This section shows the Genoa CDP Nevada economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Genoa CDP indicates it has a Median earnings of $90,408 which is the second most of all the places in the metropolitan area. The place with the highest median earnings per worker in the area is Skyland CDP which depicts a median earnings of $136,818 (51.3% larger). Comparing median earnings per worker to the United States average of $53,269, Genoa CDP is 69.7% larger. Also, compared with the state of Nevada, median earnings per worker of $47,225, Genoa CDP is about twice as large.
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 $111,167 which is the second most of all the places in the local area. The place with the highest median household income in the area is Round Hill Village CDP which depicts a median income of $128,750 (15.8% larger). Comparing median household income to the United States average of $69,021, Genoa CDP is 61.1% larger. Also, compared with the state of Nevada, median household income of $65,686, Genoa CDP is 69.2% larger.
The next section examines a variety of different income statistics for the Genoa CDP metropolitan area. In Figure 3 we see that it has the percentage of earnings between $15,000 and $19,999 the second smallest when sorted by median earnings of less than $10,000 of all the other places in the metropolitan area at 2.8% of the total. Second, it has the largest proportion of earnings between $50,000 and $74,999 at 23.6% of the total and is ranked #1. Third, it has one of the largest proportions of earnings between $75,000 and $99,999 at 34.6% of the total and is ranked #2. The only larger place being Skyland CDP with 37.5%. 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 $45.28 which is at the top of all other places in the area. Comparing average hourly earnings to the United States average of $26.40, Genoa CDP is 71.5% larger. Also, benchmarked against the state of Nevada, average hourly earnings of $23.35, Genoa CDP is about twice as large.
Figure 5 examines the number of self employed people in the Genoa CDP metro area based on the number of people who reported any self employment income. Genoa CDP depicts it has a Self Employed of 14.4% which is the second most of all the places in the metro area. The place with the highest percentage of people self employed in the area is Kingsbury CDP which depicts a percentage self employed of 18.4% (28.1% larger).
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 34.2% which is in the mid range of other places in the local area. The place with the highest households with retirement income in the area is Logan Creek CDP which depicts a households with retirement income of 70.3% (about twice as large).
The percentage of full-time workers are compared to the number of part-time workers in Figure 8. Genoa CDP shows full time employees approximately 2.8 times bigger as the part time employees.
Figure 10 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Genoa CDP shows it has the hightest cost of 347.9 for the cost of housing group.
Genoa CDP Nevada Poverty Charts
In Figure 11 the percentage of people earning less than the poverty level is shown and compared across the group of places. Genoa CDP depicts it has a Percent of Population In Poverty of 2.2% which is less than most other places in the local area. The place with the highest percent of people earning less than the poverty level in the area is Round Hill Village CDP which shows a percent of people in poverty of 12.0% ( considerably bigger).
Genoa CDP Nevada Labor Force Charts
The table in Figure 13, shows Genoa CDP 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 COVID-19 Pandemic it went from 6.2% to 3.4% in December 2019. This represents a decrease in the monthly unemployment rate of 45.2%. Since that time, the monthly unemployment rate has gone to 3.4%. This represents an increase in the monthly unemployment rate of very little.
Genoa CDP Nevada 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.
Genoa CDP Nevada 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 Genoa CDP 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.) Genoa CDP has the largest proportion of people who take public transportation to work at 7% of the total and is ranked #1. Figure 18 shows a more detailed view of how the population commutes to work for (for example to downtown Genoa CDP or elsewhere.) Genoa CDP has the largest proportion of people who bike at 7% of the total and is ranked #1. Second, it has the largest proportion of people who took a taxicab, motorcycle or other at 16% of the total and is ranked #1.
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. Genoa CDP depicts it has a Avg Commute Time of 12 which is in the center range of other places 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.