This section shows the Goldfield 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, Goldfield CDP shows it has a Median earnings of $65,880 which is the second most median earnings of all the places in the greater Goldfield CDP region. The place with the highest median earnings per worker in the area is Mina CDP which depicts a median earnings of $85,500 (29.8% larger). Comparing median earnings per worker to the United States average of $53,269, Goldfield CDP is 23.7% larger. Also, benchmarked against the state of Nevada, median earnings per worker of $47,225, Goldfield CDP is 39.5% 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 $45,000 which is the third most median income of all other places in the greater Goldfield CDP region. The place with the highest median household income in the area is Silver Peak CDP which depicts a median income of $75,250 (67.2% larger). Comparing median household income to the United States average of $69,021, Goldfield CDP is approximately three-fourths the size. Also, compared with the state of Nevada, median household income of $65,686, Goldfield CDP is approximately three-fourths the size.
The next section examines a variety of different income statistics for the Goldfield CDP metropolitan area. In Figure 3 we see that it has the percentage of earnings less than $10,000 the second smallest as measured by median earnings of less than $10,000 of all the other places in the metro area at 2.8% of the total. Second, it has the largest proportion of earnings between $20,000 and $49,999 at 40.8% 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 $30.45 which is the third most of all other places in the metro area. The place with the highest average hourly earnings in the area is Silver Peak CDP which depicts an average hourly earnings of $37.79 (24.1% larger). Comparing average hourly earnings to the United States average of $26.40, Goldfield CDP is 15.3% larger. Also, benchmarked against the state of Nevada, average hourly earnings of $23.35, Goldfield CDP is 30.4% larger.
Figure 5 examines the number of self employed people in the Goldfield CDP metro area based on the number of people who reported any self employment income. Goldfield CDP shows it has a Self Employed of 6.0% which is in the mid range of other places in the metropolitan area. The place with the highest percentage of people self employed in the area is Dyer CDP which shows a percentage self employed of 18.8% (approximately 3.1 times bigger).
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 45.7% which is the second most households with retirement income of all the places in the greater Goldfield CDP region. The place with the highest households with retirement income in the area is Mina CDP which shows a households with retirement income of 47.4% (only about 3.7% larger).
The percentage of full-time workers are compared to the number of part-time workers in Figure 8. Goldfield CDP depicts full time employees substantially 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. Goldfield CDP shows it has the hightest cost of 108.0 for the cost of transportation grouping.
Goldfield 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. Goldfield CDP depicts it has a Percent of Population In Poverty of 8.7% 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 Beatty CDP which depicts a percent of people in poverty of 21.3% (approximately 2.4 times bigger).
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.) Goldfield CDP depicts it has a Public Assistance Percent of 9.5% which is the second most households with public assistance of all the places in the greater Goldfield CDP region. The place with the highest households with public assistance in the area is Tonopah CDP which depicts a households with public assistance of 11.2% (17.8% larger).
Goldfield CDP Nevada Labor Force Charts
The table in Figure 13, shows Goldfield 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 shows that from February 2017 to before the COVID-19 Pandemic it went from 5.6% to 3.5% in December 2019. This represents a decrease in the monthly unemployment rate of 37.5%. Since that time, the monthly unemployment rate has gone to 3.5%. This represents an increase in the monthly unemployment rate of very little.
Goldfield 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.
Goldfield CDP Nevada Work Commute Charts
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. Goldfield CDP depicts it has a Avg Commute Time of 24 which is the second most average commute time of all the places in the greater Goldfield CDP 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.