping of adjacent metropolitan areas that identified by the Census Bureau based on social and economic ties. (See: Combined Statistical Area)
Data sources - Mouse over icon in upper right corner of each chart for information.