Economy, jobs and prices in Arizona, United States: official figures
The economy of Arizona (gross domestic product) was worth $592.1 billion in 2025 at current prices, 1.9% of the US total of $30.86 trillion; 15th largest of 51. In current dollars it was up 4.5% on 2024.
How fast is the economy of Arizona growing?
After adjusting for inflation, real GDP in Arizona grew 1.5% in 2025, against 2.3% for the United States; 16th slowest-growing of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the GDP per capita of Arizona?
Dividing 2025 GDP by the Census Bureau's population estimate gives $77,665 of output per resident, against $90,294 for the US economy divided by the population of the 50 states and DC; 17th lowest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyIs the economy of Arizona growing or shrinking?
In the second quarter of 2026, real GDP in Arizona grew at an annual rate of 2.5% (United States: 2.2%); tied for 14th fastest-growing of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat are the main industries in Arizona?
In 2025 the largest private industry in Arizona's economy was real estate, rental and leasing (16.9% of GDP), followed by finance and insurance (9.8%) and health care and social assistance (8.5%). Government accounted for 9.7% and manufacturing for 7.4%; the manufacturing share was 16th lowest of 51 (United States: 9.5%).
Source: U.S. Bureau of Economic Analysis · saved copyHow much do people in Arizona spend?
Consumer spending (personal consumption expenditures) in Arizona came to $58,361 per person in 2025 (United States: $61,062); 25th lowest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyIs Arizona expensive to live in?
Prices in Arizona were 0.7% above the national average in 2024, by BEA's regional price parity of 100.7 (US = 100), which covers goods, services and housing; 17th most expensive of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the inflation rate in Arizona?
Prices in Arizona rose 2.6% in 2024, measured by BEA's implicit regional price deflator, against 2.6% nationally (PCE price index).
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the per capita income in Arizona?
Personal income per person in Arizona was $68,373 in 2025, against $77,028 for the United States; 17th lowest of 51. It was up 4.3% on 2024 and up 31.5% on 2020, before inflation.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the disposable income per person in Arizona?
After taxes, disposable personal income per person was $60,864 in 2025 (United States: $67,251); 18th lowest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyHow far does income go in Arizona?
Adjusted for local price levels, real personal income per person in Arizona was $52,890 in 2024 in 2017 dollars (United States: $59,195); 9th lowest of 51.
Source: U.S. Bureau of Economic Analysis · saved copyWhat is the median household income in Arizona?
Median household income in Arizona was $81,486 in 2024 (margin of error ±$684), against $81,604 for the United States; 21st highest of 51 by the point estimate. It was up 2.4% on 2023 after adjusting for inflation (American Community Survey).
Source: U.S. Census Bureau · saved copyHow unequal are incomes in Arizona?
The Gini index of household income inequality in Arizona was 0.462 in 2024 (0 means equal incomes, 1 means one household has everything; United States: 0.481); 22nd least unequal of 51.
Source: U.S. Census Bureau · saved copyWhat is the unemployment rate in Arizona?
The unemployment rate in Arizona was 4.9% in September 2026 (seasonally adjusted, preliminary), up from 4.4% a year earlier; 6th highest of 51. The rate for the 50 states and DC combined was 4.2%.
Source: U.S. Bureau of Labor Statistics · saved copyHow many people are unemployed in Arizona?
In September 2026, 179,192 people in Arizona were unemployed and 3,512,043 employed, out of a labor force of 3,691,235.
Source: U.S. Bureau of Labor Statistics · saved copyWhat was the unemployment rate in Arizona in 2025?
Over 2025 the unemployment rate in Arizona averaged 4.3% (an 11-month average: October 2025 was not collected during the federal shutdown), against 3.7% in 2024; tied for 16th highest of 51. The lowest annual rate since 1976 was 3.7% in 2007.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the average salary in Arizona?
Workers covered by unemployment insurance in Arizona were paid $72,894 on average in 2025 ($1,402 a week), up 3.5% on 2024; the US average was $78,720. That is 20th highest of 51.
Source: U.S. Bureau of Labor Statistics · saved copyHow many jobs are there in Arizona?
