Economic comparison by state
| |
Population |
Median
Household
Income |
% Bachelor’s
Degree
or Higher |
GDP
(In Billions) |
GDP
(Per Capita) |
Cost of Living |
Index |
| Nevada |
3.28M |
$81.31K |
28.70% |
$239.40B |
$66.24K |
Reno MSA (NV) |
104 |
|
|
|
|
|
|
Las Vegas MSA (NV) |
99 |
| Arizona |
7.58M |
$82.66K |
33.50% |
$508.34B |
$62.54K |
Phoenix MSA (AZ) |
106 |
|
|
|
|
|
|
Tucson MSA (AZ) |
103 |
| California |
38.97M |
$89.87K |
37.50% |
$3.86T |
$81.26K |
Los Angeles MSA (CA) |
149 |
|
|
|
|
|
|
San Francisco MSA (CA) |
167 |
| Idaho |
2.00M |
$73.91K |
32.10% |
$118.79B |
$59.39K |
Idaho Falls MSA (ID) |
83 |
|
|
|
|
|
|
Boise City MSA (ID) |
102 |
| Oregon |
4.27M |
$88.74K |
37.70% |
$316.46B |
$67.84K |
Portland MSA (OR) |
117 |
| Utah |
3.50M |
$101.20K |
38.40% |
$272.59B |
$64.18K |
Salt Lake City MSA (UT) |
109 |
|
|
|
|
|
|
Provo MSA (UT) |
103 |
| United States |
334.91M |
$74.58K |
35.00% |
$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 |
Jan-2025 |
0.9% |
$1.06K |
Jan-2025 |
6.5% |
107.24K |
Q3 2024 |
-1.8% |
10.75K |
Feb-2025 |
-1.6% |
| California |
18.03M |
Jan-2025 |
0.1% |
$1.35K |
Jan-2025 |
4.2% |
1.89M |
Q3 2024 |
8.0% |
193.84K |
Dec-2022 |
-18.5% |
| Arizona |
3.25M |
Jan-2025 |
-0.3% |
$1.19K |
Jan-2025 |
4.8% |
218.48K |
Q2 2024 |
1.0% |
11.25K |
Dec-2022 |
-35.8% |
| Utah |
1.75M |
Jan-2025 |
1.9% |
$1.13K |
Jan-2025 |
2.3% |
134.26K |
Q2 2024 |
2.7% |
9.80K |
Jan-2023 |
-47.9% |
| Idaho |
878.60K |
Jan-2025 |
2.8% |
$1.13K |
Jan-2025 |
9.2% |
98.27K |
Q2 2024 |
8.7% |
9.76K |
Dec-2022 |
13.2% |
| Oregon |
2.00M |
Jan-2025 |
1.1% |
$1.22K |
Jan-2025 |
5.9% |
189.98K |
Q2 2024 |
2.3% |
23.77K |
Dec-2022 |
6.2% |
| Colorado |
2.95M |
Jan-2025 |
1.1% |
$1.30K |
Jan-2025 |
6.0% |
265.34K |
Q2 2024 |
5.0% |
13.63K |
Dec-2022 |
-8.8% |
| United States |
159.22M |
Feb-2025 |
1.2% |
n.a |
n.a |
n.a |
11.86M |
Q1 2024 |
3.5% |
226.02K |
W9-25 |
5.4% |
| |
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) |
$2.34 |
Q2 2024 |
3.7% |
$0.83 |
Q2 2024 |
2.6% |
$480.40K |
Q4 2024 |
4.5% |
|
|
Northern Nevada |
$2.04 |
Q4 2024 |
6.3% |
$0.83 |
Q4 2024 |
-6.7% |
$622.30K |
Q4 2024 |
3.9% |
|
| California |
San Francisco Area (CA) |
$5.73 |
Q4 2024 |
-0.7% |
$1.80 |
Q4 2024 |
0.0% |
$1.32M |
Q4 2024 |
5.2% |
|
|
Los Angeles Area (CA) |
$3.99 |
Q4 2024 |
1.5% |
$1.42 |
Q4 2024 |
-7.2% |
$823.00K |
Q1 2024 |
10.2% |
|
| Arizona |
Tucson Area (AZ) |
$1.95 |
Q4 2024 |
2.1% |
$0.83 |
Q3 2024 |
-2.4% |
$389.70K |
Q1 2024 |
7.4% |
|
|
Phoenix Area (AZ) |
$2.59 |
Q4 2024 |
-1.0% |
$1.00 |
Q4 2024 |
-7.4% |
$476.40K |
Q4 2024 |
2.1% |
|
| Utah |
Salt Lake City Area (UT) |
$2.18 |
Q4 2024 |
-0.5% |
$0.77 |
Q4 2024 |
-4.9% |
$570.50K |
Q4 2024 |
5.5% |
|
| Oregon |
Portland Area (OR) |
$2.71 |
Q4 2024 |
0.5% |
$0.88 |
Q4 2024 |
3.5% |
$589.30K |
Q4 2024 |
1.7% |
|
| Idaho |
Boise City Area (ID) |
n.a |
n.a |
n.a |
n.a |
n.a |
n.a |
$482.60K |
Q4 2024 |
0.9% |
|
| 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 |
$0.08 |
2024 |
-17.6% |
$0.10 |
2024 |
-11.2% |
$10.69 |
2024 |
-8.9% |
$13.69 |
2024 |
-0.7% |
| California |
$0.22 |
2024 |
17.9% |
$0.25 |
2024 |
5.8% |
$14.07 |
2023 |
2.5% |
$13.87 |
2024 |
-19.4% |
| Arizona |
$0.08 |
2024 |
-0.9% |
$0.13 |
2024 |
9.4% |
$5.37 |
2024 |
-22.6% |
$12.21 |
2024 |
0.2% |
| Utah |
$0.07 |
2024 |
-2.3% |
$0.08 |
2024 |
-0.7% |
$9.99 |
2023 |
25.3% |
$11.41 |
2024 |
-3.7% |
| Idaho |
$0.08 |
2024 |
6.8% |
$0.09 |
2024 |
4.3% |
$5.08 |
2024 |
-23.6% |
$7.25 |
2024 |
-17.0% |
| Oregon |
$0.08 |
2024 |
5.3% |
$0.11 |
2024 |
9.0% |
$7.98 |
2023 |
25.9% |
$11.67 |
2024 |
-4.5% |
| United States |
$0.08 |
2023 |
-5.2% |
$0.13 |
2023 |
2.7% |
$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% |
