A Brief Overview of Bullhead City Economic Development
Conveniently situated southeast of Las Vegas, Nevada, Bullhead City, Arizona, has grown into its own as a family-oriented community and a local hub for health care. As such, the city has recently begun attracting several traveling nurses and other medical professionals eager to take advantage of the many economic opportunities the area has to offer. If you’re heading to Bullhead City, it’s important to get a good sense of the local economy—and we’re here to help.
Bullhead City at a Glance
A family community at heart, Bullhead City has grown by over 400% in the last few decades. The primary reason is the quickly growing senior population, attracted to the city’s affordable cost of living and high quality of life from other states such as California and Nevada. As a result, medical facilities and retirement-friendly industries have boomed over the past several years, making Bullhead City a perfect place to live if you’re in health care.
For young professionals, the city has no shortage of recreation and shopping opportunities, both within Bullhead City and just over the Colorado River in nearby Laughlin, Nevada. The popular gaming community attracts gambling tourists, the resort crowd, and numerous sporting event groups from all over the US, especially during the winter months. Residents and tourists alike can easily access Los Angeles, Las Vegas, and Phoenix via a network of major highways.
Despite having a slightly elevated unemployment rate at 5.9% before the 2020 economic collapse, experts predict future job growth to reach 43.4% over the next 10 years. This figure puts Bullhead City well above the national average of 33.5%. As a result, single-family home permits and business building permits are on the rise, speaking to the overall growth outlook of Bullhead City.
With a median income below the national average, the cost of living is excellent compared to several larger cities in the tri-state area. While it’s essential to consider your unique situation before deciding on a city, the factors listed above could mean that Bullhead City is right for your next traveling assignment.