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. From 2020 to 2025, the countywide population increased by 7.9% to 4,787,790, according to estimates by Arizona Office of Economic Opportunity (OEO). Maricopa County's population is expected to reach 5,200,391 in 2030 and 6,529,107 in 2060, according to OEO projections.

PERSONAL INCOME: In 2024, Maricopa County had a per capita personal income (PCPI) of $72,176. This PCPI ranked 1st in the state and was 109.7% of the state average, $65,798, and 98.6% of the national average, $73,204. The 2024 PCPI reflected an increase of 4.9% from 2023. The 2023–2024 state change was 4.4% and the national change was 4.6%. Back in 2014, the PCPI of Maricopa County was $41,208 and ranked 1st in the state. The 2014–2024 compound annual growth rate of PCPI was 5.8%. The compound annual growth rate for the state was 5.6% and for the nation was 4.7%.

GROSS DOMESTIC PRODUCT: In 2024, Maricopa County produced $419.3 billion in current-dollar total GDP. This GDP ranked 1st in the state and accounted for 73.5% of the state total. Back in 2014, the total GDP of Maricopa County was $201.5 billion and ranked 1st in the state. In 2024, Maricopa County real GDP grew 4.6%; the 2023–2024 state change was 4.5%. The 2014–2024 compound annual growth rate for Maricopa County real GDP was 4.5%; the compound annual growth rate for the state was 4.0%.

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 2025, Maricopa County's retail sales totaled $74.8 billion, up 3.1% from the year prior on the heels of a 0.7% decline in 2024. That followed 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. Sales in 2025 were at a record high.
• Restaurant & bar sales in Maricopa County totaled $16.4 billion in 2025, up 3.3% from the year prior after increasing 30.0% in 2021, 19.9% in 2022, 5.7% in 2023, and 2.3% in 2024 (that followed a COVID-related drop of 15.0% 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 2025 at consecutive record highs. 
• Hotel/motel receipts in Maricopa County totaled $3.36 billion in 2025, down 0.9% from the year prior on the heels of a 0.5% decline in 2024. That was 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 in 2023 at a record high before the modest declines in 2024 and 2025. 

BANK DEPOSITS

• In 2025, bank deposits in Maricopa County (as of June 30) totaled $177.5 billion, up 5.3% from a year prior, after falling 8.1% in 2023 then increasing 2.9% in 2024. 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. 
• Deposits in 2025 were down 0.5% from the record high in 2022.

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

• Maricopa County issued 30,908 residential building permits in 2025, down 12.3% from 35,258 permits in 2024. The decline was driven by reductions in both housing types. Single-family permits fell from 21,380 units in 2024 to 17,446 units in 2025, a decrease of 18.4%, while multifamily permits declined from 13,878 to 13,462 units, down 3.0%. Despite the decline, multifamily development remained a significant component of new construction, accounting for 43.6% of all permits issued in 2025.
• Recent trends show that residential construction activity has moderated after reaching post-pandemic highs earlier in the decade. Total permits peaked at 43,403 units in 2021 before declining to 40,312 units in 2022 (-7.1%), 37,076 units in 2023 (-8.0%), 35,258 units in 2024 (-4.9%), and 30,908 units in 2025 (-12.3%). Over the four-year period from 2021 to 2025, total permitting activity declined by 28.8%, reflecting slower housing construction following the rapid growth experienced during the pandemic-era housing boom.
• Although construction activity has eased in recent years, permit levels remain well above those recorded during the housing market downturn. Maricopa County issued just 6,582 permits in 2010, the lowest level on record (with records back to 2003), before steadily recovering throughout the 2010s and early 2020s. The county reached an all-time high of 54,175 permits in 2004, meaning 2025 activity remained 42.9% below the historic peak but nearly 369.6% above the recession-era low.
• The composition of residential construction has also shifted over time. Multifamily permits increased from 6,678 units in 2003, representing 14.5% of all permits, to 13,462 units in 2025, accounting for 43.6% of total construction. This growing share of multifamily development indicates that apartments, condominiums, and other higher-density housing types now play a much larger role in meeting housing demand across Maricopa County than they did two decades ago. 
• For the most recent monthly data for the current year, click here.  

See downloadable spreadsheets below for current and historical annual building permit data.