Last Updated :
-
August 31, 2020
Nevada Employment Statistics- 81,132 employers
- 1,370,984 employees
- $962 average weekly wage
- The average weekly wage is 12.6% below the national average
- The cost of living is 8.3% above the national average
Types of Employers (Private Sector vs Government Agency)
As an employer in Nevada, you are most likely to be running a private company rather than a government agency. 98.4% of employers run private companies in the state, BIGGER1.4% greater than the national average of 97.0. The remaining 1.6% of employers are government agencies: 0.4% work in a federal agency, 0.8% work for the state and 0.4% work for local government. The chart below illustrates the breakout of employers by type.
88.7% of employees work for a private company, this is 3.5% greater than the national average of 85.2%. Local government agencies employ 7.4% of the workers in the state, state government agencies employ 2.6% of the workers and the federal government employs 1.4%. The percentage of employees working for a government agency (11.3%) is 3.5% lower than the national average. The chart below illustrates the breakout of employees by type of employer.
The average weekly wage in Nevada is $962 per week, which is 12.6% greater than the national average of $1,101 per week. Nevada workers that are employed by private businesses earn $941 per week, 14.5% lower than the national average for private company employees. Employees of federal government agencies in Nevada earn $1,426 per week, a premium of 51.5% compared to what employees of private companies earn. The chart below illustrates the average weekly by type of employer.
Leading Sectors
Businesses by Sector
The sector with the greatest number of businesses in the state is Professional services with 14.3% of the businesses in the state. Retail trade (10.5%) and Healthcare (9.6%) round out the top 3 sectors.
Table: Sectors by # of Businesses
| Sector | # Businesses | % of Bus. |
|---|
| Professional services | 11,601 | 14.3% |
| Retail trade | 8,486 | 10.5% |
| Healthcare | 7,768 | 9.6% |
| Accommodation and food services | 6,642 | 8.2% |
| Waste services | 6,355 | 7.8% |
| Construction | 5,913 | 7.3% |
| Other services | 5,059 | 6.2% |
| Wholesale trade | 5,052 | 6.2% |
| Real estate and rental | 4,555 | 5.6% |
| Finance and insurance | 4,523 | 5.6% |
| Unclassified | 2,450 | 3.0% |
| Transport and warehousing | 2,183 | 2.7% |
| Manufacturing | 2,065 | 2.5% |
| Company management | 1,957 | 2.4% |
| Arts and entertainment | 1,824 | 2.2% |
| Information | 1,536 | 1.9% |
| Educational services | 1,113 | 1.4% |
| Agriculture and forestry | 393 | 0.5% |
| Mining and oil extraction | 245 | 0.3% |
| Utilities | 125 | 0.2% |
Employees by Sector
The sector with the greatest number of employees in the state is
Accommodation and food services with 23.3% of the employees in the state.
Retail trade (10.8%) and
Healthcare (9.2%) round out the top 3 sectors.
Table: Sectors by # of Employees
| Sector | # Employees | % of Emp' |
|---|
| Accommodation and food services | 319,154 | 23.3% |
| Retail trade | 147,575 | 10.8% |
| Healthcare | 125,488 | 9.2% |
| Waste services | 104,378 | 7.6% |
| Construction | 89,116 | 6.5% |
| Transport and warehousing | 65,453 | 4.8% |
| Professional services | 59,297 | 4.3% |
| Manufacturing | 55,370 | 4.0% |
| Wholesale trade | 37,165 | 2.7% |
| Finance and insurance | 35,927 | 2.6% |
| Other services | 34,930 | 2.5% |
| Arts and entertainment | 32,988 | 2.4% |
| Real estate and rental | 27,320 | 2.0% |
| Company management | 26,778 | 2.0% |
| Information | 15,599 | 1.1% |
| Mining and oil extraction | 14,546 | 1.1% |
| Educational services | 13,439 | 1.0% |
| Agriculture and forestry | 4,788 | 0.3% |
| Utilities | 4,076 | 0.3% |
| Unclassified | 2,657 | 0.2% |
Average Weekly Wage by Sector
The sector that pays their employees the highest is
Company management paying $2,648per week compared with the state average of $941.
Utilities ($2,140) and
Mining and oil extraction ($1,874) round out the top 3 sectors.
