Economy in Arizona

Arizona State is an exciting and vibrant place to live. Located in the Southwest United States, Arizona offers a variety of amazing attractions and activities for its residents. The cost of living in Arizona is lower than the national average; 2 bedroom rent averages around $1,550 while the US average is only $1,430. Grocery cost index in Arizona stands at 96 compared to 100 in the US. There are many great local companies that offer affordable goods and services such as Fry's Food Stores which offers competitive prices on groceries and household items as well as Walmart where shoppers can find even better discounts on a variety of products. Additionally, there are plenty of locally owned restaurants throughout the state that serve up delicious food at reasonable prices. All these factors make Arizona an ideal place to call home!

Arizona has an unemployment rate of 6.5%. The US average is 6.0%.

Arizona has seen the job market increase by 2.9% over the last year. Future job growth over the next ten years is predicted to be 41.8%, which is higher than the US average of 33.5%.

Tax Rates for Arizona
- The Sales Tax Rate for Arizona is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Arizona 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 Arizona
- The average income of a Arizona resident is $25,537 a year. The US average is $28,555 a year.
- The Median household income of a Arizona resident is $65,913 a year. The US average is $69,021 a year.