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 | White Pine County | Nevada Avg | US Average |
|---|---|---|---|
| Median Household Income | $70,013 | $75,608 | $78,145 |
| Median Personal Income | $64,921 | $55,569 | $61,726 |
| Average income growth | 2.8% | 5.1% | 5.1% |
| Six-Figure Earners | 6.2% | 11.0% | 13.2% |
The median household income in White Pine County is about 7% lower than in Nevada. Income has been growing slower in White Pine County (2.8%/yr) than in Nevada (5.1%/yr).
About 6% of adults in White Pine 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 White Pine County, Nevada grew by 52.0% from 2009 to 2023, reaching $70,013 in 2023. That's an average of about 2.8% per year.
Economic Inequality in White Pine County | Gender Pay Gap | Gini Coefficient
| Metric | White Pine County | Nevada Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.597 | 0.552 | 0.570 |
| Male Median Income | $66,652 | $60,195 | $67,746 |
| Female Median Income | $61,914 | $50,957 | $54,793 |
| Gender Pay Gap | 7.1% | 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 White Pine County, it is 0.597, 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 8% more than women's income in White Pine County, Nevada. Over a 35-year career, a 8% wage gap accumulates to roughly $165,830 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in White Pine County, Nevada has narrowed from about 39% to 7% in 2023. In dollar terms, the gap has narrowed by $13,987 since 2009.
Employment
| Metric | White Pine County | Nevada Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.9% | 6.8% | 5.2% |
| Working from Home | 9.1% | 10.5% | 13.4% |
| Commute time (minutes) | 12 | 22 | 22 |
Approximately 185 people are unemployed in White Pine County, Nevada.
The average commute time in White Pine County is 12 minutes, shorter than the 22 minutes in Nevada.
Unemployment Rate Over Time
Since 2011, the unemployment rate in White Pine County, Nevada has fallen from 8.4% to 4.9% in 2023.
Conclusion
Considering all these factors, White Pine County, Nevada has an overall wealth index grade of D, making it about on par with Nevada, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in White Pine County, Nevada.
How Rich Is White Pine County, Nevada?
White Pine 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 $70,013, about 7% lower than the Nevada average of $75,608.
What is the current median household income in White Pine County, Nevada?
As of 2023, the median household income in White Pine County, Nevada is $70,013.
What was the median household income in White Pine County in 2023?
In 2023, the median household income in White Pine County, Nevada was $70,013.
What was the median household income in White Pine County in 2020?
In 2020, the median household income in White Pine County, Nevada was $58,718.
What is the Gini coefficient in White Pine County, Nevada?
The Gini coefficient in White Pine County is 0.597. 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 White Pine County, Nevada?
Since 2009, the income gap between men and women in White Pine County, Nevada has narrowed from about 39% to 7% in 2023. In dollar terms, the gap has narrowed by $13,987 since 2009.