Economic comparison by state
| |
Population |
Median
Household
Income |
% Bachelor’s
Degree
or Higher |
GDP
(In Billions) |
GDP
(Per Capita) |
Cost of Living |
Index |
| Nevada |
3.24M |
$72.33K |
27.00% |
$222.94B |
$61.28K |
Reno MSA (NV) |
104 |
|
|
|
|
|
|
Las Vegas MSA (NV) |
98 |
| Arizona |
7.43M |
$73.45K |
33.00% |
$475.65B |
$54.30K |
Phoenix MSA (AZ) |
102 |
|
|
|
|
|
|
Tucson MSA (AZ) |
103 |
| California |
38.97M |
$85.30K |
37.00% |
$3.60T |
$76.39K |
Los Angeles MSA (CA) |
149 |
|
|
|
|
|
|
San Francisco MSA (CA) |
170 |
| Idaho |
1.96M |
$72.58K |
32.30% |
$110.87B |
$51.38K |
Idaho Falls MSA (ID) |
83 |
|
|
|
|
|
|
Boise City MSA (ID) |
105 |
| Oregon |
4.23M |
$86.78K |
36.30% |
$297.31B |
$60.68K |
Portland MSA (OR) |
120 |
| Utah |
3.42M |
$95.80K |
37.90% |
$248.18B |
$55.39K |
Salt Lake City MSA (UT) |
109 |
|
|
|
|
|
|
Provo MSA (UT) |
104 |
| United States |
333.29M |
$74.58K |
34.30% |
$27.36T |
$63.44K |
|
|
| |
Total Nonfarm
Employment |
Avg. Weekly Wages -
Private |
Private Businesses |
Initial Unemployment
Insurance Claims |
| | Current | Date | Change | Current | Date | Change | Current | Date | Change | Current | Date | Change |
|---|
| Nevada |
1.57M |
Feb-2024 |
3.4% |
$1.03K |
Feb-2024 |
0.2% |
106.06K |
Q3 2023 |
2.2% |
10.93K |
Feb-2024 |
20.2% |
| California |
18.18M |
Dec-2023 |
1.7% |
$1.31K |
Dec-2023 |
1.7% |
1.75M |
Q3 2023 |
2.6% |
193.84K |
Dec-2022 |
-18.5% |
| Arizona |
3.24M |
Feb-2024 |
2.1% |
$1.14K |
Feb-2024 |
3.6% |
220.22K |
Q3 2023 |
8.7% |
11.25K |
Dec-2022 |
-35.8% |
| Utah |
1.74M |
Feb-2024 |
1.9% |
$1.10K |
Feb-2024 |
2.9% |
133.15K |
Q3 2023 |
2.3% |
9.80K |
Jan-2023 |
-47.9% |
| Idaho |
862.10K |
Feb-2024 |
2.8% |
$1.04K |
Feb-2024 |
9.4% |
92.53K |
Q3 2023 |
10.2% |
9.76K |
Dec-2022 |
13.2% |
| Oregon |
1.97M |
Feb-2024 |
-0.1% |
$1.19K |
Feb-2024 |
4.8% |
197.21K |
Q3 2023 |
9.8% |
23.77K |
Dec-2022 |
6.2% |
| Colorado |
2.98M |
Feb-2024 |
3.6% |
$1.23K |
Feb-2024 |
5.4% |
243.58K |
Q3 2022 |
6.7% |
13.63K |
Dec-2022 |
-8.8% |
| United States |
157.81M |
Feb-2024 |
1.8% |
n.a |
n.a |
n.a |
11.31M |
Q3 2022 |
5.8% |
202.72K |
W10-24 |
-3.8% |
| |
Office Market Avg.
Asking Rents PSF |
Industrial Market Avg.
