Elko County, Nevada: commercial real estate data.
Elko County, Nevada has a population of 54,047 across 17,170 square miles, up 1.2 percent since the 2020 census base. County output reached $3.99 bn in 2024, 1,185 establishments operate here, and the SBA record carries 59 7(a) approvals worth $29.7 m.
123 sourced county values · tier FULL · 11 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Elko County
How many people live in Elko County
- Population54,047
- Households19,627
- Average household size2.75
- Median household income$86,487
- Median age35.7
- Median gross rent$1,164 per month
- Median owner-occupied home value$301,400
- Home value to household income3.5 times
- Annual rent as a share of median income16.2 percent
- Adults 25 and over with a bachelor degree or higher17.8 percent
- Adults 25 and over with a graduate degree6.1 percent
- Adults 25 and over35,210
- Population under 1814,286
- Share under 1826.4 percent
- Population 65 and over7,101
- Share 65 and over13.1 percent
- Working age population, 18 to 6432,660
- Civilian labor force27,787
- Unemployment rate4.5 percent
- Labor force participation, adults 18 and over69.9 percent
- Rank by population among Nevada counties6th of 17
- Rank by population among US county-equivalents960th
Elko County is the 6th largest of 17 Nevada counties by population. A median home costs 3.5 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 26.4 percent against 13.1 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Elko County
Is Elko County's population growing?
- Population change since the 2020 census base1.23 percent
- Census 2020 base population53,703
- Births, 2024540
- Deaths, 2024489
- Natural change, 202451
- Net domestic migration, 2024-210
- Net international migration, 2024135
- Total net migration, 2024-75
- Cumulative net domestic migration, 2021 to 2024-42
- Rank by growth among US county-equivalents1408th
The county has grown 1.23 percent since the 2020 census base. Births exceeded deaths in 2024 but more people left than arrived, so the population is being sustained internally rather than attracting.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Elko County
Where are people moving to Elko County from?
- Tax returns filed by households arriving1,435
- People arriving, from those returns2,740
- Adjusted gross income arriving$88.0 m
- Net adjusted gross income movement$0
- Average income of an arriving household$61,298
- Largest single originElko County Non-migrants (19,066 households)
- Largest single destination (19,066 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Elko County Non-migrants | 19,066 | 41,976 | $1.65 bn |
| Other flows - Different State | 804 | 1,525 | $48.0 m |
| Other flows - West | 575 | 1,124 | $34.8 m |
| Clark County | 127 | 248 | $7.3 m |
| Other flows - South | 125 | 232 | $7.2 m |
| Washoe County | 117 | 221 | $7.4 m |
| Other flows - Midwest | 83 | 138 | $4.8 m |
| Other flows - Same State | 79 | 175 | $5.9 m |
The largest single source of arrivals is Elko County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Elko County
What is the Elko County economy?
- County GDP, 2024$3.99 bn
- County GDP, 2023$3.55 bn
- GDP change, 2023 to 202412.7 percent
- GDP change over five years37.4 percent
- Rank by GDP among Nevada counties5th
- Rank by GDP among US county-equivalents812th
- GDP per resident$73,912
Output grew 12.7 percent in the latest year and 37.4 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Elko County
Largest employers in Elko County
- Covered employment, annual average22,205
- Establishments reporting1,413
- Average annual pay$64,165
- Average weekly wage$1,234
- Sector 72, employment4,765
- Sector 72, average annual pay$34,930
- Sector 44-45, employment2,638
- Sector 44-45, average annual pay$39,275
- Sector 62, employment1,811
- Sector 62, average annual pay$58,961
- Sector 21, employment1,656
- Sector 21, average annual pay$113,371
- Sector 23, employment1,598
- Sector 42, employment1,421
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 72 | 4,765 | 150 | $34,930 |
| Sector 44-45 | 2,638 | 159 | $39,275 |
| Sector 62 | 1,811 | 132 | $58,961 |
| Sector 21 | 1,656 | 46 | $113,371 |
| Sector 23 | 1,598 | 127 | $80,813 |
| Sector 42 | 1,421 | 103 | $110,251 |
| Sector 48-49 | 689 | 52 | $72,277 |
| Sector 54 | 685 | 131 | $73,723 |
The largest sector is the biggest private employer group at 4,765 jobs, 21.5 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Elko County
How many businesses are in Elko County?
