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.
UNEMPLOYMENT: Coconino County's annual unemployment rate in 2022 was 4.3%, down from 6.2% in 2021 and 9.6% in 2020, the first year of the COVID pandemic.
NONFARM PAYROLL EMPLOYMENT: Coconino County gained 4,300 jobs in 2022 for annual job growth of 6.7% (based on average monthly job numbers). The private sector added 2,600 jobs (5.6%) and the government sector grew by 1,700 jobs (9.7%). In the private sector, goods-producing jobs were up by 300 (5.0%) while service jobs grew by 2,300 (5.7%).
WAGES: The average annual wage in Coconino County in 2022 was $51,909 ($24.96 hourly), which was 88.6% of the Arizona statewide average wage of $58,620 ($28.18 hourly) and 83.9% of the national average wage of $61,900 ($29.76 hourly). Coconino County's average wage in 2022 was up 1.5% from 2021.
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%.
GROSS DOMESTIC PRODUCT: In 2021, Coconino County produced 8,444,850 in current-dollar total GDP*. This GDP ranked 6th in the state and accounted for 2.0% of the state total. In 2011, the total GDP of Coconino County was 6,445,661 and ranked 4th in the state. In 2021, Coconino County real GDP grew 4.8%; the 2020–2021 state change was 6.3%. The 2011–2021 compound annual growth rate for Coconino County real GDP was 0.5%; the compound annual growth rate for the state was 2.7%.
*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 2022, Coconino County's retail sales were up 6.1% following a record-high increase of 23.1% in 2021 (with records back to 2009). Coconino County's restaurant & bar sales were up 12.1% in 2022, following a 37.1% rebound from the COVID-related decline of 23.3% in 2020. Hotel/motel receipts were up 11.6% in 2022 on the heels of a 66.9% rebound in 2021 (from the COVID-related drop of 35.1% the year prior).
BANK DEPOSITS: In 2022, bank deposits in Coconino County (as of June 30) were down 15.6% from 2021. The decline was on the heels of 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 2020 and 2021 were helped along by COVID stimulus payments and programs.
HOME PRICES & DAYS ON MARKET: In March 2023, the median price of homes sold in Coconino County was $635,000, according to National Association of Realtors. That was down 3.9% from March 2022. The median days on market in March was 54, up from 37 in March 2022. As of May 2023, there were 1,293 homes listed for sale in Coconino County, up from 1,125 in May 2022. (Data in this section updated annually; for the most recent monthly data, visit Coconino County, AZ Real Estate Market.)
NEW HOME CONSTRUCTION: In 2022, building permits were issued for 407 new single-family homes in Coconino County, down 31.7% from 2021. The average permit value in 2022 was $376,373, up 11.3% (following a 47.5% increase the year prior). For the most recent monthly data, click here.
According to research by Dean Runyan Associates for Arizona Office of Tourism, Coconino County's travel industry (including business and leisure travel) generated $1.8 billion in direct spending countywide in 2022, up 7.3% from 2021 (the year 2021 saw a 72.1% increase, rebounding from a 43.3% COVID-related drop in 2020, the first year of the pandemic). Travel-related direct spending in 2022 was at a record high (with records back to 1998, not adjusted for inflation). Coconino County's travel industry supported 13,300 jobs countywide in 2022 (up 7.3% from the year prior) with household earnings of $508.3 million (up 10.2% from 2021), according to the study.