Economy Profile
Yavapai County
- Arizona State
- October, 2024
TSAC-CFD-04025
Snapshot
-
GDP (2022, Thousands)
$ 9,797,212
AVG Real Growth (2017-2022)
2.32 %
Unemployment Rate (May, 2024)
4.1 %
Labor Force Size
111,637
Number of Businesses
7,287
Average Annual Wage
$ 51,627
Economy Structure
Population & Household section gives reader an outlook. of general population profile, structure, and outlook.
GDP
GDP (2022, Thousands)
$ 9,797,212
GDP Per Capita
$ 41,194
GDP Growth Rate (2022)
0.1 %
Average Growth Rate (2017-2022)
2.32 %
Goods Producing Contribution (%)
18.8%
Service Providing Contribution (%)
68.5%
Goverment Contribution
12.7%
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
111,637
Labor Force Growth
1.54%
Unemployment
4,573
Unemployment Rate
4.1%
Unemployment Rate
Source: Census.gov | S2301
Employment Profile
Employment Rate (20-64 y.o.)
68.3%
Employment Rate (with Bachelor's Degree)
72.9%
Employment Rate (75+ y.o.)
6.4%
Employment Rate (Black)
44%
Employment Rate (Female)
65.7%
Employment Rate by Segment
Source: Census.gov | S2301
Employent Rate Comparison
Source: Census.gov | S2301
Employment by Sectors
Number of Companies
7,287
Number of Employment
70,562
Annual Average Wages
$ 51,627
Wage CAGR (2010-2022)
Goods-producing (avg pay)
$ 60,480
Service-providing (avg pay)
$ 46,771
Historical Annual Average Wage
Source: BLS
Number of Establishments
Source: BLS
Company Indicators
Source: BLS
Income
Household Income (Mean)
$ 62,430
Household Income (Median)
$ 83,305
Per Capita Income
$ 37,666
Per Capita Income Growth (2010-2022)
47.6 %
Gini Index
0.4482*
Poverty Rate
12.3 %
Per Capita Income
Source: Census.gov | B19301
Income Distribution by Household
Source: Census.gov