Phoenix, AZ is a bustling city located in Maricopa County with an estimated population of 1.68 million. It is known for its beautiful desert landscape and many cultural attractions. The 2 bedroom rent in Phoenix is $2,520, while the US average stands at $1,430. The grocery cost index in Phoenix is also 100 versus 100 on the national level. There are many large companies that call Phoenix home including Banner Health, U-Haul International Inc., APS Energy, and Freeport-McMoRan Copper & Gold Inc. People choose to live in Phoenix due to its great weather all year round, a low cost of living compared to other major cities in the US, and an abundance of outdoor activities like hiking trails and golf courses. Additionally, there are plenty of entertainment options from sporting events to art galleries and museums that appeal to retirees as well as young professionals alike.
Phoenix (zip 85050) has an unemployment rate of 6.6%. The US average is 6.0%.
Phoenix (zip 85050) 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 85050)
- The Sales Tax Rate for Phoenix (zip 85050) is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Phoenix (zip 85050) 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 85050)
- The average income of a Phoenix (zip 85050) resident is $39,358 a year. The US average is $28,555 a year.
- The Median household income of a Phoenix (zip 85050) resident is $113,020 a year. The US average is $69,021 a year.