Economy, jobs and prices in Nevada, United States: official figures
The economy of Nevada (gross domestic product) was worth $281.4 billion in 2025 at current prices, 0.9% of the US total of $30.86 trillion; 22nd smallest of 51. In current dollars it was up 5.1% on 2024.
How fast is the economy of Nevada growing?
After adjusting for inflation, real GDP in Nevada grew 2.0% in 2025, against 2.3% for the United States; 23rd fastest-growing of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the GDP per capita of Nevada?
Dividing 2025 GDP by the Census Bureau's population estimate gives $85,728 of output per resident, against $90,294 for the US economy divided by the population of the 50 states and DC; 23rd highest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyIs the economy of Nevada growing or shrinking?
In the second quarter of 2026, real GDP in Nevada grew at an annual rate of 1.3% (United States: 2.2%); tied for 20th slowest-growing of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat are the main industries in Nevada?
In 2025 the largest private industry in Nevada's economy was real estate, rental and leasing (15.1% of GDP), followed by accommodation and food services (12.2%) and construction (7.7%). Government accounted for 9.4% and manufacturing for 4.4%; the manufacturing share was 6th lowest of 51 (United States: 9.5%).
Source: U.S. Bureau of Economic Analysis · saved copyHow much do people in Nevada spend?
Consumer spending (personal consumption expenditures) in Nevada came to $58,443 per person in 2025 (United States: $61,062); 26th highest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyIs Nevada expensive to live in?
Prices in Nevada were 0.0% below the national average in 2024, by BEA's regional price parity of 100.0 (US = 100), which covers goods, services and housing; 18th most expensive of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the inflation rate in Nevada?
Prices in Nevada rose 4.8% in 2024, measured by BEA's implicit regional price deflator, against 2.6% nationally (PCE price index).
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the per capita income in Nevada?
Personal income per person in Nevada was $73,767 in 2025, against $77,028 for the United States; 24th highest of 51. It was up 4.6% on 2024 and up 34.8% on 2020, before inflation.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the disposable income per person in Nevada?
After taxes, disposable personal income per person was $65,239 in 2025 (United States: $67,251); 25th highest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyHow far does income go in Nevada?
Adjusted for local price levels, real personal income per person in Nevada was $56,503 in 2024 in 2017 dollars (United States: $59,195); 20th lowest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the median household income in Nevada?
Median household income in Nevada was $81,134 in 2024 (margin of error ±$1,112), against $81,604 for the United States; 23rd highest of 51 by the point estimate. It was up 3.2% on 2023 after adjusting for inflation (American Community Survey).
Source: U.S. Census Bureau · saved copyHow unequal are incomes in Nevada?
The Gini index of household income inequality in Nevada was 0.465 in 2024 (0 means equal incomes, 1 means one household has everything; United States: 0.481); 25th least unequal of 51.
Source: U.S. Census Bureau · saved copyWhat is the unemployment rate in Nevada?
The unemployment rate in Nevada was 4.7% in September 2026 (seasonally adjusted, preliminary), down from 5.2% a year earlier; tied for 8th highest of 51. The rate for the 50 states and DC combined was 4.2%.
Source: U.S. Bureau of Labor Statistics · saved copyHow many people are unemployed in Nevada?
In September 2026, 78,828 people in Nevada were unemployed and 1,591,464 employed, out of a labor force of 1,670,292.
Source: U.S. Bureau of Labor Statistics · saved copyWhat was the unemployment rate in Nevada in 2025?
Over 2025 the unemployment rate in Nevada averaged 5.3% (an 11-month average: October 2025 was not collected during the federal shutdown), against 5.4% in 2024; 3rd highest of 51. The lowest annual rate since 1976 was 4.1% in 1999.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the average salary in Nevada?
Workers covered by unemployment insurance in Nevada were paid $69,776 on average in 2025 ($1,342 a week), up 4.0% on 2024; the US average was $78,720. That is 25th lowest of 51.
Source: U.S. Bureau of Labor Statistics · saved copyHow many jobs are there in Nevada?
Employers in Nevada had an average of 1,569,260 jobs on their payrolls in 2025 across 108,001 establishments, up 1.1% on 2024 (United States: up 0.5%).
