Elko County · Nevada · West · 21k residents
Elko, NV: economy, jobs & business costs
The site-selection read on Elko: labor costs, talent, corporate tax, energy, and business activity, with the Nevada median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $1,289/wk. Nevada's corporate income tax rate is 0%. Commercial electricity averages 10.2¢/kWh.
Compare Elko side by side
Avg. weekly wage
$1,289/wk
Corporate income tax
0%
Bachelor's degree or higher
17.2%
Commercial electricity
10.2¢/kWh
Economic momentum
How fast Elko's economy is moving, ranked against the US cities we track.
72/100
Heating
Ranks Elko's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $309,100 |
| Price per sq. ft. | $260 |
| Property tax rate | 0.55% |
| 1-bedroom rent | $920/mo |
| 2-bedroom rent | $1,283/mo |
| State & local income tax | 0% |
| Sales tax | 8.2% |
| Corporate income tax | 0% |
| Avg. weekly wage | $1,289/wk |
| Bachelor's degree or higher | 17.2% |
| Commercial electricity | 10.2¢/kWh |
| Businesses per 1k residents | 26.9/1k |
| Wage: Software developer | $128,810 |
| Wage: Registered nurse | $103,670 |
| Wage: General manager | $99,390 |
| Wage: Customer service | $40,560 |
| Wage: Warehouse worker | $37,380 |
| Wage: Heavy truck driver | $62,290 |
| Wage: Electrician | $73,570 |
| Wage: Retail salesperson | $34,190 |
| Cost of living index | 94 |
| Groceries index | 100 |
| Utilities | $165/mo |
| Transit pass | $65/mo |
| Gas price | $3.95/gal |
| Healthcare index | 98 |
| Childcare (per child) | $1,100/mo |
| Median household income | $79,036 |
| Unemployment rate | 5.2% |
| Population | 21k |
| Crime index | 55/100 |
| School rating | 4.8/10 |
| Walkability | 30/100 |
| Disaster risk | 88/100 |
| Avg. commute | 25 min |
| Sunny days / year | 250 days |
| July high | 92°F |
| January low | 16°F |
| Annual snowfall | 39 in |
| Home price YoY | +1.6% |
| Home price MoM | +0.2% |
| Rent YoY | — |
| Rent MoM | -0.8% |
| Employment (jobs) YoY | +1.4% |
| Building permits YoY | +9.0% |
| Ocean coast | 419 mi |
| Big lake | 184 mi |
| Mountains | 20 mi |
| Major airport | 191 mi |
| Ski resort | 203 mi |
Popular comparisons
Nearby
- Fernley, NV · 24k
- Spanish Springs, NV · 18k
- Dayton, NV · 16k
- Sun Valley, NV · 22k
- Sparks, NV · 110k
Similar size
- Mesquite, NV · 22k
- Summerlin South, NV · 31k
- Winchester, NV · 37k
- Whitney, NV · 47k
- Pahrump, NV · 47k
Real listings in Elko
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Elko a good place to run a business?
- Nevada's corporate income tax rate is 0%; average weekly wages in the surrounding labor market run $1,289/wk; commercial electricity averages 10.2¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Elko, NV?
- Elko indexes at 94 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,283/mo and a acs median home value of $309,100.
- How much does a house cost in Elko?
- The acs median home value in Elko is $309,100 (Census ACS estimate; individual listings vary).
- How much is rent in Elko?
- A two-bedroom in Elko rents for about $1,283/mo.