Asking Rents PSF |
Existing Single-Family Home
Median Sales Price |
| | Location | Current | Date | Change | Current | Date | Change | Current | Date | Change |
|---|
| Nevada |
Las Vegas Area (NV) |
$2.28 |
Q3 2023 |
3.9% |
$0.83 |
Q3 2023 |
7.2% |
$459.60K |
Q4 2023 |
4.1% |
|
|
Northern Nevada |
$1.96 |
Q4 2022 |
0.0% |
$0.91 |
Q4 2022 |
54.2% |
$599.00K |
Q4 2023 |
6.6% |
|
| California |
San Francisco Area (CA) |
$5.77 |
Q4 2023 |
-8.7% |
$1.86 |
Q3 2023 |
16.3% |
$1.25M |
Q4 2023 |
1.7% |
|
|
Los Angeles Area (CA) |
$3.93 |
Q4 2023 |
1.8% |
$1.53 |
Q4 2023 |
-6.7% |
$884.40K |
Q4 2023 |
6.7% |
|
| Arizona |
Tucson Area (AZ) |
$1.91 |
Q4 2023 |
-1.0% |
$0.86 |
Q4 2023 |
-3.4% |
$378.80K |
Q4 2023 |
2.9% |
|
|
Phoenix Area (AZ) |
$2.62 |
Q4 2023 |
4.8% |
$1.08 |
Q4 2023 |
5.9% |
$466.50K |
Q4 2023 |
3.6% |
|
| Utah |
Salt Lake City Area (UT) |
$2.19 |
Q4 2023 |
-1.8% |
$0.81 |
Q4 2023 |
-15.6% |
$541.00K |
Q4 2023 |
3.1% |
|
| Oregon |
Portland Area (OR) |
$2.70 |
Q4 2023 |
0.0% |
$0.85 |
Q4 2023 |
6.3% |
$579.40K |
Q4 2023 |
2.1% |
|
| Idaho |
Boise City Area (ID) |
n.a |
n.a |
n.a |
n.a |
n.a |
n.a |
$498.00K |
Q4 2023 |
8.8% |
|
| United States |
United States |
n.a |
n.a |
n.a |
n.a |
n.a |
n.a |
$5.59M |
Sep-2021 |
0.0% |
|
| |
Industrial Electric Rates
(per Kwh) |
Commercial Electric Rates
(per Kwh) |
Industrial Natural Gas
Rates (per 1000 Cu.Ft.) |
Commercial Natural Gas
Rates (per 1000 Cu.Ft.) |
| | Current | Date | Change | Current | Date | Change | Current | Date | Change | Current | Date | Change |
|---|
| Nevada |
$0.10 |
2023 |
21.2% |
$0.12 |
2023 |
16.8% |
$11.74 |
2023 |
42.6% |
$13.79 |
2023 |
46.9% |
| California |
$0.19 |
2023 |
10.5% |
$0.24 |
2023 |
9.6% |
$13.73 |
2022 |
40.8% |
$16.13 |
2022 |
34.0% |
| Arizona |
$0.08 |
2023 |
0.0% |
$0.12 |
2023 |
8.4% |
$7.48 |
2022 |
16.7% |
$12.28 |
2023 |
13.6% |
| Utah |
$0.07 |
2023 |
2.9% |
$0.09 |
2023 |
1.2% |
$9.99 |
2023 |
25.3% |
$11.85 |
2023 |
32.8% |
| Idaho |
$0.07 |
2023 |
7.5% |
$0.09 |
2023 |
6.0% |
$6.65 |
2023 |
31.4% |
$8.74 |
2023 |
23.1% |
| Oregon |
$0.07 |
2023 |
4.4% |
$0.10 |
2023 |
9.6% |
$7.98 |
2023 |
25.9% |
$12.22 |
2023 |
18.3% |
| United States |
$0.08 |
2023 |
-5.2% |
$0.13 |
2023 |
1.1% |
$4.59 |
2023 |
-40.1% |
$10.92 |
2023 |
-3.7% |
| |
Sales Tax rate
(state minimum) |
Individual Income Tax Rate
(Highest bracket) |
Corporate Income Tax Rate
(Highest bracket) |
| | Current | Date | Change | Current | Date | Change | Current | Date | Change |
|---|
| Nevada |
6.85% |
2023 |
0.0% |
0.00% |
2023 |
0.0% |
0.00% |
2023 |
0.0% |
| California |
7.25% |
2023 |
0.0% |
13.30% |
2023 |
0.0% |
8.84% |
2023 |
0.0% |
| Arizona |
5.60% |
2023 |
0.0% |
2.50% |
2023 |
-2.0% |
4.90% |
2023 |
0.0% |
| Utah |
6.10% |
2023 |
0.0% |
4.85% |
2023 |
-0.1% |
4.85% |
2023 |
-0.1% |
| Idaho |
6.00% |
2023 |
0.0% |
5.80% |
2023 |
-0.2% |
5.80% |
2023 |
-0.7% |
| Oregon |
0.00% |
2023 |
0.0% |
9.90% |
2023 |
0.0% |
7.60% |
2023 |
0.0% |
