Nevada had a spike in its annual income per household back in 2007, but now it is 18.08% lower. More information on the statistics of the labor market in Nevada can be found below.
Currently, Nevada households bring in an average income of $48,927 a year. Compared to last year these numbers decreased 7%. Furthermore, over the past three years these numbers have dropped 16.9%. The overall cost of living in Nevada is 94.5.
Nevada currently has a high unemployment rate of 13%. Furthermore, the job growth rate is currently down 1.37%. When these rates are compared to the U.S. average, overall rates in Nevada are higher.