Central, AZ Economy


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Central, AZ is a great place to live! It offers many of the same amenities as other cities, but with much lower living expenses. The average 2 bedroom rent in Central is $1,040, much lower than the national average of $1,430. Additionally, grocery prices here are lower than the US average as well with an index score of 98 compared to 100. Central features local businesses such as Valley Mart Supermarket and Central Plaza Shopping Center. The city also has many attractions such as Central Park and the Central Museum of History. With its low cost of living and abundance of activities, Central is an attractive option for those looking for a new home.

Central has an unemployment rate of 5.4%. The US average is 6.0%.

Central has seen the job market increase by 3.4% over the last year. Future job growth over the next ten years is predicted to be 33.1%, which is lower than the US average of 33.5%.

Tax Rates for Central
- The Sales Tax Rate for Central is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Central 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 Central
- The average income of a Central resident is $33,301 a year. The US average is $28,555 a year.
- The Median household income of a Central resident is $83,741 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCentral, ArizonaUnited States
  5.46
  1.7%-6.2%
  33.1%33.5%
  6.6%6.2%
  3.4%4.6%
  $45,382$37,638
  $83,741$69,021
  $88,500$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  8.3%6.8%
  0.0%10.0%
  2.4%2.5%
  12.5%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  8.3%9.3%
  51.7%14.0%
  9.7%2.1%
  0.0%7.0%
  6.9%4.8%
  0.0%4.7%
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