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 projected to reach 154,377 in 2025 and 163,066 in 2055, according to pre-Census 2020 projections by Arizona Office of Economic Opportunity.
UNEMPLOYMENT: Coconino County's unemployment rate in 2020 was 9.7% (up from 5.8% in 2019, due to the COVID pandemic and related economic decline). At the peak of COVID business closures, the unemployment rate in Coconino County hit a high of 18.2% in April 2020, its highest level on record (with records back to 2000). Coconino County’s unemployment rate of 9.7% in 2020 was higher than the statewide rate of 7.9% and the nationwide rate of 8.1%.
NONFARM PAYROLL EMPLOYMENT: Coconino County lost 5,100 jobs in 2020 for annual job growth of -7.5%. The private sector declined by 4,400 jobs (-9.1%), with the gain of 100 goods-producing jobs (+1.6%) overwhelmed by the loss of 4,500 service jobs (-10.8%). Coconino County's government sector lost 700 jobs (-3.5%), with federal jobs stabilizing at 2019 levels in 2020 and state and local government jobs down by 800 (-4.6%).
Note: Labor force, employment, unemployment, and jobs data on this site are updated annually. For the most recent monthly labor market data, visit Arizona Office of Economic Opportunity.
PERSONAL INCOME: In 2019, Coconino County had a per capita personal income (PCPI) of $49,189. This PCPI ranked 2nd in the state and was 107% of the state average, $46,058, and 87% of the national average, $56,490. The 2019 PCPI reflected an increase of 0.7% from 2018. The 2018-2019 state change was 3.3% and the national change was 3.5%. In 2009, the PCPI of Coconino County was $33,924 and ranked 3rd in the state. The 2009-2019 compound annual growth rate of PCPI was 3.8%. The compound annual growth rate for the state was 3.3% and for the nation was 3.7%.
WAGES: The average annual wage in Coconino County in 2020 was $49,482 ($23.79 hourly), which was 93% of the Arizona statewide average wage of $53,396 ($25.67 hourly) and 88% of the national average wage of $56,310 ($27.07 hourly).
In 2020, Coconino County's retail sales were up 5.3%. Due to the COVID pandemic, Coconino County's restaurant & bar sales were down 23.3% and hotel/motel receipts were down 35.1% in 2020.
In 2019, Coconino County produced $7.9 billion in current-dollar total GDP. This GDP ranked 5th in the state and accounted for 2.1% of the state total. In 2009, the total GDP of Coconino County was $5.7 billion and ranked 4th in the state. In 2019, Coconino County real GDP fell 3.5%; the 2018-2019 state change was 3.1%. The 2009-2019 compound annual growth rate for Coconino County real GDP was 1.5%; the compound annual growth rate for the state was 2.4%.
HOME PRICES & DAYS ON MARKET: In May 2021, the median price of homes sold in Coconino County was $430,000, according to National Association of Realtors. That was up 23.6% from May 2020. The median days on market in May was 44, down from 61 in May 2020. As of June 2021, there were 1,086 homes listed for sale in Coconino County (Coconino County, AZ Real Estate Market).
NEW HOME CONSTRUCTION: In 2020, building permits were issued for 633 new single-family homes in Coconino County, up 18.3% from 2019. The average permit value in 2020 was $229,385, up 20.6% from the year prior.
In 2020, visits to state and national parks in Coconino County were down due to the COVID pandemic and associated declines in travel. Visits to Grand Canyon were down 51.5%, Glen Canyon visits were down 42.2%, Sunset Crater Volcano visits were down 22.8%, Walnut Canyon visits were down 29.5%, and Wupatki visits were down 21.9%. Of Coconino County's state parks, visits to Riordan Mansion were down 88.3% and visits to Slide Rock were down 34.5% in 2020.
According to research by Dean Runyan Associates for Arizona Office of Tourism, Coconino County's travel industry (including business and leisure travel) generated $961.9 million in direct spending in 2020, down 43.3% from 2019. Coconino County's travel industry supported 11,400 jobs (down 17.6%) countywide with earnings of $406.3 million (down 11.2%) in 2020, according to the study.
Check out Arizona Office of Tourism for research and marketing resources for the Arizona tourism industry.
In 2020, bank deposits in Coconino County (as of June 30) were up 20.7% from 2019 - the fastest rate of growth in 20 years. Deposits were helped along by the first round of COVID stimulus payments, which went out beginning in April 2020.