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 | Lander County | Nevada Avg | US Average |
|---|---|---|---|
| Median Household Income | $81,130 | $75,608 | $78,145 |
| Median Personal Income | $83,320 | $55,569 | $61,726 |
| Average income growth | 0.6% | 5.1% | 5.1% |
| Six-Figure Earners | 18.3% | 11.0% | 13.2% |
The median household income in Lander County is about 7% higher than in Nevada. Income has been growing slower in Lander County (0.6%/yr) than in Nevada (5.1%/yr).
About 18% of adults in Lander 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 Lander County, Nevada grew by 51.3% from 2009 to 2023, reaching $81,130 in 2023. That's an average of about 0.6% per year.
Economic Inequality in Lander County | Gender Pay Gap | Gini Coefficient
| Metric | Lander County | Nevada Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.557 | 0.552 | 0.570 |
| Male Median Income | $94,281 | $60,195 | $67,746 |
| Female Median Income | $63,580 | $50,957 | $54,793 |
| Gender Pay Gap | 32.6% | 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 Lander 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 48% more than women's income in Lander County, Nevada. Over a 35-year career, a 48% wage gap accumulates to roughly $1,074,535 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lander County, Nevada has narrowed from about 52% to 33% in 2023. In dollar terms, the gap has widened by $225 since 2009.
Employment
| Metric | Lander County | Nevada Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 9.2% | 6.8% | 5.2% |
| Working from Home | 0.3% | 10.5% | 13.4% |
| Commute time (minutes) | 12 | 22 | 22 |
Approximately 247 people are unemployed in Lander County, Nevada.
The average commute time in Lander County is 12 minutes, shorter than the 22 minutes in Nevada.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lander County, Nevada has fallen from 10.7% to 9.2% in 2023.
Conclusion
Considering all these factors, Lander 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 Lander County, Nevada.
How Rich Is Lander County, Nevada?
Lander 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 $81,130, about 7% higher than the Nevada average of $75,608.
What is the current median household income in Lander County, Nevada?
As of 2023, the median household income in Lander County, Nevada is $81,130.
What was the median household income in Lander County in 2023?
In 2023, the median household income in Lander County, Nevada was $81,130.
What was the median household income in Lander County in 2020?
In 2020, the median household income in Lander County, Nevada was $72,223.
What is the Gini coefficient in Lander County, Nevada?
The Gini coefficient in Lander 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 Lander County, Nevada?
Since 2009, the income gap between men and women in Lander County, Nevada has narrowed from about 52% to 33% in 2023. In dollar terms, the gap has widened by $225 since 2009.