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 2021 was 6.0% (down from 9.5% in 2020, the first year of the COVID pandemic). At the peak of COVID business closures, the unemployment rate in Coconino County hit a high of 17.3% in April 2020. Coconino County’s unemployment rate of 6.0% in 2021 was higher than the statewide rate of 4.9% and the nationwide rate of 5.3%.
NONFARM PAYROLL EMPLOYMENT: Coconino County gained 1,900 jobs in 2021 for annual job growth of 3.1%. The private sector added 3,000 jobs (6.9%) and the government sector lost 1,100 jobs (-5.9%). In the private sector, goods-producing jobs were down by 400 (-6.3%) while service jobs grew by 3,300 (8.9%).
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 2021, Coconino County had a per capita personal income (PCPI) of $56,914. This PCPI ranked 2nd in the state and was 102.6% of the state average, $55,487, and 88.7% of the national average, $64,143. The 2021 PCPI reflected an increase of 5.4% from 2020. The 2020–2021 state change was 6% and the national change was 7.3%. In 2011, the PCPI of Coconino County was $37,248 and ranked 2nd in the state. The 2011–2021 compound annual growth rate of PCPI was 4.3%. The compound annual growth rate for the state was 4.6% and for the nation was 4.1%.
WAGES: The average annual wage in Coconino County in 2021 was $51,130 ($24.58 hourly), which was 93% of the Arizona statewide average wage of $55,170 ($26.53 hourly) and 88% of the national average wage of $58,260 ($28.01 hourly). Coconino County's average wage in 2021 was up 3.3% from 2020.
In 2021, Coconino County's retail sales were up 23.1%, following an increase of 5.3% in 2020. Coconino County's restaurant & bar sales were up 37.1% in 2021, rebounding from a COVID-related decline of 23.3% in 2020. Hotel/motel receipts were up 66.9% in 2021, after plummeting 35.1% in 2020.
Coconino Major Industry Sales (2009-current) (xlsx)
DownloadIn 2020, Coconino County produced $7,548,517 in current-dollar total GDP*. This GDP ranked 6th in the state and accounted for 2.0% of the state total. In 2010, the total GDP of Coconino County was $5,971,070 and ranked 5th in the state. In 2020, Coconino County real GDP fell 7.4%; the 2019-2020 state change was -1.0%. The 2010-2020 compound annual growth rate for Coconino County real GDP was 0.3%; the compound annual growth rate for the state was 2.1%.
*GDP estimates are in thousands of dollars.
Coconino Gross Domestic Product (by Industry) (2001-current) (xlsx)
DownloadHOME PRICES & DAYS ON MARKET: In March 2022, the median price of homes sold in Coconino County was $675,000, according to National Association of Realtors. That was up 23.9% from March 2021. The median days on market in March was 36, down from 41 in March 2021. As of May 2022, there were 1,125 homes listed for sale in Coconino County, up from 1,086 in June 2021 (Coconino County, AZ Real Estate Market).
NEW HOME CONSTRUCTION: In 2021, building permits were issued for 596 new single-family homes in Coconino County, down 5.8% from 2020. The average permit value in 2021 was $338,279, up 47.5% from the year prior.
Coconino New Residential Construction (building permits & valuation) (2003-current) (xlsx)
DownloadIn 2021, visits to state and national parks in Coconino County rebounded from COVID-related declines in 2020. Visits to Grand Canyon were up 56.5% in 2021, after dropping 51.5% in 2020. Glen Canyon visits were up 46.5% in 2021, after falling 37.9% in 2020. Sunset Crater Volcano visits were up 50.2% in 2021, following a 22.8% drop in 2020. Walnut Canyon visits were up 97.7% in 2021, rebounding from a 29.5% drop in 2020, while Wupatki visits were up 42.0% in 2021, after falling 21.9% in 2020. Of Coconino County's state parks, visits to Riordan Mansion were up 262.1% in 2021, after declining 88.3% in 2021, while visits to Slide Rock were up 59.2%, following a drop of 33.8% 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 $1.7 billion in direct spending in 2021, up 72.1% following a 43.3% COVID-related decline in 2020. Coconino County's travel industry supported 13,100 jobs countywide in 2021 (up 15.7% after falling 17.6% the year prior) with associated household earnings of $485 million (up 21.1% following an 11.2% drop the previous year).
In 2021, bank deposits in Coconino County (as of June 30) were up 19.7% from 2020. That was on the heels of 20.7% growth in 2020. Growth in bank deposits from 2019 to 2021 was the fastest 2-year period of gains on record (with records back to 1994). Deposits in 2020 and 2021 were helped along by COVID stimulus payments and programs.
Coconino Bank Deposits (1994-current) (xlsx)
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