85016 Phoenix, AZ is a great place to live with an average 2 Bedroom rent of $1,880 and an affordable Grocery Cost Index of 99 compared to the US index of 100. Many local companies exist in 85016 Phoenix, AZ such as Avnet, Inc., Honeywell Aerospace and American Express Travel Related Services Company. These companies offer employment opportunities and help provide a strong economy in the area. Other local businesses include Banner Health and Safeway Corporation, providing further job security for those living in 85016 Phoenix, AZ. With all these great options for employment and cost of living, it's easy to see why 85016 Phoenix, AZ is a popular place to live.
Phoenix (zip 85016) has an unemployment rate of 6.6%. The US average is 6.0%.
Phoenix (zip 85016) 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 85016)
- The Sales Tax Rate for Phoenix (zip 85016) is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Phoenix (zip 85016) 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 85016)
- The average income of a Phoenix (zip 85016) resident is $33,442 a year. The US average is $28,555 a year.
- The Median household income of a Phoenix (zip 85016) resident is $71,318 a year. The US average is $69,021 a year.