Pinal County's population as of Census 2020 was 425,264, up 13.2% from 2010. Pinal County's population growth was the third-fastest of Arizona's 15 counties since 2010, behind only Maricopa and Greenlee. Pinal County's population is projected to reach 535,014 in 2025 and 1,181,033 in 2055, according to pre-Census 2020 projections by Arizona Office of Economic Opportunity.
UNEMPLOYMENT: Pinal County's unemployment rate in 2020 was 7.5% (up from 5.0% in 2019, due to the COVID pandemic and related economic decline). At the peak of COVID business closures, the unemployment rate in Pinal County hit a high of 10.5% in July 2020, its highest level since June 2011. Pinal County’s unemployment rate of 7.5% in 2020 was lower than the statewide rate of 7.9% and the nationwide rate of 8.1%.
NONFARM PAYROLL EMPLOYMENT: Pinal County lost 1,000 jobs in 2020 for annual job growth of -1.6%. The private sector declined by 225 jobs (-0.5%), with the loss of 250 goods-producing jobs (-3.4%) and a gain of 25 service jobs (+0.1%). Pinal County's government sector lost 775 jobs (-3.9%) in 2020, with federal jobs up by 50 (+3.3%) and state and local government jobs down by 825 (-4.5%).
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, Pinal County had a per capita personal income (PCPI) of $32,182. This PCPI ranked 14th in the state and was 70% of the state average, $46,058, and 57% of the national average, $56,490. The 2019 PCPI reflected an increase of 3.7% from 2018. The 2018-2019 state change was 3.3% and the national change was 3.5%. In 2009, the PCPI of Pinal County was $24,177 and ranked 14th in the state. The 2009-2019 compound annual growth rate of PCPI was 2.9%. The compound annual growth rate for the state was 3.3% and for the nation was 3.7%.
WAGES: The average annual wage in Pinal County in 2020 was $45,517 ($21.88 hourly), which was 85% of the Arizona statewide average wage of $53,396 ($25.67 hourly) and 81% of the national average wage of $56,310 ($27.07 hourly).
In 2020, Pinal County's retail sales were up 18.7%. Restaurant & bar sales were up 3.0%, while hotel/motel receipts were down 6.3%.
In 2019, Pinal County produced $8.5 billion in current-dollar total GDP. This GDP ranked 4th in the state and accounted for 2.3% of the state total. In 2009, the total GDP of Pinal County was $5.9 billion and ranked 3rd in the state. In 2019, Pinal County real GDP grew 2.1%; the 2018-2019 state change was 3.1%. The 2009-2019 compound annual growth rate for Pinal County real GDP was 2.0%; the compound annual growth rate for the state was 2.4%.
HOME PRICES & DAYS ON MARKET: In May 2021, the median price of homes sold in Pinal County was $313,500, according to National Association of Realtors. That was up 33.4% from May 2020. The median days on market in May was 39, down from 55 in May 2020. As of June 2021, there were 4,115 homes listed for sale in Pinal County (Pinal County, AZ Real Estate Market).
NEW HOME CONSTRUCTION: In 2020, there were 5,957 building permits issued for new single-family homes in Pinal County, up 25.8% from 2019. New home permits in 2020 were at their highest level since 2007.
In 2020, visits to state and national parks in Pinal County were down due to the COVID pandemic and associated declines in travel. Visits to Casa Grande Ruins National Monument were down 35.3%, while visits to Lost Dutchman State Park were down 5.3%, McFarland State Historic Park visits were down 55.7%, Oracle State Park visits were down 3.3%, and Picacho Peak visits were down 15.3%.
According to research by Dean Runyan Associates for Arizona Office of Tourism, Pinal County's travel industry (including business and leisure travel) generated $533.6 million in direct spending in 2020, down 31.1% from 2019. Pinal County's travel industry supported 6,600 jobs (down 3.7%) countywide with earnings of $208.9 million (up 4.4%) 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 Pinal County (as of June 30) were up 16.7% from 2019 - its fastest rate of growth since 2005. Deposits were helped along by the first round of COVID stimulus payments, which went out beginning in April 2020.