Phoenix, Arizona 

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Economy in Phoenix, Arizona

Phoenix has an unemployment rate of 5.5%. The US average is 5.2%.

Phoenix has seen the job market increase by 3.2% over the last year. Future job growth over the next ten years is predicted to be 40.8%, which is higher than the US average of 38.0%.

Tax Rates for Phoenix
- The Sales Tax Rate for Phoenix is 8.6%. The US average is 6.0%.
- The Income Tax Rate for Phoenix is 3.4%. The US average is 4.6%.

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 $46,881 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

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  ECONOMYPhoenix, ArizonaUnited States
  Unemployment Rate5.5%5.2%
  Recent Job Growth3.2%1.6%
  Future Job Growth40.8%38.0%
  Sales Taxes8.6%6.0%
  Income Taxes0.03360.046
  Income per Cap.$24,057$28,555
  Household Income$46,881$53,482
  Family Median Income$53,976$65,443
  POPULATION BY OCCUPATION
  Agriculture, forestry, fishing, hunting0.4%1.3%
  Mining, quarrying, oil and gas extraction0.1%0.6%
  Construction7.6%6.2%
  Manufacturing7.4%10.4%
  Wholesale trade2.7%2.7%
  Retail trade11.6%11.6%
  Transportation and warehousing4.4%4.1%
  Utilities00
  Information2.0%2.1%
  Finance and insurance7.3%4.7%
  Real estate, rental, leasing2.4%1.9%
  Professional, scientific, technical services6.7%6.7%
  Management of companies0.1%0.1%
  Administrative, support, waste mgt svcs7.3%4.3%
  Educational services7.4%9.3%
  Health care and social assistance12.2%13.8%
  Arts, entertainment, recreation2.0%2.2%
  Accommodation, food services8.7%7.4%
  Other services5.3%4.9%
  Public administration3.8%4.8%
ECONOMY MAP
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    Reviews for Phoenix    419 Reviews
    The One Positive Review I Know. - 10/26/2018
    I want to start off saying that I think James from Tempe did a very thorough analytical look at what life is like in Phoenix---or Tempe, as that's where he's a current... Read More

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    Detroit in the desert meets mad max - 9/18/2018
    I've lived in AZ for 8 years now and I absolutely do NOT recommend moving here, a fools paradise indeed!! first, let me start off by saying what everyone else is saying:... Read More

    Why live in Phoenix? - 9/8/2018
    I lived in Phoenix for over 13 years, my husband was born and raised in Buckeye. Let's not forget the MAJOR COMPLAINT of living in Phoenix (or most parts of AZ): HEAT.... Read More


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