Mohave County's population as of Census 2020 was 213,267, up 6.5% from 2010. Mohave County's population is expected to reach 251,321 in 2030 and 309,443 in 2060, according to projections by Arizona Office of Economic Opportunity.
UNEMPLOYMENT: Mohave County's annual unemployment rate in 2022 was 4.5%, down from 5.7% in 2021 and 9.9% in 2020, the first year of the COVID pandemic.
NONFARM PAYROLL EMPLOYMENT: Mohave County gained 1,800 jobs in 2022 for annual job growth of 3.4% (based on average monthly job numbers). The private sector added 1,700 jobs (3.7%) and the government sector grew by 100 jobs (1.3%). In the private sector, goods-producing jobs were up by 400 (5.6%) while service jobs grew by 1,300 (3.4%).
WAGES: The average annual wage in Mohave County in 2022 was $48,644 ($23.39 hourly), which was 83.0% of the Arizona statewide average wage of $58,620 ($28.18 hourly) and 78.6% of the national average wage of $61,900 ($29.76 hourly). Mohave County's average wage in 2022 was up 7.8% from 2021.
PERSONAL INCOME: In 2021, Mohave County had a per capita personal income (PCPI) of $41,331. This PCPI ranked 14th in the state and was 74.5% of the state average, $55,487, and 64.4% of the national average, $64,143. The 2021 PCPI reflected an increase of 6.8% from 2020. The 2020–2021 state change was 6% and the national change was 7.3%. In 2011, the PCPI of Mohave County was $25,960 and ranked 12th in the state. The 2011–2021 compound annual growth rate of PCPI was 4.8%. The compound annual growth rate for the state was 4.6% and for the nation was 4.1%.
GROSS DOMESTIC PRODUCT: In 2021, Mohave County produced 7,037,905 in current-dollar total GDP*. This GDP ranked 7th in the state and accounted for 1.7% of the state total. In 2011, the total GDP of Mohave County was 4,525,479 and ranked 8th in the state. In 2021, Mohave County real GDP grew 7.5%; the 2020–2021 state change was 6.3%. The 2011–2021 compound annual growth rate for Mohave County real GDP was 2.0%; the compound annual growth rate for the state was 2.7%.
*GDP estimates are in thousands of dollars.
For more info on Mohave County's personal income and GDP, check out the county's BEA Regional Fact Sheet (BEARFACTS)
MAJOR INDUSTRY SALES: In 2022, Mohave County's retail sales were up 7.8%, on the heels of record-high growth of 14.4% and 14.3% in 2020 and 2021, respectively (with records back to 2009). Mohave County's restaurant & bar sales were up 8.7% in 2022, after record-high growth of 25.5% in 2021. Hotel/motel receipts were up 10.5% in 2022, after strong growth of 16.1%, 10.3%, and 44.5% in 2019, 2020, and 2021, respectively.
BANK DEPOSITS: In 2022, bank deposits in Mohave County (as of June 30) were up 0.4% from 2021. That was on the heels of strong growth of 21.2% and 19.6% in 2020 and 2021, respectively. Deposits in recent years were helped along by COVID stimulus payments and programs.
HOME PRICES & DAYS ON MARKET: In March 2023, the median price of homes sold in Mohave County was $349,900, according to National Association of Realtors. That was down 5.4% from March 2022. The median days on market in March was 82, up from 51 in March 2022. As of May 2023, there were 4,677 homes listed for sale in Mohave County, up from 4,469 in May 2022. (Data in this section updated annually; for the most recent monthly data, visit Mohave County, AZ Real Estate Market.)
NEW HOME CONSTRUCTION: In 2022, building permits were issued for 1,962 new single-family homes in Mohave County, up 27.3% from the year prior (on the heels of a 19.6% jump in 2021). New home permits in 2022 were at a second consecutive record high (with records back to 2007). The average permit value in 2022 was $276,632, up 26.9% from the year prior, the biggest increase on record. For the most recent monthly data, click here.
According to research by Dean Runyan Associates for Arizona Office of Tourism, Mohave County's travel industry (including business and leisure travel) generated $835.7 million in direct spending countywide in 2022, up 8.9% from 2021 (the year 2021 saw a 47.0% increase, rebounding from a 21.8% COVID-related drop in 2020, the first year of the pandemic). Travel-related direct spending in 2022 was at a record high (with records back to 1998, not adjusted for inflation). Mohave County's travel industry supported 6,700 jobs countywide in 2022 (up 0.9% from the year prior) with household earnings of $231.4 million (up 6.9% from 2021), according to the study.