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 2021 was 5.5% (down from 9.7% in 2020, the first year of the COVID pandemic). At the peak of COVID business closures, the unemployment rate in Mohave County hit a high of 19.4% in April 2020. Mohave County’s unemployment rate of 5.5% in 2021 was higher than the statewide rate of 4.9% and the nationwide rate of 5.3%.
NONFARM PAYROLL EMPLOYMENT: Mohave County gained 2,400 jobs in 2021 for annual job growth of 4.7%. The private sector added 2,600 jobs (6.0%) and the government sector lost 200 jobs (-2.5%). In the private sector, goods-producing jobs were up by 400 (6.0%) while service jobs grew by 2,200 (6.0%).
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 2020, Mohave had a per capita personal income (PCPI) of $36,529. This
PCPI ranked 12th in the state and was 74% of the state average,
$49,648, and 61% of the national average, $59,510. The 2020 PCPI
reflected an increase of 6.6% from 2019. The 2019-2020 state change
was 8.4% and the national change was 6.2%. In 2010, the PCPI
of Mohave was $25,923 and ranked 12th in the state. The 2010-2020
compound annual growth rate of PCPI was 3.5%. The compound
annual growth rate for the state was 3.9% and for the nation was 3.9
percent .
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 2021, Mohave County's retail sales were up 14.3%, on the heels of 14.4% growth in 2020. Mohave County's restaurant & bar sales were up 25.5% in 2021, after declining less than 0.1% in 2020. Hotel/motel receipts were up 44.5% in 2021, following a 10.3% jump in 2020.
Mohave Major Industry Sales (2009-current) (xlsx)
DownloadIn 2020, Mohave County produced $6,036,445 in current-dollar total GDP*. This GDP ranked 7th in the state and accounted for 1.6% of the state total. In 2010, the total GDP of Mohave County was $4,456,434 and ranked 7th in the state. In 2020, Mohave County real GDP grew 0.8%; the 2019-2020 state change was -1.0%. The 2010-2020 compound annual growth rate for Mohave County real GDP was 1.0%; the compound annual growth rate for the state was 2.1%.
*GDP estimates are in thousands of dollars.
Mohave Gross Domestic Product (by Industry) (2001-current) (xlsx)
DownloadHOME PRICES & DAYS ON MARKET: In March 2022, the median price of homes sold in Mohave County was $369,900, according to National Association of Realtors. That was up 16.2% from March 2021. The median days on market in March was 53, up from 52 in March 2021. As of May 2022, there were 4,469 homes listed for sale in Mohave County, up from 3,356 in June 2021 (Mohave County, AZ Real Estate Market).
NEW HOME CONSTRUCTION: In 2021, building permits were issued for 1,541 new single-family homes in Mohave County, up 19.6% from 2020. New home permits in 2021 were at a record high (with records back to 2007). The average permit value in 2021 was $217,966, up 3.6% from the year prior.
Mohave New Residential Construction (building permits & valuation) (2007-current) (xlsx)
DownloadIn 2021, visits to Lake Mead in Mohave County fell 13.2%, following an increase of 57.3% in 2020. Visits to Lake Havasu were down 17.8% in 2021, following a 22.5% jump in 2020. Visits to Cattail Cove were down 18.5% in 2021, after increasing 5.0% in 2020. Pipe Spring visits were up 126.2% in 2021, following a 61.3% COVID-related decline in 2020.
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 2021, bank deposits in Mohave County (as of June 30) were up 19.6% from 2020. That was on the heels of a 21.2% gain the year prior - its fastest rate of growth on record (with records back to 1994). Deposits in 2020 and 2021 were helped along by COVID stimulus payments and programs.
Mohave Bank Deposits (1994-current) (xlsx)
Download