LotsCap

Economy Profile

Santa Cruz County

  • Arizona State
  • October, 2024
TSAC-CFD-04023

Table of Content

Snapshot

-

GDP (2022, Thousands)
$ 2505106
AVG Real Growth (2017-2022)
1.86 %
Unemployment Rate (May, 2024)
7.6 %
Labor Force Size
18884
Number of Businesses
1245
Average Annual Wage
$ 56950

Economy Structure

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

GDP

GDP (2022, Thousands)
$ 2505106
GDP Per Capita
$ 52366
GDP Growth Rate (2022)
0.4 %
Average Growth Rate (2017-2022)
1.86 %
Goods Producing Contribution (%)
- %
Service Providing Contribution (%)
- %
Goverment Contribution
22.3%
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
18884
Labor Force Growth
2.9%
Unemployment
1432
Unemployment Rate
7.6%
Unemployment Rate
Source: Census.gov | S2301

Employment Profile

Employment Rate (20-64 y.o.)
67.8%
Employment Rate (with Bachelor's Degree)
80.3%
Employment Rate (75+ y.o.)
10%
Employment Rate (Black)
23.2%
Employment Rate (Female)
60.7%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301

Employment by Sectors

Number of Companies
1245
Number of Employment
13823
Annual Average Wages
$ 56950
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 49178
Service-providing (avg pay)
$ 47896
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS

Income

Household Income (Mean)
$ 51885
Household Income (Median)
$ 71305
Per Capita Income
$ 25619
Per Capita Income Growth (2010-2022)
58.1 %
Gini Index
0.4635*
Poverty Rate
20.2 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov