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 | Churchill County | Nevada Avg | US Average |
|---|---|---|---|
| Median Household Income | $73,608 | $75,608 | $78,145 |
| Median Personal Income | $56,342 | $55,569 | $61,726 |
| Average income growth | 7.2% | 5.1% | 5.1% |
| Six-Figure Earners | 11.2% | 11.0% | 13.2% |
The median household income in Churchill County is about 3% lower than in Nevada. Income has been growing faster in Churchill County (7.2%/yr) than in Nevada (5.1%/yr).
About 11% of adults in Churchill County earn six figures ($100,000 or more) a year, about the same as the Nevada average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Churchill County, Nevada grew by 39.7% from 2009 to 2023, reaching $73,608 in 2023. That's an average of about 7.2% per year.
Economic Inequality in Churchill County | Gender Pay Gap | Gini Coefficient
| Metric | Churchill County | Nevada Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.549 | 0.552 | 0.570 |
| Male Median Income | $64,324 | $60,195 | $67,746 |
| Female Median Income | $45,649 | $50,957 | $54,793 |
| Gender Pay Gap | 29.0% | 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 Churchill County, it is 0.549, about the same as Nevada's 0.552, so income here is about as evenly distributed as there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 41% more than women's income in Churchill County, Nevada. Over a 35-year career, a 41% wage gap accumulates to roughly $653,625 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Churchill County, Nevada has narrowed from about 34% to 29% in 2023. In dollar terms, the gap has widened by $1,896 since 2009.
Employment
| Metric | Churchill County | Nevada Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.9% | 6.8% | 5.2% |
| Working from Home | 5.1% | 10.5% | 13.4% |
| Commute time (minutes) | 16 | 22 | 22 |
Approximately 753 people are unemployed in Churchill County, Nevada.
The average commute time in Churchill County is 16 minutes, shorter than the 22 minutes in Nevada.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Churchill County, Nevada has fallen from 9.1% to 5.9% in 2023.
Conclusion
Considering all these factors, Churchill County, 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 Churchill County, Nevada.
How Rich Is Churchill County, Nevada?
Churchill County 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 $73,608, about 3% lower than the Nevada average of $75,608.
What is the current median household income in Churchill County, Nevada?
As of 2023, the median household income in Churchill County, Nevada is $73,608.
What was the median household income in Churchill County in 2023?
In 2023, the median household income in Churchill County, Nevada was $73,608.
What was the median household income in Churchill County in 2020?
In 2020, the median household income in Churchill County, Nevada was $57,250.
What is the Gini coefficient in Churchill County, Nevada?
The Gini coefficient in Churchill County is 0.549. 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 Churchill County, Nevada?
Since 2009, the income gap between men and women in Churchill County, Nevada has narrowed from about 34% to 29% in 2023. In dollar terms, the gap has widened by $1,896 since 2009.