LotsCap

Economy Profile

Maricopa County

  • Arizona State
  • October, 2024
TSAC-CFD-04013

Table of Content

Snapshot

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GDP (2022, Thousands)
$ 350168218
AVG Real Growth (2017-2022)
4.66 %
Unemployment Rate (May, 2024)
3.8 %
Labor Force Size
2518759
Number of Businesses
140110
Average Annual Wage
$ 70311

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 350168218
GDP Per Capita
$ 79029
GDP Growth Rate (2022)
4.1 %
Average Growth Rate (2017-2022)
4.66 %
Goods Producing Contribution (%)
14.4%
Service Providing Contribution (%)
77.5%
Goverment Contribution
8.1%
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
2518759
Labor Force Growth
2.86%
Unemployment
96199
Unemployment Rate
3.8%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
76.1%
Employment Rate (with Bachelor's Degree)
83.8%
Employment Rate (75+ y.o.)
6.2%
Employment Rate (Black)
65.4%
Employment Rate (Female)
70.2%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
140110
Number of Employment
2233956
Annual Average Wages
$ 70311
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 85901
Service-providing (avg pay)
$ 67164
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 80675
Household Income (Median)
$ 108596
Per Capita Income
$ 41533
Per Capita Income Growth (2010-2022)
49.3 %
Gini Index
0.4555*
Poverty Rate
11.5 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov