Wealth Index
Among the 3 least wealthy 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 | Lincoln County | Nevada Avg | US Average |
|---|---|---|---|
| Median Household Income | $71,026 | $75,608 | $78,145 |
| Median Personal Income | $70,937 | $55,569 | $61,726 |
| Average income growth | 5.5% | 5.1% | 5.1% |
| Six-Figure Earners | 9.2% | 11.0% | 13.2% |
The median household income in Lincoln County is about 6% lower than in Nevada. Income has been growing faster in Lincoln County (5.5%/yr) than in Nevada (5.1%/yr).
About 9% of adults in Lincoln 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 Lincoln County, Nevada grew by 62.9% from 2009 to 2023, reaching $71,026 in 2023. That's an average of about 5.5% per year.
Economic Inequality in Lincoln County | Gender Pay Gap | Gini Coefficient
| Metric | Lincoln County | Nevada Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.579 | 0.552 | 0.570 |
| Male Median Income | $78,595 | $60,195 | $67,746 |
| Female Median Income | $62,343 | $50,957 | $54,793 |
| Gender Pay Gap | 20.7% | 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 Lincoln County, it is 0.579, higher than Nevada's 0.552, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 26% more than women's income in Lincoln County, Nevada. Over a 35-year career, a 26% wage gap accumulates to roughly $568,820 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lincoln County, Nevada has narrowed from about 47% to 21% in 2023. In dollar terms, the gap has narrowed by $6,392 since 2009.
Employment
| Metric | Lincoln County | Nevada Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.7% | 6.8% | 5.2% |
| Working from Home | 12.5% | 10.5% | 13.4% |
| Commute time (minutes) | 10 | 22 | 22 |
Approximately 31 people are unemployed in Lincoln County, Nevada.
The average commute time in Lincoln County is 10 minutes, shorter than the 22 minutes in Nevada.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lincoln County, Nevada has fallen from 8.6% to 1.7% in 2023.
Conclusion
Considering all these factors, Lincoln County, Nevada has an overall wealth index grade of D, making it somewhat worse than Nevada, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Lincoln County, Nevada.
How Rich Is Lincoln County, Nevada?
Lincoln County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $71,026, about 6% lower than the Nevada average of $75,608.
What is the current median household income in Lincoln County, Nevada?
As of 2023, the median household income in Lincoln County, Nevada is $71,026.
What was the median household income in Lincoln County in 2023?
In 2023, the median household income in Lincoln County, Nevada was $71,026.
What was the median household income in Lincoln County in 2020?
In 2020, the median household income in Lincoln County, Nevada was $56,754.
What is the Gini coefficient in Lincoln County, Nevada?
The Gini coefficient in Lincoln County is 0.579. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Lincoln County, Nevada?
Since 2009, the income gap between men and women in Lincoln County, Nevada has narrowed from about 47% to 21% in 2023. In dollar terms, the gap has narrowed by $6,392 since 2009.