Yavapai County's population as of Census 2020 was 236,209, up 11.9% from 2010 (the fourth-fastest population growth of Arizona's 15 counties). Yavapai County's population is projected to reach 245,868 in 2025 and 311,629 in 2055, according to pre-Census 2020 projections by Arizona Office of Economic Opportunity.
UNEMPLOYMENT: Yavapai County's unemployment rate in 2020 was 7.5% (up from 4.6% in 2019, due to the COVID pandemic and related economic decline). At the peak of COVID business closures, the unemployment rate in Yavapai County hit a high of 15.9% in April 2020, its highest level on record (with records back to 2000). Yavapai 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: Yavapai County lost 2,300 jobs in 2020 for annual job growth of -3.5%. The private sector declined by 2,000 jobs (-3.6%), with the loss of 100 goods-producing jobs (-1.0%) and 2,000 service jobs (-4.5%). Yavapai County's government sector lost 300 jobs (-2.7%) in 2020, with federal jobs up by 200 (+13.3%) and state and local government jobs down by 400 (-4.3%).
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, Yavapai County had a per capita personal income (PCPI) of $41,393. This PCPI ranked 6th in the state and was 90% of the state average, $46,058, and 73% of the national average, $56,490. The 2019 PCPI reflected an increase of 2.4% from 2018. The 2018-2019 state change was 3.3% and the national change was 3.5%. In 2009, the PCPI of Yavapai County was $29,099 and ranked 7th in the state. The 2009-2019 compound annual growth rate of PCPI was 3.6%. The compound annual growth rate for the state was 3.3% and for the nation was 3.7%.
WAGES: The average annual wage in Yavapai County in 2020 was $46,737 ($22.47 hourly), which was 88% of the Arizona statewide average wage of $53,396 ($25.67 hourly) and 83% of the national average wage of $56,310 ($27.07 hourly).
In 2020, Yavapai County's retail sales were up 13%. Due to the COVID pandemic, restaurant & bar sales were down 7.5% and hotel/motel receipts were down 9.8%.
In 2019, Yavapai County produced $7.6 billion in current-dollar total GDP. This GDP ranked 6th in the state and accounted for 2.0% of the state total. In 2009, the total GDP of Yavapai County was $5.4 billion and ranked 6th in the state. In 2019, Yavapai County real GDP grew 2.4%; the 2018-2019 state change was 3.1%. The 2009-2019 compound annual growth rate for Yavapai County real GDP was 1.4%; 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 Yavapai County was $340,000, according to National Association of Realtors. That was up 21.6% from May 2020. The median days on market in May was 52, down from 71 in May 2020. As of June 2021, there were 4,041 homes listed for sale in Yavapai County (Yavapai County, AZ Real Estate Market).
NEW HOME CONSTRUCTION: In 2020, there were 1,729 building permits issued for new single-family homes in Yavapai County, up 8.9% from 2019. New home permits in 2020 were at their highest level since 2006. The average permit value in 2020 was $290,518, down 3.0% from the year prior.
In 2020, visits to state and national parks in Yavapai County were down due to the COVID pandemic and associated declines in travel, with the exception of Granite Mountain Hotshots Memorial State Park, which saw visits increase by 2.2%, and Dead Horse Ranch with visits up 19.9%. Visits to Montezuma Castle were down 35.7%, while visits to Tuzigoot National Monument were down 20.5%, Fort Verde visits were down 45.8%, Jerome State Historic Park visits were down 46.2%, and Red Rock visits were down 13.5%.
According to research by Dean Runyan Associates for Arizona Office of Tourism, Yavapai County's travel industry (including business and leisure travel) generated $751.3 million in direct spending in 2020, down 24.9% from 2019. Yavapai County's travel industry supported 8,600 jobs (down 16.2%) countywide with earnings of $258.2 million (down 9.2%) 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 Yavapai County (as of June 30) were up 17.1% 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.