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 projected to reach 4,780,632 in 2025 and 6,414,083 by 2055, according to pre-Census 2020 projections by Maricopa Association of Governments (get Maricopa County population projections here).
UNEMPLOYMENT: Maricopa County's unemployment rate in 2020 was 7.4% (up from 4.2% in 2019, due to the COVID pandemic and related economic decline). At the peak of COVID business closures, the unemployment rate in Maricopa County hit a high of 13.5% in April 2020, its highest level on record (with records back to 2000). Maricopa County’s unemployment rate of 7.4% in 2020 was lower than the statewide rate of 7.9% and the nationwide rate of 8.1%.
NONFARM PAYROLL EMPLOYMENT: Maricopa County lost 71,100 jobs in 2020 for annual job growth of -3.4%. The private sector declined by 67,400 jobs (-3.6%), with the loss of 100 goods-producing jobs (-0.0%) and 67,300 service jobs (-4.1%). Maricopa County's government sector lost 3,700 jobs (-1.7%) in 2020, with federal jobs up by 1,400 (+6.4%) and state and local government jobs down by 5,100 (-2.5%).
Note: Labor force, employment, unemployment, and jobs data on this site are updated annually. For the most recent monthly labor market data, visit Arizona Office of Economic Opportunity.
PERSONAL INCOME: In 2019, Maricopa County had a per capita personal income (PCPI) of $49,704. This PCPI ranked 1st in the state and was 108% of the state average, $46,058, and 88% of the national average, $56,490. The 2019 PCPI reflected an increase of 3.3% from 2018. The 2018-2019 state change was 3.3% and the national change was 3.5%. In 2009, the PCPI of Maricopa County was $35,736 and ranked 1st in the state. The 2009-2019 compound annual growth rate of PCPI was 3.4%. The compound annual growth rate for the state was 3.3% and for the nation was 3.7%.
WAGES: The average annual wage in Maricopa County in 2020 was $55,184 ($26.53 hourly), which was 103% of the Arizona statewide average wage of $53,396 ($25.67 hourly) and 98% of the national average wage of $56,310 ($27.07 hourly).
MAJOR INDUSTRY SALES: In 2020, Maricopa County's retail sales were up 6.5%. Due to the COVID pandemic, restaurant & bar sales were down 15% and hotel/motel receipts were down 32.3%.
GROSS DOMESTIC PRODUCT: In 2019, Maricopa County produced $263.7 billion in current-dollar total GDP. This GDP ranked 1st in the state and accounted for 71.2% of the state total. In 2009, the total GDP of Maricopa County was $167.3 billion and ranked 1st in the state. In 2019, Maricopa County real GDP grew 3.3%; the 2018-2019 state change was 3.1%. The 2009-2019 compound annual growth rate for Maricopa County real GDP was 2.8%; the compound annual growth rate for the state was 2.4%.
In May 2021, the median price of homes sold in Maricopa County was $400,000, according to National Association of Realtors. That was up 30.3% from May 2020. The median days on market in May was 37, down from 49 in May 2020. As of June 2021, there were 16,697 homes listed for sale in Maricopa County (Maricopa County, AZ Real Estate Market).
In 2020, there were 31,658 permits issued for new single-family homes in the Phoenix-Mesa-Chandler MSA (includes both Maricopa and Pinal counties), up 26.5% from 2019. The average permit value in 2020 was $270,430, down 0.2% from the year prior.
According to research by Dean Runyan Associates for Arizona Office of Tourism, Maricopa County's travel industry (including business and leisure travel) generated $8.9 billion in direct spending in 2020, down 43.9% from 2019. Maricopa County's travel industry supported 89,000 jobs (down 18.2%) countywide with earnings of $4.4 billion (down 13.9%) in 2020, according to the study.
Check out Arizona Office of Tourism for research and marketing resources for the Arizona tourism industry.
In 2020, bank deposits in Maricopa County (as of June 30) were up 22.4% from 2019 - its fastest rate of growth on record (with records back to 1994). Deposits were helped along by the first round of COVID stimulus payments, which went out beginning in April 2020.