Phoenix, AZ 

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Economy in Phoenix, AZ

Phoenix, Arizona is an ideal place for those looking to move due to its affordability. The average 2-bedroom rent in Phoenix is $1,770, which is much lower than the US average of $1,430. Additionally, Phoenix has a low grocery cost index of 97 versus 100 in the US. This makes living costs more budget friendly for those who choose to live in Phoenix.
This desert oasis offers plenty of activities and attractions for those looking for an exciting social life. Companies like Amazon and Microsoft have recently opened offices in the area, making it an attractive destination for tech professionals and startups alike. Those looking for outdoor activities can explore the nearby Sonoran Desert with its diverse ecosystem or take a hike up Camelback Mountain. Popular shopping centers like the Biltmore Fashion Park and Scottsdale Quarter provide endless options for dining or entertainment experiences.
In summation, Phoenix offers a unique mix of modern city life balanced with natural beauty and affordability that make it a great option for potential renters who are looking for an exciting lifestyle at an affordable price tag.

Phoenix has an unemployment rate of 6.6%. The US average is 6.0%.

Phoenix has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 48.2%, which is higher than the US average of 33.5%.

Tax Rates for Phoenix
- The Sales Tax Rate for Phoenix is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Phoenix 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 Phoenix
- The average income of a Phoenix resident is $24,057 a year. The US average is $28,555 a year.
- The Median household income of a Phoenix resident is $64,927 a year. The US average is $69,021 a year.


  ECONOMYPhoenix, ArizonaUnited States
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    Reviews for Phoenix    446 Reviews
    Microcosm of the Valley. Building Back Better. - 11/16/2023
    Phoenix Arizona represents a lot of problems with Arizona but it is the big city which has to carry more burdens than the rest of the greater Phoenix Area. 1.... Read More

    Start Your Review of Phoenix

    I pity anyone who wants to move here. - 4/15/2022
    I have lived here my whole life and it used to be not be as busy as it is. It used to be a state where old people would retire in this state and used to be cheap. To put... Read More

    Never again - 8/27/2021
    I've lived here for a year. I lived in South Mountain. There's a lot of homeless people, a lot ot trash in the alleys, a lot of pot holes, no infrastructure, flash... Read More

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