Zip 85008 (Phoenix, AZ) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
The 2 Bedroom Rent in 85008 Phoenix, AZ is $1,580 which is slightly more than the national average of $1,430. The Grocery Cost Index of this area is 97 compared to the US average of 100. This means that groceries and other food items are slightly cheaper in 85008 Phoenix, AZ when compared to the national average. Local companies in 85008 Phoenix, AZ include Fry's Food Store, Bashas' Supermarkets, Sprouts Farmers Market and Safeway which offer great prices on fresh produce and other grocery items. Shopping for groceries in 85008 Phoenix is a great way to save money as there are many local companies offering discounts to their customers.

Phoenix (zip 85008) has an unemployment rate of 6.6%. The US average is 6.0%.

Phoenix (zip 85008) 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 (zip 85008)
- The Sales Tax Rate for Phoenix (zip 85008) is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Phoenix (zip 85008) 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 (zip 85008)
- The average income of a Phoenix (zip 85008) resident is $16,563 a year. The US average is $28,555 a year.
- The Median household income of a Phoenix (zip 85008) resident is $51,351 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPhoenix, ArizonaUnited States
  6.66
  -2.0%-6.2%
  48.2%33.5%
  8.6%6.2%
  3.4%4.6%
  $25,231$37,638
  $51,351$69,021
  $54,656$85,028
  Population by Occupation
  0.5%1.2%
  0.0%0.5%
  9.3%6.8%
  4.0%10.0%
  2.9%2.5%
  12.1%11.0%
  4.5%4.8%
  0.5%0.8%
  1.4%1.9%
  6.7%4.7%
  2.1%1.9%
  5.5%7.6%
  0.3%0.1%
  10.7%4.2%
  6.3%9.3%
  11.2%14.0%
  2.3%2.1%
  12.4%7.0%
  5.0%4.8%
  2.4%4.7%
Health