LotsCap

Economy Profile

Mohave County

  • Arizona State
  • October, 2024
TSAC-CFD-04015

Table of Content

Snapshot

-

GDP (2022, Thousands)
$ 7714869
AVG Real Growth (2017-2022)
3.32 %
Unemployment Rate (May, 2024)
5 %
Labor Force Size
92903
Number of Businesses
4900
Average Annual Wage
$ 49691

Economy Structure

Population & Household section gives reader an outlook. of general population profile, structure, and outlook.

GDP

GDP (2022, Thousands)
$ 7714869
GDP Per Capita
$ 36012
GDP Growth Rate (2022)
-0.2 %
Average Growth Rate (2017-2022)
3.32 %
Goods Producing Contribution (%)
- %
Service Providing Contribution (%)
- %
Goverment Contribution
10.6%
GDP Historical Growth Rate
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP by Sectors
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP Growth by Sectors
Source: Bureau of Economic Analysis | CAGDP11

Monthly Employment

Total Labor Force
92903
Labor Force Growth
1.49%
Unemployment
4652
Unemployment Rate
5%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
61.7%
Employment Rate (with Bachelor's Degree)
74.4%
Employment Rate (75+ y.o.)
4.3%
Employment Rate (Black)
42.4%
Employment Rate (Female)
60.4%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
4900
Number of Employment
55181
Annual Average Wages
$ 49691
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 56155
Service-providing (avg pay)
$ 47375
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 53592
Household Income (Median)
$ 73093
Per Capita Income
$ 32835
Per Capita Income Growth (2010-2022)
52.6 %
Gini Index
0.4622*
Poverty Rate
16.0 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov