Tonopah, NV Economy


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Tonopah, NV is a small town located in Nye County off the US highway. It is a great place for those looking to settle in an area with a low cost of living. The average rent for a two bedroom apartment in Tonopah is $1,040 compared to the US average of $1,430. Additionally, the grocery cost index is 96 compared to 100 in the US. Local companies include Tonopah Historic Mining Park and Mizpah Hotel while some popular attractions include Big Smoky Valley Historical Museum and Central Nevada Museum. With its low cost of living and interesting sites to explore, Tonopah, NV is certainly worth consideration for anyone looking to relocate.

Tonopah has an unemployment rate of 5.7%. The US average is 6.0%.

Tonopah has seen the job market increase by 3.0% over the last year. Future job growth over the next ten years is predicted to be 35.3%, which is higher than the US average of 33.5%.

Tax Rates for Tonopah
- The Sales Tax Rate for Tonopah is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Tonopah is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Tonopah
- The average income of a Tonopah resident is $22,783 a year. The US average is $28,555 a year.
- The Median household income of a Tonopah resident is $33,144 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyTonopah, NevadaUnited States
  5.76
  -4.4%-6.2%
  35.3%33.5%
  7.6%6.2%
  0.0%4.6%
  $28,826$37,638
  $33,144$69,021
  $34,122$85,028
  Population by Occupation
  0.0%1.2%
  8.4%0.5%
  9.6%6.8%
  0.0%10.0%
  0.0%2.5%
  18.5%11.0%
  12.5%4.8%
  3.4%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  5.5%7.6%
  0.0%0.1%
  0.0%4.2%
  8.2%9.3%
  0.0%14.0%
  15.4%2.1%
  13.2%7.0%
  0.0%4.8%
  5.4%4.7%
Reviews for Tonopah
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Over 13 years ago

Tonopah sits in the middle of the lower part of the state, almost equal distance between Reno and Las Vegas in the high desert. The town itself isn't much to look at,  More

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