Maricopa, AZ is an affluent city located 30 miles south of Phoenix. The city is home to many popular companies such as Intel, Coca-Cola, and Amazon, which contribute to its thriving economy. With these large companies come higher salaries and wages which contribute to the higher cost of living compared to the rest of the United States. According to research done by C2ER in 2018, the rent for a 2 bedroom apartment in Maricopa comes out to $2,130 compared to $1,430 for a similar rental in other parts of the US. Additionally, the grocery cost index for Maricopa was 96 versus 100 in other parts of the country suggesting that even basic goods are more expensive than elsewhere. This could be attributed to taxes or even supply and demand. All things considered, this suggests that living costs are indeed higher in Maricopa as opposed to other parts of America.
Maricopa has an unemployment rate of 6.8%. The US average is 6.0%.
Maricopa has seen the job market increase by 3.1% over the last year. Future job growth over the next ten years is predicted to be 34.1%, which is higher than the US average of 33.5%.
Tax Rates for Maricopa
- The Sales Tax Rate for Maricopa is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Maricopa is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Maricopa
- The average income of a Maricopa resident is $25,222 a year. The US average is $28,555 a year.
- The Median household income of a Maricopa resident is $82,388 a year. The US average is $69,021 a year.