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the median wage in Nevada?
The median annual wage across all occupations in Nevada was $47,660 in May 2025 (mean $62,050); 12th lowest of 51. One in ten workers earned less than $28,270 and one in ten more than $106,080.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the most common job in Nevada?
The most common occupation in Nevada in May 2025 was fast food and counter workers, with 45,850 workers and a median annual wage of $31,950.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the median household income in Nevada?
Median household income in Nevada was $81,129 in 2024, 22nd highest among the 50 states and DC (U.S.: $81,604). In 2019 it was $63,268, so it has risen 28.2% before allowing for inflation.
Source: U.S. Census Bureau · saved copyWhat is the average rent in Nevada?
The median gross rent in Nevada, including utilities, was $1,709 a month in 2024, up 5.4% on 2023 ($1,622); 10th highest among the 50 states and DC (U.S.: $1,487).
Source: U.S. Census Bureau · saved copyWhat is the median home value in Nevada?
Homeowners in Nevada valued their homes at a median of $455,500 in 2024, up 3.3% on 2023 ($441,100); 12th highest among the 50 states and DC (U.S.: $360,600).
Source: U.S. Census Bureau · saved copyHow affordable are homes in Nevada?
The median home value in Nevada was 5.6 times the median household income in 2024 ($455,500 against $81,129); 10th highest ratio among the 50 states and DC (U.S.: 4.4).
Source: U.S. Census Bureau · saved copyIs rent affordable in Nevada?
A household on the median income in Nevada would spend 25.3% of its income on the median rent of $1,709 a month in 2024 (U.S.: 21.9%).
Source: U.S. Census Bureau · saved copyHow Nevada compares with other states
Gross domestic product, 2025 (current dollars) (2025)
Nevada ranks 30 of 51, highest first.
| Rank | Region | Gross domestic product, 2025 (current dollars) |
|---|---|---|
| 27 | Alabama | $339.0 billion |
| 28 | Utah | $319.2 billion |
| 29 | Kentucky | $313.6 billion |
| 30 | Nevada | $281.4 billion |
| 31 | Oklahoma | $274.3 billion |
| 32 | Iowa | $271.9 billion |
| 33 | Kansas | $232.1 billion |
GDP per resident, 2025 (BEA GDP / Census population) (2025)
Nevada ranks 23 of 51, highest first.
| Rank | Region | GDP per resident, 2025 (BEA GDP / Census population) |
|---|---|---|
| 20 | Minnesota | $88,350 |
| 21 | South Dakota | $87,694 |
| 22 | Hawaii | $85,959 |
| 23 | Nevada | $85,728 |
| 24 | Iowa | $83,973 |
| 25 | Georgia | $82,819 |
| 26 | Ohio | $82,087 |
Real GDP growth, 2025 (2025)
Nevada ranks 23 of 51, highest first.
| Rank | Region | Real GDP growth, 2025 |
|---|---|---|
| 20 | Michigan | 2.2% |
| 21 | Tennessee | 2.1% |
| 22 | New Jersey | 2.0% |
| 23 | Nevada | 2.0% |
| 24 | Montana | 2.0% |
| 25 | Alabama | 2.0% |
| 26 | Vermont | 1.9% |
Real GDP growth, 2026:Q2 (annual rate) (2026:Q2)
Nevada ranks 32 of 51, highest first.
| Rank | Region | Real GDP growth, 2026:Q2 (annual rate) |
|---|---|---|
| 29 | Maine | 1.4% |
| 30 | Indiana | 1.3% |
| 31 | Maryland | 1.3% |
| 32 | Nevada | 1.3% |
| 33 | Virginia | 1.2% |
| 34 | Arkansas | 1.1% |
| 35 | Colorado | 1.0% |
Personal income per person, 2025 (2025)
Nevada ranks 24 of 51, highest first.
| Rank | Region | Personal income per person, 2025 |
|---|---|---|
| 21 | Vermont | $75,723 |
| 22 | Pennsylvania | $75,370 |
| 23 | Rhode Island | $75,233 |
| 24 | Nevada | $73,767 |
| 25 | Oregon | $73,283 |
| 26 | Texas | $73,156 |
| 27 | Montana | $72,066 |
Real personal income per person, 2024 (adjusted for local prices, 2017 dollars) (2024)
Nevada ranks 32 of 51, highest first.
