Wealth Index
Among the top 3 wealthiest counties in Nevada
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 | Humboldt County | Nevada Avg | US Average |
|---|---|---|---|
| Median Household Income | $78,383 | $75,608 | $78,145 |
| Median Personal Income | $72,370 | $55,569 | $61,726 |
| Average income growth | 2.8% | 5.1% | 5.1% |
| Six-Figure Earners | 13.9% | 11.0% | 13.2% |
The median household income in Humboldt County is about 4% higher than in Nevada. Income has been growing slower in Humboldt County (2.8%/yr) than in Nevada (5.1%/yr).
About 14% of adults in Humboldt County earn six figures ($100,000 or more) a year, higher than the Nevada average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Humboldt County, Nevada grew by 41.8% from 2009 to 2023, reaching $78,383 in 2023. That's an average of about 2.8% per year.
Economic Inequality in Humboldt County | Gender Pay Gap | Gini Coefficient
| Metric | Humboldt County | Nevada Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.573 | 0.552 | 0.570 |
| Male Median Income | $83,416 | $60,195 | $67,746 |
| Female Median Income | $49,526 | $50,957 | $54,793 |
| Gender Pay Gap | 40.6% | 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 Humboldt County, it is 0.573, higher than Nevada's 0.552, so income is less evenly distributed here than there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 68% more than women's income in Humboldt County, Nevada. Over a 35-year career, a 68% wage gap accumulates to roughly $1,186,150 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Humboldt County, Nevada has widened from about 40% to 41% in 2023. In dollar terms, the gap has widened by $12,154 since 2009.
Employment
| Metric | Humboldt County | Nevada Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 6.8% | 5.2% |
| Working from Home | 6.9% | 10.5% | 13.4% |
| Commute time (minutes) | 17 | 22 | 22 |
Approximately 456 people are unemployed in Humboldt County, Nevada.
The average commute time in Humboldt County is 17 minutes, shorter than the 22 minutes in Nevada.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Humboldt County, Nevada has fallen from 10.2% to 5.4% in 2023.
Conclusion
Considering all these factors, Humboldt County, Nevada has an overall wealth index grade of B, making it somewhat better than Nevada, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Humboldt County, Nevada.
How Rich Is Humboldt County, Nevada?
Humboldt County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $78,383, about 4% higher than the Nevada average of $75,608.
What is the current median household income in Humboldt County, Nevada?
As of 2023, the median household income in Humboldt County, Nevada is $78,383.
What was the median household income in Humboldt County in 2023?
In 2023, the median household income in Humboldt County, Nevada was $78,383.
What was the median household income in Humboldt County in 2020?
In 2020, the median household income in Humboldt County, Nevada was $64,914.
What is the Gini coefficient in Humboldt County, Nevada?
The Gini coefficient in Humboldt County is 0.573. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Humboldt County, Nevada?
Since 2009, the income gap between men and women in Humboldt County, Nevada has widened from about 40% to 41% in 2023. In dollar terms, the gap has widened by $12,154 since 2009.