Economy

Median household income

Income is generally used as a measure of the economic well-being of individuals and communities. Median household income provides information about the financial resources available to households, and is closely tied to employment levels, educational attainment, and health.

Source: American Community Survey (ACS), Single-year estimates; Confidence level: 90 percent

Median household income continues to climb

The region's median household income has increased seven of the past eight years, hitting $62,107 in 2019, a highpoint for the decade. The region’s sustained median income increase is consistent with a national trend that has seen median household income grow by more than 25 percent in the aftermath of the Great Recession

However, Southern Nevadans earn less on average than the typical American, which wasn't the case prior to the recession. In 2007, for instance, the median household income in Southern Nevada was  more than $5,000 higher than that of the nation. As of 2019, the region's median household income was roughly$3,600 less than the U.S. median household income. Nationally, median household income increased 28 percent since 2012.

The map below displays median household income in Southern Nevada at the census tract level. Approximately 55 percent of the census tracts in the region had a median household below greater than region's.

Click on a census tract for additional socioeconomic information. Click here for full screen map.

Source: American Community Survey (ACS), 5-year estimates (2015-2019).

Racial and ethnic income disparities in Southern Nevada similar to U.S. 

While median household incomes have grown in recent years, the racial/ethnic income disparities have remained relatively consistent (see charts below).  As is the case nationally, Asian and white (non-Hispanic) households have higher median household incomes than all other racial/ethnic groups. In Southern Nevada, the 2019 median incomes of Asian and white (non-Hispanic) households were $71,170 and $70,171 respectively, while Hispanic/Latino and Black households earned $54,195 and $43,102 respectively.

While incomes of Black, Hispanic/Latino, and white (non-Hispanic) households in Southern Nevada track closely with national averages, the median Asian household income in the region is more than $20,000 less than the median income of an Asian household nationally.

 Source: American Community Survey (ACS)

Source: American Community Survey (ACS)