| Rank | Region | Real personal income per person, 2024 (adjusted for local prices, 2017 dollars) |
|---|---|---|
| 29 | Maine | $57,480 |
| 30 | Florida | $57,131 |
| 31 | Louisiana | $56,789 |
| 32 | Nevada | $56,503 |
| 33 | North Carolina | $56,310 |
| 34 | Ohio | $56,232 |
| 35 | Rhode Island | $55,878 |
Median household income, 2024 (ACS) (2024)
Nevada ranks 23 of 51, highest first.
| Rank | Region | Median household income, 2024 (ACS) |
|---|---|---|
| 20 | Vermont | $82,730 |
| 21 | Arizona | $81,486 |
| 22 | Idaho | $81,166 |
| 23 | Nevada | $81,134 |
| 24 | Georgia | $79,991 |
| 25 | Texas | $79,721 |
| 26 | North Dakota | $77,871 |
Regional price parity, 2024 (US = 100) (2024)
Nevada ranks 18 of 51, highest first.
| Rank | Region | Regional price parity, 2024 (US = 100) |
|---|---|---|
| 15 | Rhode Island | 102.3 |
| 16 | Virginia | 101.1 |
| 17 | Arizona | 100.7 |
| 18 | Nevada | 100.0 |
| 19 | Illinois | 100.0 |
| 20 | Delaware | 99.8 |
| 21 | Utah | 98.9 |
Unemployment rate, September 2026 (seasonally adjusted) (September 2026)
Nevada ranks 9 of 51, highest first.
| Rank | Region | Unemployment rate, September 2026 (seasonally adjusted) |
|---|---|---|
| 6 | Arizona | 4.9% |
| 7 | Washington | 4.8% |
| 8 | Kentucky | 4.7% |
| 9 | Nevada | 4.7% |
| 10 | New Mexico | 4.7% |
| 11 | Illinois | 4.6% |
| 12 | Delaware | 4.6% |
Unemployment rate, 2025 annual average (2025)
Nevada ranks 3 of 51, highest first.
| Rank | Region | Unemployment rate, 2025 annual average |
|---|---|---|
| 1 | District of Columbia | 6.3% |
| 2 | California | 5.5% |
| 3 | Nevada | 5.3% |
| 4 | Michigan | 5.2% |
| 5 | New Jersey | 5.2% |
| 6 | Oregon | 5.2% |
| 7 | Delaware | 4.8% |
Labor force participation rate, September 2026 (September 2026)
Nevada ranks 23 of 51, highest first.
| Rank | Region | Labor force participation rate, September 2026 |
|---|---|---|
| 20 | Virginia | 62.7% |
| 21 | Pennsylvania | 62.6% |
| 22 | Oregon | 62.6% |
| 23 | Nevada | 62.3% |
| 24 | Connecticut | 62.1% |
| 25 | Vermont | 62.1% |
| 26 | Washington | 62.0% |
Average annual pay, 2025 (QCEW) (2025)
Nevada ranks 27 of 51, highest first.
| Rank | Region | Average annual pay, 2025 (QCEW) |
|---|---|---|
| 24 | Michigan | $70,809 |
| 25 | Hawaii | $70,649 |
| 26 | Tennessee | $70,409 |
| 27 | Nevada | $69,776 |
| 28 | Utah | $69,316 |
| 29 | Ohio | $68,298 |
| 30 | North Dakota | $67,580 |
Median annual wage, all occupations, May 2025 (OEWS) (May 2025)
Nevada ranks 40 of 51, highest first.
