This section shows the Storey 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, Storey County depicts it has a Median earnings of $63,201 which is the most of all counties in the greater Storey County region. Comparing median earnings per worker to the United States average of $53,269, Storey County is 18.6% larger. Also, in comparison with the state of Nevada, median earnings per worker of $47,225, Storey County is 33.8% 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 $66,713 which is in the center range of other counties in the greater region. The county with the highest median household income in the area is Alpine County which shows a median income of $96,000 (43.9% larger). Comparing median household income to the United States average of $69,021, Storey County is only about 3.5% smaller. Also, measured against the state of Nevada, median household income of $65,686, Storey County is only slightly larger.
The next section examines a variety of different income statistics for the Storey County metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings less than $10,000 at 3.6% of the total. Second, it has the largest proportion of earnings between $10,000 and $14,999 at 10.5% of the total and is ranked #1. Third, it has the smallest proportion of earnings between $50,000 and $74,999 at 6.0% of the total. 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 $33.12 which is the largest of all counties in the greater Storey County region. Comparing average hourly earnings to the United States average of $26.40, Storey County is 25.4% larger. Also, measured against the state of Nevada, average hourly earnings of $23.35, Storey County is 41.9% larger.
Figure 5 examines the number of self employed people in the Storey County metro area based on the number of people who reported any self employment income. Storey County depicts it has a Self Employed of 13.1% which is the third most of all other counties in the metro area. The county with the highest percentage of people self employed in the area is Nevada County which shows a percentage self employed of 20.6% (57.1% larger).
Figure 6 breaks down the source of income and Storey County has the smallest proportion of income from wages at 2.2% of the total. Second, it has the largest proportion of investment and retirement income at 14.0% of the total and is ranked #1.
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 40.6% which is the second most households with retirement income of all the counties in the greater Storey County region. The county with the highest households with retirement income in the area is Alpine County which shows a households with retirement income of 41.2% ( only slightly larger).
The percentage of full-time workers are compared to the number of part-time workers in Figure 8. Storey County shows full time employees approximately 2.4 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. Storey County shows it has the hightest entrepreneurs of 63% for the self employed in arts, entertainment, recreation, accommodation and food services aggregate.
Figure 10 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Storey County depicts it has the hightest cost of 107.3 for the cost of transportation group.
Storey 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. Storey County depicts it has a Percent of Population In Poverty of 12.0% which is the second most percent of people earning less than the poverty level of all the counties in the greater Storey County region. The county with the highest percent of people earning less than the poverty level in the area is Alpine County which shows a percent of people in poverty of 12.9% (7.6% 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.) Storey County depicts it has a Public Assistance Percent of 13.5% which is more than all other counties in the greater Storey County region.
Storey County Labor Force Charts
The table in Figure 13, shows Storey 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 shows that from February 2017 to before the COVID-19 Pandemic it went from 6.2% to 3.5% in December 2019. This represents a decrease in the monthly unemployment rate of 43.5%. Since that time, the monthly unemployment rate has gone to 3.5%. This represents an increase in the monthly unemployment rate of very little.
Storey 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.
Storey 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 Storey 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.) Storey County has the largest proportion of people who drive a car or motorcycle to work at 2% of the total and is ranked #1. Second, it 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 Storey County or elsewhere.) Storey County has the largest proportion of people who take the bus at 2% of the total and is ranked #1. Second, it has the largest proportion of people who walked at 7% 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. Storey County depicts it has a Avg Commute Time of 28 which is the third most average commute time of all other counties in the greater Storey County 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.