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 | Clark County | Nevada Avg | US Average |
|---|---|---|---|
| Median Household Income | $73,852 | $75,608 | $78,145 |
| Median Personal Income | $54,122 | $55,569 | $61,726 |
| Average income growth | 4.8% | 5.1% | 5.1% |
| Six-Figure Earners | 10.5% | 11.0% | 13.2% |
The median household income in Clark County is about 2% lower than in Nevada. Income has been growing slower in Clark County (4.8%/yr) than in Nevada (5.1%/yr).
About 10% of adults in Clark County 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 Clark County, Nevada grew by 31.2% from 2009 to 2023, reaching $73,852 in 2023. That's an average of about 4.8% per year.
Economic Inequality in Clark County | Gender Pay Gap | Gini Coefficient
| Metric | Clark County | Nevada Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.557 | 0.552 | 0.570 |
| Male Median Income | $58,026 | $60,195 | $67,746 |
| Female Median Income | $50,421 | $50,957 | $54,793 |
| Gender Pay Gap | 13.1% | 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 Clark County, it is 0.557, 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 15% more than women's income in Clark County, Nevada. Over a 35-year career, a 15% wage gap accumulates to roughly $266,175 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Clark County, Nevada has narrowed from about 19% to 13% in 2023. In dollar terms, the gap has narrowed by $790 since 2009.
Employment
| Metric | Clark County | Nevada Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.4% | 6.8% | 5.2% |
| Working from Home | 10.7% | 10.5% | 13.4% |
| Commute time (minutes) | 23 | 22 | 22 |
Approximately 85,961 people are unemployed in Clark County, Nevada.
The average commute time in Clark County is 23 minutes, longer than the 22 minutes in Nevada.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Clark County, Nevada has fallen from 10.4% to 7.4% in 2023.
Conclusion
Considering all these factors, Clark 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 Clark County, Nevada.
How Rich Is Clark County, Nevada?
Clark 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 $73,852, about 2% lower than the Nevada average of $75,608.
What is the current median household income in Clark County, Nevada?
As of 2023, the median household income in Clark County, Nevada is $73,852.
What was the median household income in Clark County in 2023?
In 2023, the median household income in Clark County, Nevada was $73,852.
What was the median household income in Clark County in 2020?
In 2020, the median household income in Clark County, Nevada was $61,243.
What is the Gini coefficient in Clark County, Nevada?
The Gini coefficient in Clark County is 0.557. 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 Clark County, Nevada?
Since 2009, the income gap between men and women in Clark County, Nevada has narrowed from about 19% to 13% in 2023. In dollar terms, the gap has narrowed by $790 since 2009.