Maricopa County, Arizona

Maricopa County's population as of Census 2020 was 4,420,568, up 15.8% from 2010 (the fastest population growth of Arizona's 15 counties). As Arizona's largest county, Maricopa accounted for 80% of the statewide population growth from 2010 to 2020. Maricopa County's population is expected to reach 5,200,391 in 2030 and 6,529,107 in 2060, according to projections by Arizona Office of Economic Opportunity.

PERSONAL INCOME: In 2023, Maricopa County had a per capita personal income (PCPI) of $68,111. This PCPI ranked 1st in the state (of Arizona's 15 counties) and was 108.9% of the state average, $62,543, and 97.6% of the national average, $69,810. The 2023 PCPI reflected an increase of 6.2% from 2022. The 2022–2023 state change was 6.1% and the national change was 5.4%. In 2013, the PCPI of Maricopa County was $39,600 and ranked 1st in the state. The 2013–2023 compound annual growth rate of PCPI was 5.6%. The compound annual growth rate for the state was 5.4% and for the nation was 4.6%.

GROSS DOMESTIC PRODUCT: In 2023, Maricopa County produced $383.9 billion in current-dollar total Gross Domestic Product (GDP). This GDP ranked 1st in the state (of Arizona's 15 counties) and accounted for 73.4% of the state total. From 2022 to 2023, Maricopa County real GDP grew 2.7%; for all Arizona, GDP grew 3.0%. Back in 2013, the total GDP of Maricopa County was $194.4 billion and ranked 1st in the state. The 2013–2023 compound annual growth rate for Maricopa County real GDP was 4.1%; the compound annual growth rate for the state was 3.5%.

For more info on Maricopa County's personal income and GDP, check out the county's BEA Regional Fact Sheet (BEARFACTS) 

MAJOR INDUSTRY SALES: In 2024, Maricopa County's retail sales were down 0.7% following record-high growth of 20.3% in 2021 (with records back to 2009) and follow-on gains of 7.8% in 2022 and 2.6% in 2023. Restaurant & bar sales were up 2.3% in 2024 after increasing 30.0% in 2021, 19.9% in 2022, and 5.7% in 2023 (that followed a COVID-related drop of 15% in 2020, the first year of the pandemic). Maricopa County's restaurant & bar industry has fully recovered from the COVID decline with sales from 2021 through 2024 at record highs. Hotel/motel receipts were down 0.5%% in 2024 after growing 39.3% in 2021, 44.8% in 2022, and 9.9% in 2023 (that followed a COVID-related drop of 32.3% in 2020). Maricopa County's hotel/motel industry has fully recovered from the COVID decline with sales from 2022 through 2024 at record highs. 

BANK DEPOSITS: In 2024, bank deposits in Maricopa County (as of June 30) were up 2.9% from a year prior, after falling 8.1% in 2023. That followed strong growth of 22.4% in 2020, 19.7% in 2021, and 12.9% in 2022 (the strongest three-year growth on record with records back to 1994). Deposits in those years were helped along by COVID stimulus payments and 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 Maricopa County, visit Maricopa County, AZ Real Estate Market.)

NEW HOME CONSTRUCTION: In 2023, there were 17,892 permits issued for new single-family homes in Maricopa County, down 13.0% from 2022. New single-family residential permits in 2023 were at their lowest level since 2017. For the most recent monthly data for the current year, click here.