Employers in Arizona had an average of 3,234,783 jobs on their payrolls in 2025 across 225,937 establishments, up 0.4% on 2024 (United States: up 0.5%).
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the median wage in Arizona?
The median annual wage across all occupations in Arizona was $50,060 in May 2025 (mean $67,620); 25th highest of 51. One in ten workers earned less than $34,190 and one in ten more than $120,180.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the most common job in Arizona?
The most common occupation in Arizona in May 2025 was general and operations managers, with 110,480 workers and a median annual wage of $94,800.
Source: U.S. Bureau of Labor Statistics · saved copyWhat is the median household income in Arizona?
Median household income in Arizona was $81,404 in 2024, 21st highest among the 50 states and DC (U.S.: $81,604). In 2019 it was $62,027, so it has risen 31.2% before allowing for inflation.
Source: U.S. Census Bureau · saved copyWhat is the average rent in Arizona?
The median gross rent in Arizona, including utilities, was $1,672 a month in 2024, up 4.0% on 2023 ($1,608); 11th highest among the 50 states and DC (U.S.: $1,487).
Source: U.S. Census Bureau · saved copyWhat is the median home value in Arizona?
Homeowners in Arizona valued their homes at a median of $426,000 in 2024, up 3.6% on 2023 ($411,200); 16th highest among the 50 states and DC (U.S.: $360,600).
Source: U.S. Census Bureau · saved copyHow affordable are homes in Arizona?
The median home value in Arizona was 5.2 times the median household income in 2024 ($426,000 against $81,404); 14th highest ratio among the 50 states and DC (U.S.: 4.4).
Source: U.S. Census Bureau · saved copyIs rent affordable in Arizona?
A household on the median income in Arizona would spend 24.6% of its income on the median rent of $1,672 a month in 2024 (U.S.: 21.9%).
Source: U.S. Census Bureau · saved copyHow Arizona compares with other states
Gross domestic product, 2025 (current dollars) (2025)
Arizona ranks 15 of 51, highest first.
| Rank | Region | Gross domestic product, 2025 (current dollars) |
|---|---|---|
| 12 | Massachusetts | $813.6 billion |
| 13 | Virginia | $807.9 billion |
| 14 | Michigan | $733.9 billion |
| 15 | Arizona | $592.1 billion |
| 16 | Tennessee | $586.2 billion |
| 17 | Colorado | $574.9 billion |
| 18 | Maryland | $567.0 billion |
GDP per resident, 2025 (BEA GDP / Census population) (2025)
Arizona ranks 35 of 51, highest first.
| Rank | Region | GDP per resident, 2025 (BEA GDP / Census population) |
|---|---|---|
| 32 | Rhode Island | $79,174 |
| 33 | Kansas | $77,961 |
| 34 | Indiana | $77,790 |
| 35 | Arizona | $77,665 |
| 36 | Vermont | $77,029 |
| 37 | Florida | $76,958 |
| 38 | Missouri | $75,811 |
Real GDP growth, 2025 (2025)
Arizona ranks 36 of 51, highest first.
| Rank | Region | Real GDP growth, 2025 |
|---|---|---|
| 33 | New Hampshire | 1.7% |
| 34 | Louisiana | 1.5% |
| 35 | Hawaii | 1.5% |
| 36 | Arizona | 1.5% |
| 37 | Maine | 1.4% |
| 38 | Oregon | 1.4% |
| 39 | Massachusetts | 1.3% |
Real GDP growth, 2026:Q2 (annual rate) (2026:Q2)
Arizona ranks 16 of 51, highest first.
| Rank | Region | Real GDP growth, 2026:Q2 (annual rate) |
|---|---|---|
| 13 | Alabama | 2.6% |
| 14 | California | 2.5% |
| 15 | Pennsylvania | 2.5% |
| 16 | Arizona | 2.5% |
| 17 | Michigan | 2.4% |
| 18 | Wisconsin | 2.4% |
| 19 | Texas | 2.2% |
Personal income per person, 2025 (2025)
Arizona ranks 35 of 51, highest first.
