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 2022, Coconino County had a per capita personal income (PCPI) of $58,933. This PCPI ranked 2nd in the state and was 100.8% of the state average, $58,442, and 90% of the national average, $65,470. The 2022 PCPI reflected an increase of 4.3% from 2021. The 2021–2022 state change was 3.6% and the national change was 1.6%. In 2012, the PCPI of Coconino County was $36,893 and ranked 2nd in the state. The 2012–2022 compound annual growth rate of PCPI was 4.8%. The compound annual growth rate for the state was 4.9% and for the nation was 4%.

GROSS DOMESTIC PRODUCT: In 2022, Coconino County produced 9,080,290 in current-dollar total GDP*. This GDP ranked 6th in the state and accounted for 1.9% of the state total. In 2022, Coconino County real GDP grew 2.8%; the 2021–2022 state change was 3.2%. (NOTE: Updated GDP spreadsheets coming soon!)

*GDP estimates are in thousands of dollars.

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 2023, Coconino County's retail sales were up 2.9% following a record-high increase of 23.1% in 2021 (with records back to 2009) and a follow-on gain of 6.1% in 2022. Coconino County's restaurant & bar sales were up 6.4% in 2023 following gains of 37.1% in 2021 and 12.7% in 2022 (rebounding from the COVID-related decline of 23.3% in 2020). Hotel/motel receipts were up 5.2% in 2023 after increasing 66.9% in 2021 and 11.6% in 2022 (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 2023 at record highs.

BANK DEPOSITS: In 2023, bank deposits in Coconino County (as of June 30) were down 9.2% from a year prior following a 15.6% drop 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.

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.