Coconino County, Arizona

Coconino County's population as of Census 2020 was 145,101, up 7.9% from 2010 (the fifth fastest population growth of Arizona's 15 counties). Coconino County's population is expected to reach 155,172 in 2030 and 158,179 in 2060, according to projections by Arizona Office of Economic Opportunity.

PERSONAL INCOME: In 2023, Coconino County had a per capita personal income (PCPI) of $62,002. This PCPI ranked 2nd in the state (of Arizona's 15 counties) and was 99.1% of the state average, $62,543, and 88.8% of the national average, $69,810. The 2023 PCPI reflected an increase of 6.2% from 2022. The 2022–2023 state change was 6.1% and the national change was 5.4%. In 2013, the PCPI of Coconino County was $38,325 and ranked 2nd in the state. The 2013–2023 compound annual growth rate of PCPI was 4.9%. The compound annual growth rate for the state was 5.4% and for the nation was 4.6%.

GROSS DOMESTIC PRODUCT: In 2023, Coconino County produced $10.0 billion in current-dollar total Gross Domestic Product (GDP). This GDP ranked 6th in the state (of Arizona's 15 counties) and accounted for 1.9% of the state total. From 2022 to 2023, Coconino County real GDP grew 3.7%; for all Arizona, GDP grew 3.0%. Back in 2013, the total GDP of Coconino County was $6.7 billion and ranked 4th in the state. The 2013–2023 compound annual growth rate for Coconino County real GDP was 1.1%; the compound annual growth rate for the state was 3.5%.

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

MAJOR INDUSTRY SALES: In 2024, Coconino County's retail sales were down 2.3% following a record-high increase of 23.1% in 2021 (with records back to 2009) and follow-on gains of 6.1% in 2022 and 2.9% in 2023. Coconino County's restaurant & bar sales were up 2.7% in 2024 following gains of 37.1% in 2021, 12.7% in 2022, and 6.4% in 2023 (rebounding from the COVID-related decline of 23.3% in 2020). Hotel/motel receipts were up 4.6% in 2024 after increasing 66.9% in 2021, 11.6% in 2022, and 5.2% in 2023 (that followed a COVID-related drop of 35.1% in 2020, the first year of the pandemic). Coconino County's restaurant & bar and hotel/motel industries have fully recovered from the COVID declines with sales in 2024 at record highs.

BANK DEPOSITS: In 2024, bank deposits in Coconino County (as of June 30) were down 2.7% from a year prior, after falling 9.2% in 2023 and 15.6% in 2022. That followed strong growth of 20.7% and 19.7% in 2020 and 2021, respectively (that was the fastest 2-year period of gains on record with records back to 1994). Deposits in those years were helped along by stimulus payments and other COVID programs. Deposits at Coconino County banks in 2024 were at their lowest level since 2019, the year prior to the pandemic.

HOUSING MARKET DATA:  For the most recent housing market data and trends (median listing home price, median listing home price per square foot, median sold home price, sale-to-list price ratio, median days on market, and more) for Coconino County, visit Coconino County, AZ Real Estate Market.)

NEW HOME CONSTRUCTION: In 2023, building permits were issued for 314 new single-family homes in Coconino County, down 22.9% from 2022. The average permit value in 2023 was $401,124 (does not include value of land), up 6.6%. For the most recent monthly data, click here.