| Rank | Region | Median annual wage, all occupations, May 2025 (OEWS) |
|---|---|---|
| 37 | Florida | $47,880 |
| 38 | Indiana | $47,860 |
| 39 | Missouri | $47,800 |
| 40 | Nevada | $47,660 |
| 41 | Tennessee | $47,380 |
| 42 | New Mexico | $47,210 |
| 43 | South Dakota | $47,080 |
Median household income (2024)
Nevada ranks 22 of 51, highest first. Census Bureau SAIPE model estimates
| Rank | Region | Median household income |
|---|---|---|
| 19 | Rhode Island | $83,250 |
| 20 | Vermont | $82,836 |
| 21 | Arizona | $81,404 |
| 22 | Nevada | $81,129 |
| 23 | Idaho | $80,852 |
| 24 | North Dakota | $80,132 |
| 25 | Georgia | $79,912 |
Median gross rent (monthly) (2024)
Nevada ranks 10 of 51, highest first. Renter-occupied units paying cash rent
| Rank | Region | Median gross rent (monthly) |
|---|---|---|
| 7 | Florida | $1,812 |
| 8 | New Jersey | $1,800 |
| 9 | Maryland | $1,721 |
| 10 | Nevada | $1,709 |
| 11 | Arizona | $1,672 |
| 12 | Virginia | $1,646 |
| 13 | New York | $1,634 |
Median value of owner-occupied homes (2024)
Nevada ranks 12 of 51, highest first. Owner-reported value
| Rank | Region | Median value of owner-occupied homes |
|---|---|---|
| 9 | New Jersey | $496,000 |
| 10 | New Hampshire | $458,800 |
| 11 | Rhode Island | $455,700 |
| 12 | Nevada | $455,500 |
| 13 | New York | $449,800 |
| 14 | Idaho | $446,400 |
| 15 | Maryland | $436,300 |
More on Nevada: overview · health · education and schools · poverty and living standards · government budget · the United States
Sources
- U.S. Census Bureau: Household Income in States and Metropolitan Areas: 2024 (ACSBR-025), Appendix Table 1: median household income and Gini index by state, 2023 and 2024 American Community Survey, read 23 October 2026 · saved copy (SHA-256 5de1b0d5ec46…)
- U.S. Bureau of Economic Analysis: SASUMMARY: State annual summary statistics: personal income, GDP, consumer spending, price indexes, and employment (updated 30 September 2026), read 23 October 2026 · saved copy (SHA-256 a3757d207c05…)
- U.S. Bureau of Economic Analysis: SAGDP: Annual GDP by state, 1997-2025 (table SAGDP2, GDP in current dollars by industry), read 23 October 2026 · saved copy (SHA-256 3d3c5bc7bd24…)
- U.S. Bureau of Economic Analysis: SQGDP: Quarterly GDP by state, 2005-2026 Q2 (table SQGDP11, percent change in real GDP at annual rate), read 23 October 2026 · saved copy (SHA-256 1649260cdceb…)
- U.S. Bureau of Labor Statistics: Local Area Unemployment Statistics: employment status of the civilian noninstitutional population, states, monthly, seasonally adjusted, read 23 October 2026 · saved copy (SHA-256 7bb6f18d4145…)
- U.S. Bureau of Labor Statistics: Local Area Unemployment Statistics: employment status of the civilian noninstitutional population, states, annual averages 1976-2025, read 23 October 2026 · saved copy (SHA-256 262aba7d00df…)
- U.S. Bureau of Labor Statistics: Occupational Employment and Wage Statistics, May 2025 state estimates (state_M2025_dl.xlsx), read 23 October 2026 · saved copy (SHA-256 74d5be0e1df8…)
- U.S. Bureau of Labor Statistics: Quarterly Census of Employment and Wages, 2025 annual averages, all industries (open data CSV slice), read 23 October 2026 · saved copy (SHA-256 5a5f89142aae…)
- U.S. Census Bureau: American Community Survey 2024 1-year estimates, table-based summary file: Median gross rent (B25064), read 23 October 2026 · saved copy (SHA-256 8624f9775add…)
- U.S. Census Bureau: American Community Survey 2024 1-year estimates, table-based summary file: Median value of owner-occupied homes (B25077), read 23 October 2026 · saved copy (SHA-256 27120d5d8a5f…)
- U.S. Census Bureau: Small Area Income and Poverty Estimates (SAIPE): 2024 poverty and median household income, states and counties, read 23 October 2026 · saved copy (SHA-256 cb52c47d75c1…)
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