Wealth Index
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Carson City | Nevada Avg | US Average |
|---|---|---|---|
| Median Household Income | $70,819 | $75,608 | $78,145 |
| Median Personal Income | $52,833 | $55,569 | $61,726 |
| Average income growth | 5.7% | 5.1% | 5.1% |
| Six-Figure Earners | 8.4% | 11.0% | 13.2% |
The median household income in Carson City is about 6% lower than in Nevada. Income has been growing faster in Carson City (5.7%/yr) than in Nevada (5.1%/yr).
About 8% of adults in Carson City earn six figures ($100,000 or more) a year, lower than the Nevada average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Carson City, Nevada grew by 36.8% from 2009 to 2023, reaching $70,819 in 2023. That's an average of about 5.7% per year.
Economic Inequality in Carson City | Gender Pay Gap | Gini Coefficient
| Metric | Carson City | Nevada Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.517 | 0.552 | 0.570 |
| Male Median Income | $54,943 | $60,195 | $67,746 |
| Female Median Income | $50,025 | $50,957 | $54,793 |
| Gender Pay Gap | 8.9% | 15.3% | 19.1% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Carson City, it is 0.517, lower than Nevada's 0.552, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 10% more than women's income in Carson City, Nevada. Over a 35-year career, a 10% wage gap accumulates to roughly $172,130 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Carson City, Nevada has narrowed from about 23% to 9% in 2023. In dollar terms, the gap has narrowed by $5,965 since 2009.
Employment
| Metric | Carson City | Nevada Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.1% | 6.8% | 5.2% |
| Working from Home | 8.5% | 10.5% | 13.4% |
| Commute time (minutes) | 16 | 22 | 22 |
Approximately 1,176 people are unemployed in Carson City, Nevada.
The average commute time in Carson City is 16 minutes, shorter than the 22 minutes in Nevada.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Carson City, Nevada has fallen from 15.6% to 4.1% in 2023.
Conclusion
Considering all these factors, Carson City, Nevada has an overall wealth index grade of C, making it about on par with Nevada, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Carson City, Nevada.
How Rich Is Carson City, Nevada?
Carson City has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $70,819, about 6% lower than the Nevada average of $75,608.
What is the current median household income in Carson City, Nevada?
As of 2023, the median household income in Carson City, Nevada is $70,819.
What was the median household income in Carson City in 2023?
In 2023, the median household income in Carson City, Nevada was $70,819.
What was the median household income in Carson City in 2020?
In 2020, the median household income in Carson City, Nevada was $57,943.
What is the Gini coefficient in Carson City, Nevada?
The Gini coefficient in Carson City is 0.517. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Carson City, Nevada?
Since 2009, the income gap between men and women in Carson City, Nevada has narrowed from about 23% to 9% in 2023. In dollar terms, the gap has narrowed by $5,965 since 2009.