| Rank | Region | Personal income per person, 2025 |
|---|---|---|
| 32 | Tennessee | $69,274 |
| 33 | Kansas | $69,149 |
| 34 | Delaware | $68,630 |
| 35 | Arizona | $68,373 |
| 36 | North Carolina | $68,274 |
| 37 | Ohio | $67,584 |
| 38 | Iowa | $67,321 |
Real personal income per person, 2024 (adjusted for local prices, 2017 dollars) (2024)
Arizona ranks 43 of 51, highest first.
| Rank | Region | Real personal income per person, 2024 (adjusted for local prices, 2017 dollars) |
|---|---|---|
| 40 | Utah | $55,116 |
| 41 | Michigan | $53,569 |
| 42 | Georgia | $52,952 |
| 43 | Arizona | $52,890 |
| 44 | Idaho | $52,816 |
| 45 | South Carolina | $52,463 |
| 46 | Kentucky | $52,290 |
Median household income, 2024 (ACS) (2024)
Arizona ranks 21 of 51, highest first.
| Rank | Region | Median household income, 2024 (ACS) |
|---|---|---|
| 18 | Rhode Island | $83,504 |
| 19 | Illinois | $83,211 |
| 20 | Vermont | $82,730 |
| 21 | Arizona | $81,486 |
| 22 | Idaho | $81,166 |
| 23 | Nevada | $81,134 |
| 24 | Georgia | $79,991 |
Regional price parity, 2024 (US = 100) (2024)
Arizona ranks 17 of 51, highest first.
| Rank | Region | Regional price parity, 2024 (US = 100) |
|---|---|---|
| 14 | Alaska | 102.4 |
| 15 | Rhode Island | 102.3 |
| 16 | Virginia | 101.1 |
| 17 | Arizona | 100.7 |
| 18 | Nevada | 100.0 |
| 19 | Illinois | 100.0 |
| 20 | Delaware | 99.8 |
Unemployment rate, September 2026 (seasonally adjusted) (September 2026)
Arizona ranks 6 of 51, highest first.
| Rank | Region | Unemployment rate, September 2026 (seasonally adjusted) |
|---|---|---|
| 3 | Connecticut | 5.1% |
| 4 | Michigan | 5.0% |
| 5 | Oregon | 5.0% |
| 6 | Arizona | 4.9% |
| 7 | Washington | 4.8% |
| 8 | Kentucky | 4.7% |
| 9 | Nevada | 4.7% |
Unemployment rate, 2025 annual average (2025)
Arizona ranks 18 of 51, highest first.
| Rank | Region | Unemployment rate, 2025 annual average |
|---|---|---|
| 15 | Rhode Island | 4.5% |
| 16 | New York | 4.3% |
| 17 | Pennsylvania | 4.3% |
| 18 | Arizona | 4.3% |
| 19 | Louisiana | 4.3% |
| 20 | Texas | 4.2% |
| 21 | New Mexico | 4.2% |
Labor force participation rate, September 2026 (September 2026)
Arizona ranks 37 of 51, highest first.
| Rank | Region | Labor force participation rate, September 2026 |
|---|---|---|
| 34 | Ohio | 61.2% |
| 35 | Georgia | 61.1% |
| 36 | Wyoming | 60.2% |
| 37 | Arizona | 59.7% |
| 38 | Tennessee | 59.3% |
| 39 | Arkansas | 59.1% |
| 40 | South Carolina | 58.8% |
Average annual pay, 2025 (QCEW) (2025)
Arizona ranks 20 of 51, highest first.
| Rank | Region | Average annual pay, 2025 (QCEW) |
|---|---|---|
| 17 | Pennsylvania | $74,308 |
| 18 | Oregon | $73,706 |
| 19 | Georgia | $73,032 |
| 20 | Arizona | $72,894 |
| 21 | Florida | $72,772 |
| 22 | North Carolina | $71,533 |
| 23 | Rhode Island | $71,123 |
Median annual wage, all occupations, May 2025 (OEWS) (May 2025)
Arizona ranks 25 of 51, highest first.
