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Economy Profile

Cochise County

  • Arizona State
  • October, 2024
TSAC-CFD-04003

Table of Content

Snapshot

-

GDP (2022, Thousands)
$ 5697691
AVG Real Growth (2017-2022)
1.2 %
Unemployment Rate (May, 2024)
5 %
Labor Force Size
49945
Number of Businesses
2593
Average Annual Wage
$ 57038

Economy Structure

Population & Household section gives reader an outlook. of general population profile, structure, and outlook.

GDP

GDP (2022, Thousands)
$ 5697691
GDP Per Capita
$ 45398
GDP Growth Rate (2022)
-0.5 %
Average Growth Rate (2017-2022)
1.2 %
Goods Producing Contribution (%)
- %
Service Providing Contribution (%)
- %
Goverment Contribution
35.1%
GDP Historical Growth Rate
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP by Sectors
Source: Bureau of Economic Analysis | CAGDP2, CAGDP11
GDP Growth by Sectors
Source: Bureau of Economic Analysis | CAGDP11

Monthly Employment

Total Labor Force
49945
Labor Force Growth
2.25%
Unemployment
2490
Unemployment Rate
5%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
58.5%
Employment Rate (with Bachelor's Degree)
70%
Employment Rate (75+ y.o.)
4.4%
Employment Rate (Black)
35.5%
Employment Rate (Female)
57.7%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
2593
Number of Employment
34678
Annual Average Wages
$ 57038
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 52024
Service-providing (avg pay)
$ 50580
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 58421
Household Income (Median)
$ 75274
Per Capita Income
$ 31423
Per Capita Income Growth (2010-2022)
36.6 %
Gini Index
0.4384*
Poverty Rate
14.7 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov