La Paz County, Arizona

La Paz  County's population as of Census 2020 was 16,557, down 19.2% from 2010 (the largest population decline of Arizona's 15 counties). La Paz County's population is expected to reach 17,228 in 2030 and 17,366 in 2060, according to projections by Arizona Office of Economic Opportunity. 

PERSONAL INCOME: In 2023, La Paz County had a per capita personal income (PCPI) of $58,739. This PCPI ranked 3rd in the state and was 93.9% of the state average, $62,543, and 84.1% of the national average, $69,810. The 2023 PCPI reflected an increase of 3.6% from 2022. The 2022–2023 state change was 6.1% and the national change was 5.4%. In 2013, the PCPI of La Paz County was $31,914 and ranked 8th in the state. The 2013–2023 compound annual growth rate of PCPI was 6.3%. The compound annual growth rate for the state was 5.4% and for the nation was 4.6%.

GROSS DOMESTIC PRODUCT: In 2022, La Paz County produced 824,716 in current-dollar total GDP*. This GDP ranked 15th in the state and accounted for 0.2% of the state total. In 2022, La Paz County real GDP fell 8.6%; 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 La Paz County's personal income and GDP, check out the county's BEA Regional Fact Sheet (BEARFACTS) 

MAJOR INDUSTRY SALES: In 2023, La Paz County's retail sales were up 9.7%, after growing 2.7% in 2021 and 9.3% in 2022. Restaurant & bar sales were up 6.8% in 2023 following strong growth of 22.7% in 2021 and 28.5% in 2022 (that was after a 2.1% decline in 2020, the first year of the COVID pandemic). Restaurant and bar sales growth rates in 2021 and 2022 were at record highs (with records back to 2009). Hotel/motel receipts were down 6.4% in 2023, following gains of 23.6% in 2020, 16.6% in 2021, and 5.3% in 2022. La Paz County's lodging industry did not decline in 2020, the first year of the COVID pandemic, and, in fact, saw near-record-high growth that year.

BANK DEPOSITS: In 2023, bank deposits in La Paz County (as of June 30) were down 24.7% from a year prior. That followed growth of 18.9% in 2021 and 6.4% in 2022. 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 La Paz County, visit La Paz County, AZ Real Estate Market.)

NEW HOME CONSTRUCTION: In 2023, there were 41 building permits issued for new single-family homes in La Paz County, up from 34 in 2022 and 33 in 2021.