| Rank | Region | Median annual wage, all occupations, May 2025 (OEWS) |
|---|---|---|
| 22 | Wisconsin | $50,270 |
| 23 | Wyoming | $50,270 |
| 24 | Utah | $50,110 |
| 25 | Arizona | $50,060 |
| 26 | Pennsylvania | $49,690 |
| 27 | Ohio | $49,380 |
| 28 | Michigan | $49,270 |
Median household income (2024)
Arizona ranks 21 of 51, highest first. Census Bureau SAIPE model estimates
| Rank | Region | Median household income |
|---|---|---|
| 18 | Illinois | $83,327 |
| 19 | Rhode Island | $83,250 |
| 20 | Vermont | $82,836 |
| 21 | Arizona | $81,404 |
| 22 | Nevada | $81,129 |
| 23 | Idaho | $80,852 |
| 24 | North Dakota | $80,132 |
Median gross rent (monthly) (2024)
Arizona ranks 11 of 51, highest first. Renter-occupied units paying cash rent
| Rank | Region | Median gross rent (monthly) |
|---|---|---|
| 8 | New Jersey | $1,800 |
| 9 | Maryland | $1,721 |
| 10 | Nevada | $1,709 |
| 11 | Arizona | $1,672 |
| 12 | Virginia | $1,646 |
| 13 | New York | $1,634 |
| 14 | Oregon | $1,597 |
Median value of owner-occupied homes (2024)
Arizona ranks 16 of 51, highest first. Owner-reported value
| Rank | Region | Median value of owner-occupied homes |
|---|---|---|
| 13 | New York | $449,800 |
| 14 | Idaho | $446,400 |
| 15 | Maryland | $436,300 |
| 16 | Arizona | $426,000 |
| 17 | Montana | $425,400 |
| 18 | Virginia | $403,500 |
| 19 | Florida | $396,900 |
More on Arizona: overview · health · education and schools · poverty and living standards · government budget · the United States
Sources
- U.S. Census Bureau: Household Income in States and Metropolitan Areas: 2024 (ACSBR-025), Appendix Table 1: median household income and Gini index by state, 2023 and 2024 American Community Survey, read 23 October 2026 · saved copy (SHA-256 5de1b0d5ec46…)
- U.S. Bureau of Economic Analysis: SASUMMARY: State annual summary statistics: personal income, GDP, consumer spending, price indexes, and employment (updated 30 September 2026), read 23 October 2026 · saved copy (SHA-256 a3757d207c05…)
- U.S. Bureau of Economic Analysis: SAGDP: Annual GDP by state, 1997-2025 (table SAGDP2, GDP in current dollars by industry), read 23 October 2026 · saved copy (SHA-256 3d3c5bc7bd24…)
- U.S. Bureau of Economic Analysis: SQGDP: Quarterly GDP by state, 2005-2026 Q2 (table SQGDP11, percent change in real GDP at annual rate), read 23 October 2026 · saved copy (SHA-256 1649260cdceb…)
- U.S. Bureau of Labor Statistics: Local Area Unemployment Statistics: employment status of the civilian noninstitutional population, states, monthly, seasonally adjusted, read 23 October 2026 · saved copy (SHA-256 7bb6f18d4145…)
- U.S. Bureau of Labor Statistics: Local Area Unemployment Statistics: employment status of the civilian noninstitutional population, states, annual averages 1976-2025, read 23 October 2026 · saved copy (SHA-256 262aba7d00df…)
- U.S. Bureau of Labor Statistics: Occupational Employment and Wage Statistics, May 2025 state estimates (state_M2025_dl.xlsx), read 23 October 2026 · saved copy (SHA-256 74d5be0e1df8…)
- U.S. Bureau of Labor Statistics: Quarterly Census of Employment and Wages, 2025 annual averages, all industries (open data CSV slice), read 23 October 2026 · saved copy (SHA-256 5a5f89142aae…)
- U.S. Census Bureau: American Community Survey 2024 1-year estimates, table-based summary file: Median gross rent (B25064), read 23 October 2026 · saved copy (SHA-256 8624f9775add…)
- U.S. Census Bureau: American Community Survey 2024 1-year estimates, table-based summary file: Median value of owner-occupied homes (B25077), read 23 October 2026 · saved copy (SHA-256 27120d5d8a5f…)
- U.S. Census Bureau: Small Area Income and Poverty Estimates (SAIPE): 2024 poverty and median household income, states and counties, read 23 October 2026 · saved copy (SHA-256 cb52c47d75c1…)
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