Economic Indicators
Household Income
From 2012 – 2017, Lincoln County’s median and mean household income has risen to a high of $52,917 and $69,934, respectively. From 2013 to 2017, households earning over $150,000 increased by 247%. From 2014 to 2016, households earning between $50,000 to $74,999 increased by 83%. Since 2014, households earning less than $10,000 have decreased by 39%. Similarly, households earning between $15,000 and $24,999 have also decreased in later years, as well as households between $35,000 and $49,999 in income.
Family Income
From 2010 to 2017, Lincoln County mean family income has increased from $67,143 to $84,404 (+20%). Median income has dropped for the state throughout the years, while it has raised for Lincoln County.
Unemployment
Lincoln unemployment has decreased every year since 2011. In every reporting year, Lincoln’s unemployment is lower than Nevada’s as a whole.
Average Earnings per Worker by Industry
Lincoln County average annual earnings was highest in 2015 and 2017, at $49,349 and $51,457, respectively. From 2012 into recent years, average annual earnings has increased for all three major industry types. Average annual earnings for public administration has changed the least from 2010 to 2017. Non-services-related earnings have changed the most.
Per Capita Income
Lincoln County per capita income is lower than Nevada’s per capita income as a whole, for each year in this time period. That being said, the county’s per capita income has increased throughout the years to almost match the state’s, which, in reverse, has decreased throughout the years. The overall change in per capita income for the county is a 34% increase. For the state it is an 8% decrease.
Personal Income
From 2010 to 2017, personal income has increased by 14%. 2015 was the year in which it received its highest increase, at 6%. 2017 shows an increase in every personal income category, as does 2015. Every Lincoln County personal income metric except for earnings by place of work has increased from 2010 to 2017.
Gross Regional Product
In 2017 Lincoln County showed more exports than imports. In 2017, the Government and Public Administration industry had the highest GRP by far, at $55,375,841. This makes up more than a third of the county’s entire total GRP.