- Establishments, all industries1,185
- Employment at those establishments21,652
- Annual payroll$1.47 bn
- Establishments per 1,000 residents21.9
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Elko County
Building permits in Elko County
- Housing units authorised by permit, 2024122
- Declared construction value permitted$32.0 m
- Single family units authorised122
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$262,584
- Units authorised per 1,000 households6.2
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Elko County
SBA loans in Elko County (7(a) and 504)
- 7(a) approvals recorded59
- 7(a) gross approval dollars$29.7 m
- Average 7(a) approval$503,210
- Median 7(a) approval$243,600
- 10th percentile approval$20,000
- 90th percentile approval$1,350,000
- Largest single approval$2,945,100
- Jobs reported supported, 7(a)495
- Jobs per approval8.4
- Distinct 7(a) lenders active27
- Distinct industries receiving approvals43
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer33.9 percent
- Loans on real estate terms20
- Loans on working capital terms, 120 months or shorter36
- Franchise loans9
- Franchise share of approvals15.3 percent
- Leading industry by approval countHotels (except Casino Hotels) and Motels (6)
- Most active lenderU.S. Bank, National Association (13)
- 504 approvals recorded28
- 504 gross approval dollars$19.2 m
- Average 504 approval$685,821
- Median 504 approval$367,000
- Distinct CDCs active3
- 504 jobs per approval6.7
- 504 jobs per million dollars approved9.8
- Most active CDCNevada State Development Corporation (22)
- 7(a) share of SBA approvals67.8 percent
- Combined SBA approval dollars$48.9 m
The average approval of $503,210 sits well above the median of $243,600, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. 33.9 percent of approvals run on real estate terms of 240 months or more, so this is a market where SBA credit is buying buildings, not just funding operations.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Elko County
SBA loan default and charge-off rates in Elko County
Do SBA loans in Elko County get paid back?
- Loans with a final outcome recorded16
- Paid in full15
- Charged off1
- Charge off rate on resolved loans6.3 percent
- Status: Paid in full15
- Status: Cancelled7
- Status: Exempt from disclosure35
- Status: Charged off1
- Status: Committed, not yet disbursed1
Of the 16 loans that have reached a final outcome, 6.3 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Elko County
SBA lending by place in Elko County
- Places in the county with recorded lending6
- ELKO, approvals38
- SPRING CREEK, approvals8
- WELLS, approvals6
- CARLIN, approvals5
- Winnemucca, approvals1
- LOGAN, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| ELKO | 38 | $16,738,700 |
| SPRING CREEK | 8 | $1,591,100 |
| WELLS | 6 | $4,380,000 |
| CARLIN | 5 | $5,869,600 |
| Winnemucca | 1 | $910,000 |
| LOGAN | 1 | $200,000 |
ELKO accounts for 38 approvals against 8 in SPRING CREEK. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Elko County
How large is Elko County?
- Land area17,170 sq mi
- Rank by land area among Nevada counties2nd of 17
- Width, east to west154.1 mi
- Height, north to south130 mi
- Geographies sharing a boundary4
- Residents per square mile of land3
- Establishments per square mile0.07
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Elko County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Elko County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population54,047
- Households19,627
- Average household size2.75
- Median household income$86,487
- Median age35.7
Common questions
Elko County questions, answered from the record.
How many people live in Elko County, Nevada?
54,047, in 19,627 households, ranking 6th of 17 Nevada counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Elko County's population growing?
The population has grown 1.23 percent since the 2020 census base. In 2024 there were 540 births against 489 deaths, with net migration of -75. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Elko County?
$86,487. The median owner-occupied home is valued at $301,400, which is 3.5 times income, and median gross rent is $1,164 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Elko County?
1,185 establishments, employing 21,652 people with an annual payroll of $1.47 bn. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Elko County?
Average annual pay is $64,165, or $1,234 a week, across 22,205 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Elko County?
59 7(a) approvals totalling $29.7 m since FY2020, across 27 lenders, with a median approval of $243,600, plus 28 504 approvals worth $19.2 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Elko County get paid back?
Of the 16 loans that have reached a final outcome, 15 were paid in full and 1 charged off, a charge off rate of 6.3 percent. Loans still running are excluded, because they have not yet succeeded or failed.
How many building permits were issued in Elko County?
122 housing units were authorised by permit in 2024, with a declared construction value of $32.0 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Elko County?
Zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Elko County come from?
The largest single origin is Elko County Non-migrants, with 19,066 households. Arriving households report an average income of $61,298 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Elko County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Elko County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.
Elko County
Cities and places in Elko.
11 Census places lie wholly or partly in Elko County. 10 carry enough published place level data for a page of their own and are linked. The rest are named here and not linked, because the American Community Survey and the SBA record between them do not carry enough about them to write an honest page. A place existing is itself worth knowing, so nothing in the county is left out.
| Place | Type | Population | SBA approvals | Lies in |
|---|---|---|---|---|
| Elko | city | 20,696 | 38 | Wholly in this county |
| Spring Creek | CDP | 14,739 | 8 | Wholly in this county |
| West Wendover | city | 4,514 | None recorded | Wholly in this county |
| Carlin | city | 2,088 | 5 | Wholly in this county |
| Jackpot | CDP | 1,415 | None recorded | Wholly in this county |
| Wells | city | 1,352 | 6 | Wholly in this county |
| Osino | CDP | 1,341 | None recorded | Wholly in this county |
| Owyhee | CDP | 647 | None recorded | Wholly in this county |
| Montello | CDP | 80 | None recorded | Wholly in this county |
| Mountain City | CDP | 16 | None recorded | Wholly in this county |
| Lamoille | CDP | 0 | None recorded | Wholly in this county |
A further 2 SBA approvals in Elko County are recorded against borrower cities that match no Census place, the largest being Logan, Maple Grove. Those are postal cities and unincorporated areas rather than incorporated places, so no page claims them, and their lending is counted in this county's totals above rather than under any city.