Zip 85054 (Phoenix, AZ) Economy


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Phoenix, AZ 85054 is a great place to live with affordable 2 bedroom rent of $2,400. This is lower than the average 2 bedroom rent of $1,430 in the US. Furthermore, grocery cost index is 101 versus 100 in the US, which means groceries are slightly more expensive in Phoenix compared to the average cost nationwide. There are plenty of amenities available for residents living in Phoenix. Local companies include Banner Health Network, State Farm Insurance Companies, Apollo Group Inc., Avnet Inc., and PetSmart Inc., among many others. In addition to these businesses, there are plenty of recreational activities such as hiking trails at South Mountain Park and golfing at Papago Golf Course. There is also a variety of restaurants offering cuisine from all around the world. With its close proximity to attractions such as Camelback Mountain and Tempe Town Lake, Phoenix has something for everyone!

Phoenix (zip 85054) has an unemployment rate of 6.6%. The US average is 6.0%.

Phoenix (zip 85054) has seen the job market decrease by -2.0% 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 85054)
- The Sales Tax Rate for Phoenix (zip 85054) is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Phoenix (zip 85054) 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 85054)
- The average income of a Phoenix (zip 85054) resident is $66,088 a year. The US average is $37,638 a year.
- The Median household income of a Phoenix (zip 85054) resident is $90,510 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPhoenix, ArizonaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Reviews for Phoenix
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Over 18 years ago

A great community of shops, condos, and resturants are coming  More

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