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. Arizona's population is expected to reach 8.3 million in 2030 and 10.7 million in 2060, according to projections by Arizona Office of Economic Opportunity.
UNEMPLOYMENT: Arizona's annual unemployment rate in 2021 was 4.9% (down from 7.7% in 2020, the first year of the COVID pandemic). At the peak of COVID business closures, the unemployment rate in Arizona hit a high of 13.5% in April 2020. Arizona’s unemployment rate of 4.9% in 2021 was lower than the nationwide rate of 5.3%.
NONFARM PAYROLL EMPLOYMENT: Arizona gained 109,700 jobs in 2022 for annual job growth of 3.7% (based on average monthly job numbers). The industry with largest number of job gains was accommodation and food services, which added 20,700 jobs (7.8%). By job growth rate, arts, entertainment, and recreation saw the biggest increase with job numbers gaining 17.3% (6,700 jobs). Arizona's government sector grew by 4,500 jobs for job growth of 1.1% in 2022. Within the government sector, federal jobs were down by 100 (-0.2%), state government jobs increased by 100 (0.1%), and local governments added 4,500 jobs (1.7%).
WAGES: The average annual wage in Arizona in 2021 was $55,170 ($26.53 hourly), up 3.3% from 2020. Arizona's annual wage in 2021 was 94.7% of the national average wage of $58,260 ($28.01).
PERSONAL INCOME: In 2021, Arizona had a per capita personal income (PCPI) of $55,487. This PCPI ranked 39th in the United States and was 86.5% of the national average, $64,143. The 2021 PCPI reflected an increase of 6% from 2020. The 2020–2021 national change was 7.3%. In 2011, the PCPI of Arizona was $35,321 and ranked 41st in the United States. The 2011–2021 compound annual growth rate of PCPI was 4.6%. The compound annual growth rate for the nation was 4.1%.
GROSS DOMESTIC PRODUCT: In 2021, Arizona current-dollar GDP was 420,026.7 million and ranked 18th in the United States. In 2011, Arizona GDP was 260,915.7 million and ranked 22nd in the United States. In 2021, Arizona real GDP grew 6.3%; the 2020–2021 national change was 5.9%. The 2011–2021 compound annual growth rate for Arizona real GDP was 2.7%; the compound annual growth rate for the nation was 2.1%.
For more info on Arizona's personal income and GDP, check out the state's BEA Regional Fact Sheet (BEARFACTS)
MAJOR INDUSTRY SALES: In 2022, Arizona's retail sales were up 7.9% following a 19.0% gain in 2021. The strong growth rate in 2021 was the highest on record (with records back to 2009). Restaurant & bar sales were up 18.0% in 2022, after a COVID-related decline of 13.5% in 2020 and a strong rebound of 28.6% in 2021. The years 2021 and 2022 saw the fastest rates of growth on record for statewide restaurant and bar sales. Arizona's hotel/motel receipts were up 44.1% in 2021 and 32.8% in 2022, also record highs, rebounding from a 28.5% COVID-related drop in 2020.
BANK DEPOSITS: In 2022, bank deposits in Arizona (as of June 30) were up 11.8% from 2021. That follows strong growth of 21.6% and 18.1% in 2020 and 2021, respectively. 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 recent years were helped along by COVID stimulus payments and programs.
HOME SALES, PRICES & DAYS ON MARKET: In 2022, home sales in Arizona were down 21.7% following record-high sales the year prior, according to data from Arizona Regional Multiple Listing Service. The median price of homes sold in Arizona in 2022 was $411,995, down 3.5% from a record high in 2021. The 2022 decline followed 11 consecutive years of increase in Arizona's median home price. The average cumulative days on market for homes sold in 2022 was 71, up from 35 in 2021.
NEW HOME CONSTRUCTION: In 2021, there were 46,561 new single-family homes built in Arizona, up 10.1% from 2020. The average permit value in 2021 was $272,032, up 1.6% from the year prior.
In 2021, visits to national parks in Arizona (including monuments, memorials, and sites) were up 37.2%, rebounding from the COVID-related decline of 35.0% in 2020. Visits to state parks in Arizona were up 2.8% in 2021 after falling 5.6% in 2020. Visits to the Grand Canyon (Arizona's busiest national park) were up 56.5% in 2021, after dropping 51.5% in 2020. Visits to Lake Havasu (Arizona's busiest state park) were down 17.8% in 2021, following a 22.5% jump in 2020. Visits to Arizona lakes and recreation areas were down generally in 2021, following increases in 2020 due to the COVID pandemic and deferral of long-distance travel that year.
According to research by Dean Runyan Associates for Arizona Office of Tourism, Arizona's travel industry (including business and leisure travel) generated $23.6 billion in direct spending in 2021, up 58.3% following a COVID-related decline of 41.2% in 2020. Arizona's travel industry supported 167,200 jobs statewide in 2021 (up 6.7% after falling 17.4% the year prior) with associated household earnings of $6.9 billion (up 8.8% following a 12.9% drop the previous year).
BORDER CROSSINGS: In 2021, pedestrian border crossings into the US at Arizona ports of entry were up 11.5% after declining 44.7% in 2020, the first year of the COVID pandemic. The number of personal vehicle passengers was up 31.4% in 2021 following a 42% drop in 2020. Despite the increases in 2021, both pedestrian and vehicle passenger border crossings at Arizona land ports remained at near-record lows (with the record low set in 2020 and records back to 1996).
INTERNATIONAL TRADE: In 2021, the total value of international trade (imports and exports) passing through Arizona ports of entry was $29.9 billion. Exports totaled $12 billion (up 19.2% from 2020) while imports came in at $17.9 billion (up 9.8%).