Mohave County's population as of Census 2020 was 213,267, up 6.5% from 2010. Mohave County's population is projected to reach 230,511 in 2025 and 305,951 by 2055, according to pre-Census 2020 projections by Arizona Office of Economic Opportunity.
UNEMPLOYMENT: Mohave County's unemployment rate in 2020 was 10.0% (up from 5.9% in 2019, due to the COVID pandemic and related economic decline). At the peak of COVID business closures, the unemployment rate in Mohave County hit a high of 20.3% in April 2020, its highest level on record (with records back to 2000). Mohave County’s unemployment rate of 10.0% in 2020 was higher than the statewide rate of 7.9% and the nationwide rate of 8.1%.
NONFARM PAYROLL EMPLOYMENT: Mohave County lost 900 jobs in 2020 for annual job growth of -1.7%. The private sector declined by 700 jobs (-1.6%), with the gain of 100 goods-producing jobs (+1.5%) and the loss of 800 service jobs (-2.2%). Mohave County's government sector lost 300 jobs (-3.6%) with federal jobs stabilizing at 2019 levels in 2020 and state and local government jobs down by 300 (-3.8%).
Note: Labor force, employment, unemployment, and jobs data on this site are updated annually. For the most recent monthly labor market data, visit Arizona Office of Economic Opportunity.
PERSONAL INCOME: In 2019, Mohave County had a per capita personal income (PCPI) of $34,393. This PCPI ranked 11th in the state and was 75% of the state average, $46,058, and 61% of the national average, $56,490. The 2019 PCPI reflected an increase of 3.1% from 2018. The 2018-2019 state change was 3.3% and the national change was 3.5%. In 2009, the PCPI of Mohave County was $25,384 and ranked 11th in the state. The 2009-2019 compound annual growth rate of PCPI was 3.1%. The compound annual growth rate for the state was 3.3% and for the nation was 3.7%.
WAGES: The average annual wage in Mohave County in 2020 was $43,178 ($20.76 hourly), which was 81% of the Arizona statewide average wage of $53,396 ($25.67 hourly) and 77% of the national average wage of $56,310 ($27.07 hourly).
In 2020, Mohave County's retail sales were up 14.4%. Mohave County's restaurant & bar sales were down less than 0.1%, while hotel/motel receipts were up 10.3% in 2020.
Mohave Major Industry Sales (2009-current) (xlsx)
DownloadIn 2019, Mohave County produced $6 billion in current-dollar total GDP. This GDP ranked 7th in the state and accounted for 1.6% of the state total. In 2009, the total GDP of Mohave County was $4.4 billion and ranked 7th in the state. In 2019, Mohave County real GDP grew 5.2%; the 2018-2019 state change was 3.1%. The 2009-2019 compound annual growth rate for Mohave County real GDP was 1.1%; the compound annual growth rate for the state was 2.4%.
Mohave Gross Domestic Product (by Industry) (2001-current) (xlsx)
DownloadHOME PRICES & DAYS ON MARKET: In May 2021, the median price of homes sold in Mohave County was $233,950, according to National Association of Realtors. That was up 33.3% from May 2020. The median days on market in May was 57, down from 81 in May 2020. As of June 2021, there were 3,356 homes listed for sale in Mohave County (Mohave County, AZ Real Estate Market).
NEW HOME CONSTRUCTION: In 2020, building permits were issued for 1,288 new single-family homes in Mohave County, up 22.8% from 2019. New home permits in 2020 were at a record high (with records back to 2007). The average permit value in 2020 was $210,355, down 2.1% from the year prior.
Mohave New Residential Construction (building permits & valuation) (2007-current) (xlsx)
DownloadIn 2020, visits to Lake Mead in Mohave County were up 57.3%, while visits to Lake Havasu were up 22.3%. Visits to Cattail Cove were up 5.0%, while Pipe Spring visits were down 61.3%.
According to research by Dean Runyan Associates for Arizona Office of Tourism, Mohave County's travel industry (including business and leisure travel) generated $521.3 million in direct spending in 2020, down 21.8% from 2019. Mohave County's travel industry supported 5,600 jobs (down 12.8%) countywide with earnings of $170.7 million (down 5.1%) in 2020, according to the study.
Check out Arizona Office of Tourism for research and marketing resources for the Arizona tourism industry.
In 2020, bank deposits in Mohave County (as of June 30) were up 21.2% from 2019 - its fastest rate of growth on record (with records back to 1994). Deposits were helped along by the first round of COVID stimulus payments, which went out beginning in April 2020.
Mohave Bank Deposits (1994-current) (xlsx)
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