Virginia City CDP Nevada Income Charts

This section shows the Virginia City 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, Virginia City CDP shows it has a Median earnings of $68,264 which is the third most median earnings of all other places in the greater Virginia City CDP region. The place with the highest median earnings per worker in the area is Silver City CDP which depicts a median earnings of $125,833 (about twice as large). Comparing median earnings per worker to the United States average of $53,269, Virginia City CDP is 28.1% larger. Also, measured against the state of Nevada, median earnings per worker of $47,225, Virginia City CDP is 44.6% 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 $116,368 which is at the top of all other places in the greater Virginia City CDP region. Comparing median household income to the United States average of $69,021, Virginia City CDP is 68.6% larger. Also, in comparison with the state of Nevada, median household income of $65,686, Virginia City CDP is 77.2% larger.

The next section examines a variety of different income statistics for the Virginia City CDP metropolitan area. In Figure 3 we see that it it has the largest proportion of earnings between $10,000 and $14,999 at 19.8% of the total and is ranked #1. Second, it has the smallest proportion of earnings between $15,000 and $19,999 at 20.9% of the total. Third, it has the second smallest in terms of median earnings of less than $10,000 of all the other places in the area in order of earnings between $20,000 and $49,999 at 4.8% 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 $40.77 which is the most of all places in the metro area. Comparing average hourly earnings to the United States average of $26.40, Virginia City CDP is 54.4% larger. Also, in contrast to the state of Nevada, average hourly earnings of $23.35, Virginia City CDP is 74.6% larger.

Figure 5 examines the number of self employed people in the Virginia City CDP metro area based on the number of people who reported any self employment income. Virginia City CDP shows it has a Self Employed of 10.0% which is the third most people self employed of all other places in the greater Virginia City CDP region. The place with the highest percentage of people self employed in the area is Washoe Valley CDP which depicts a percentage self employed of 22.5% (approximately 2.2 times bigger).

Figure 6 breaks down the source of income and Virginia City CDP has the largest proportion of investment and retirement income at 16.8% 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 37.2% which is in the mid point range of other places in the metro area. The place with the highest households with retirement income in the area is Silver City CDP which shows a households with retirement income of 51.3% (37.9% larger).

The percentage of full-time workers are compared to the number of part-time workers in Figure 8. Virginia City CDP depicts full time employees about 12.3% smaller 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. Virginia City CDP depicts it has the hightest entrepreneurs of 100% for the self employed in arts, entertainment, recreation, accommodation and food services grouping.

Figure 10 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Virginia City CDP depicts it has the hightest cost of 141.2 for the cost of housing category.

Virginia City 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. Virginia City CDP shows it has a Percent of Population In Poverty of 11.8% which is more than all other places in the greater Virginia City CDP region. 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.) Virginia City CDP depicts it has a Public Assistance Percent of 9.6% which is the third most households with public assistance of all other places in the greater Virginia City CDP region. The place with the highest households with public assistance in the area is Silver City CDP which shows a households with public assistance of 23.1% (approximately 2.4 times bigger).

Virginia City CDP Nevada Labor Force Charts

The table in Figure 13, shows Virginia City 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 disasterous Covid-19 virus 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.

Virginia City 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.

Virginia City 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 Virginia City 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.) Virginia City CDP has the largest proportion of people who take public transportation to work at 19% of the total and is ranked #1. Second, it has the largest proportion of people who bicycle or walk 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 Virginia City CDP or elsewhere.) Virginia City CDP has the smallest proportion of people who drove alone at 31% of the total. Second, it has one of the largest proportions of people who carpooled at 43% of the total and is ranked #2. The only larger place being Silver City CDP with 52%. Third, it has the largest proportion of people who walked at 19% of the total and is ranked #1. Also, it has the largest proportion of people who work from home 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. Virginia City CDP shows it has a Avg Commute Time of 28 which is the second most of all the places in the local area.