Table: Wages by Sector
| Sector | Wkly Wage | vs St Avg. |
|---|
| Company management | $2,648 | 281.4% |
| Utilities | $2,140 | 227.4% |
| Mining and oil extraction | $1,874 | 199.1% |
| Finance and insurance | $1,516 | 161.1% |
| Wholesale trade | $1,491 | 158.4% |
| Unclassified | $1,457 | 154.8% |
| Professional services | $1,454 | 154.5% |
| Information | $1,349 | 143.4% |
| Construction | $1,176 | 125.0% |
| Manufacturing | $1,126 | 119.7% |
| Healthcare | $1,061 | 112.8% |
| Real estate and rental | $973 | 103.4% |
| Transport and warehousing | $928 | 98.6% |
| Educational services | $861 | 91.5% |
| Agriculture and forestry | $743 | 79.0% |
| Other services | $721 | 76.6% |
| Arts and entertainment | $693 | 73.6% |
| Waste services | $661 | 70.2% |
| Accommodation and food services | $643 | 68.3% |
| Retail trade | $618 | 65.7% |
Leading Industries
Businesses by Industry
Each broad sector is made up of specific industries. In Nevada. the industry with the most businesses is
Restaurants and other eating places with 6.5% of the businesses in the state (with 5,280 employing 114,455 workers).
Computer systems design and related services (3.0%) and
Unclassified (3.0%) round out the top 3 industries. The Top 10 Industries in the state are:
| Industry | # Businesses | Emp/Biz |
|---|
| Restaurants and other eating places | 5,280 | 21.7 |
| Computer systems design and related services | 2,467 | 3.1 |
| Unclassified | 2,450 | 1.1 |
| Offices of physicians | 2,430 | 8.5 |
| Management of companies and enterprises | 1,957 | 13.7 |
| Management consulting services | 1,879 | 2.2 |
| Offices of lawyers | 1,691 | 5.3 |
| Accounting and bookkeeping services | 1,543 | 4.7 |
| Offices of real estate agents and brokers | 1,520 | 3.8 |
| Wholesale trade agents and brokers | 1,363 | 2.5 |
Employees by Industry
The industry with the greatest number of employees in the state is
Casino hotels with 12.6% of the businesses in the state. The industry employs 173,331 in 149 businesses, there are 1,163.3 employees on average in each of these businesses.
Restaurants and other eating places (8.3%) and
General medical and surgical hospitals (2.1%) round out the top 3 industries.
Table: Industries by # of Employees
| Industry | # Emp | Emp/Biz |
|---|
| Casino hotels | 173,331 | 1,163.3 |
| Restaurants and other eating places | 114,455 | 21.7 |
| General medical and surgical hospitals | 28,108 | 878.4 |
| Management of companies and enterprises | 26,778 | 13.7 |
| Temporary help services | 23,332 | 29.7 |
| Offices of physicians | 20,707 | 8.5 |
| General warehousing and storage | 20,655 | 45.8 |
| Supermarkets and other grocery stores | 20,397 | 70.6 |
| General merchandise stores including warehouse clubs and supercenters | 16,642 | 71.1 |
| Hotels and motels except casino hotels | 16,474 | 38.0 |
Average Weekly Wage by Industry
The industry that pays their employees the most is
Securities brokerage, paying $3,826 compared with the state average of $941.
Investment banking and securities dealing ($3,793) and
Dance companies ($3,590) round out the top 3 industries.
Table: Wages by Industry
| Industry | Wkly Wage | % of Avg |
|---|
| Securities brokerage | $3,826 | 406.6 |
| Investment banking and securities dealing | $3,793 | 403.1 |
| Dance companies | $3,590 | 381.5 |
| Druggists' goods merchant wholesalers | $3,512 | 373.2 |
| Computer and software merchant wholesalers | $3,299 | 350.6 |
| Fishing | $3,189 | 338.9 |
| Portfolio management | $3,155 | 335.3 |
| Motion picture and video distribution | $2,850 | 302.9 |
| Spectator sports | $2,745 | 291.7 |
| Reinsurance carriers | $2,676 | 284.4 |
Company Size
Nevada Businesses by Size
The
solopreneur company, has the most businesses in Nevada by far. 58.3% of all businesses in the state have fewer than 5 employees. The 76,697 small businesses in the state represent 95.3% of all private businesses. The national average is 92.6%. (Small businesses have fewer than 50 employees, Solopreneurs employ fewer than 5.) The pie chart below illustrates the ratio of business sizes.
Nevada Employees by Business Size
The largest companies in the state represent 241.2% of all employees, which is 102.7% higher than the national average of 138.4%. Smallest companies also employ a lower percentage of the states workforce than the largest companies. The
solopreneur (those that employ fewer than 5) companies employ 89.0% of all workers, which is 2.5% lower than the national average of 91.5%. All small companies, those employing fewer than 50 people, represent 608.9% of the labor force in the state, 58.9% more than the national average of 550.0%.
Nevada Avg Weekly Wages by Business Size
The smallest companies in Nevada (those with fewer than 5 employees) pay workers 21.6% more than the national average ($1,244 per week as compared to the national average of $975 per week). The largest companies in Nevada (those with more than 1,000 employees) pay 79.8% workers below the national average ($1,047 per week as compared to the national average of $1,882 per week).
Data Sources
About the Writer
This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.