2024 Compare Cities Economy:
Parachute, CO vs Elko, NV

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Highlights
- Household income in Elko, is 55% more than it is in Parachute and is 14% above the National Average.
- Parachute unemployment rate is 6.0%.
- Elko unemployment rate is 3.3%.
 Parachute, COElko, NVUnited States
 Unemployment Rate6.0%3.3%6.0%
 Recent Job Growth1.8%0.4%1.6%
 Future Job Growth40.5%31.6%33.5%
 Sales Taxes3.9%7.1%6.2%
 Income Taxes4.6%0.0%4.6%
 Income per Cap.$20,332$36,406$37,638
 Household Income$51,679$80,148$69,021
 Family Median Income$52,348$92,009$85,028
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 Est. Households By Income
 Parachute, COElko, NVUnited States
 Income Less Than 15K8.3%10.0%9.4%
 Income between 15K and 20K4.5%1.6%3.8%
 Income between 20K and 30K14.3%7.8%8.1%
 Income between 30K and 40K10.4%8.7%8.0%
 Income between 40K and 50K8.1%5.8%7.6%
 Income between 50K and 60K13.9%6.4%7.2%
 Income between 60K and 75K9.6%7.6%9.6%
 Income between 75K and 100K22.0%15.0%12.8%
 Income between 100K and 150K6.6%23.1%16.3%
 Income between 150K and 200K2.3%7.2%7.8%
 Income greater than 200K0.0%6.8%9.5%
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 Population By Occupation
 Parachute, COElko, NVUnited States
 Management, business, finance3.5%10.0%16.4%
 Engineering, computers, science1.9%9.5%6.5%
 Community, social services0.0%2.4%1.8%
 Legal0.0%0.2%1.2%
 Education, library5.0%6.6%6.2%
 Arts, design, media, sports, entertainment0.0%0.2%2.0%
 Healthcare practitioners and technology0.0%4.2%6.2%
 Healthcare support5.2%0.7%3.3%
 Firefighters, law enforcement2.6%1.4%2.1%
 Food preparation, serving8.8%8.0%5.4%
 Building maintenance7.8%4.5%3.6%
 Personal care1.2%2.8%2.6%
 Sales, office, administrative support19.4%17.8%20.9%
 Farming, fishing, forestry2.7%0.9%0.6%
 Construction, extraction, maintenance/repair19.3%18.1%8.1%
 Production, transportation, material moving22.7%12.7%13.1%
Reviews for Parachute    2 Reviews

Over 9 years ago

The water rating is wrong. This water is not drinkable. I will not give it to my dog. I hate to think what it's doing to my skin and  More

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In my opinion, the Parachute area is not that great. There is nothing to do anywhere near here. I moved out here thinking I could just drive to Denver now and then to  More

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Reviews for Elko    4 Reviews

Elko is like all small Nevada towns - limited in many things and the only change as far as the eye can see are over priced housing starts, drugs and crime. I really like  More

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Over 15 years ago

Spent my teen years in Elko & my parents still live there. It is extremely isolated. Life revolves around the mining industry. The old ranching families that live  More

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Over 16 years ago

Elko has an economy that is fairly typical of mining areas, that is, boom and bust. I've lived here for about 16 or so years. It's boomed tremendously twice and busted  More

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