Arizona

Arizona's population as of Census 2020 was 7,151,502, up 11.9% from 2010 making Arizona the 9th fastest-growing state over the decade. All Arizona counties saw population gains from 2010 to 2020, except La Paz (-19.2%), Apache (-7.7%), Cochise (-4.5%), Navajo (-0.7%), and Gila (-0.6%). The strongest population growth from 2010 to 2020 of Arizona's 15 counties was Maricopa (+15.8%), followed by Greenlee (+13.3%), Pinal (+13.2%), and Yavapai (+11.9%). Maricopa County accounted for 80% of the statewide population gains from 2010 to 2020. 

From 2020 to 2025, Arizona's population increased by 7.6% to 7,718,747, according to estimates by Arizona Office of Economic Opportunity (OEO). Arizona's population is expected to reach 8.3 million in 2030 and 10.7 million in 2060, according to OEO projections.

PERSONAL INCOME

• In 2023, Arizona had a per capita personal income (PCPI) of $62,543. This PCPI ranked 34th in the United States and was 89.6% of the national average, $69,810. The 2023 PCPI reflected an increase of 6.1% from 2022. The 2022–2023 national change was 5.4%. 
• In 2013, the PCPI of Arizona was $36,877 and ranked 41st in the United States. The 2013–2023 compound annual growth rate of PCPI was 5.4%. The compound annual growth rate for the nation was 4.6%.

GROSS DOMESTIC PRODUCT

• In 2023, Arizona current-dollar GDP was 522,767.2 million and ranked 17th in the United States. In 2013, Arizona GDP was 278,679.5 million and ranked 22nd in the United States.
• In 2023, Arizona real GDP grew 3%; the 2022–2023 national change was 2.9%. The 2013–2023 compound annual growth rate for Arizona real GDP was 3.5%; the compound annual growth rate for the nation was 2.4%.
• In 2023, the largest industry in Arizona was finance, insurance, real estate, rental, and leasing. This industry accounted for 23.6 percent of Arizona GDP and had 0.9 percent real growth. The second largest industry was professional and business services, which accounted for 11.7 percent of Arizona GDP and had 2.9 percent real growth.
• The largest contributor to real GDP growth in Arizona was retail trade. This industry accounted for 0.71 percentage point of the total growth in real GDP. The second largest contributor to real GDP growth was educational services, health care, and social assistance. This industry accounted for 0.62 percentage point of the total growth in real GDP.

For more info on Arizona's personal income and GDP, check out the state's BEA Regional Fact Sheet (BEARFACTS) 

MAJOR INDUSTRY SALES

• In 2025, Arizona's retail sales totaled $105.9 billion, up 2.7% from the year prior following a 0.3% decline in 2024. That was after gains of 19.0% in 2021, 7.9% in 2022, and 2.6% in 2023. Retail sales in 2025 were at a record high (with records back to 2009). 
• Restaurant & bar sales statewide totaled $23.2 billion in 2025, up 3.1% from the year prior. That followed growth of 28.6% in 2021, 18.0% in 2022, 6.2% in 2023, and 2.4% in 2024 (that was after a COVID-related decline of 13.5% in 2020). Restaurant & bar sales in 2025 were at a record high (with records back to 2009). 
• Arizona's hotel/motel receipts totaled $5.5 billion in 2025, down 1.4% from the year prior. That followed gains of 44.1% in 2021, 32.8% in 2022, 6.9% in 2023, and 0.7% in 2024 (rebounding from a 28.5% COVID-related drop in 2020). Arizona's hotel/motel receipts were at a record high in 2024 (with records back to 2009) before declining in 2025. 

BANK DEPOSITS

• In 2025, bank deposits in Arizona (as of June 30) totaled $220.8 billion, up 4.0% from the year prior, after increasing 1.7% in 2024 following an 8.3% decline in 2023. That followed strong growth of 21.6% in 2020, 18.1% in 2021, and 11.8% in 2022. 
• Growth rates over the three years from 2020 through 2022 were the highest of any three-year period on record (with records back to 1994). Deposits in those years were helped along by stimulus payments and other COVID programs. Arizona total bank deposits in 2025 were down 3.1% from the record high in 2022. 

HOME SALES, PRICES & DAYS ON MARKET: In 2024, home sales in Arizona were down 0.7% from the year prior, following declines of 21.7% in 2022 and 14.0% in 2023, according to data from Arizona Regional Multiple Listing Service. Home sales in 2024 were at their lowest level in more than a decade. The median price of homes sold in Arizona in December 2024 was $450,000, up 4.7% from December 2023. The average cumulative days on market for homes sold in December 2024 was 77, up from 62 a year prior. For the most recent Arizona housing market data, click here.

NEW HOME CONSTRUCTION: In 2024, there were 41,944 building permits issued for new single-family homes in Arizona, up 21.8% from 2023. The average permit value in 2024 was $294,831 (does not include value of land), up 1.9% from the year prior.  See downloadable spreadsheets below for current and historical annual building permit data. 

BORDER CROSSINGS: In 2024, pedestrian border crossings from Mexico into the United States at Arizona land ports of entry were up 7.7% on the heels of increases of 11.5% in 2021, 26.7% in 2022, and 12.7% in 2023 (that followed a 44.7% drop in 2020, the first year of the COVID pandemic). Despite increases in recent years, the number of pedestrian crossers in 2024 remained 5.1% below the pre-COVID year of 2019. The number of personal vehicle passengers arriving from Mexico through Arizona land ports was up 3.1% in 2024, following increases of 31.4% in 2021, 36.6% in 2022, and 0.3% in 2023 (after falling 42% in 2020). With the recent increases, vehicle passenger border crossings at Arizona land ports in 2024 were up 7.6% from 2019.  See downloadable spreadsheets below for current and historical border crossing data for bus passengers, buses, pedestrians, personal vehicle passengers, personal vehicles, truck containers [empty and loaded], and trucks at Arizona ports of entry. 

INTERNATIONAL TRADE: In 2024, the total value of international trade (imports and exports) passing through Arizona ports of entry was $38.7 billion, up 7.6% from 2023. Exports totaled $12.4 billion (up 4.1%) while imports came in at $26.3 billion (up 9.3%).  See downloadable spreadsheets below for current and historical international trade data (imports, exports, and total trade) at Arizona ports of entry.