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 2021 was 4.1% (down from 7.3% in 2020, the first year of the COVID pandemic). At the peak of COVID business closures, the unemployment rate in Yavapai County hit a high of 15.1% in April 2020. Yavapai County’s unemployment rate of 4.1% in 2021 was lower than the statewide rate of 4.9% and the nationwide rate of 5.3%.
NONFARM PAYROLL EMPLOYMENT: Yavapai County gained 2,500 jobs in 2021 for annual job growth of 3.9%. The private sector added 2,600 jobs (4.9%) and the government sector lost 100 jobs (-0.9%). In the private sector, goods-producing jobs were up by 300 (3.0%) while service jobs grew by 2,300 (5.3%).
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 2020, Yavapai County had a per capita personal income (PCPI) of $44,490. This PCPI ranked 5th in the state and was 90% of the state average, $49,648, and 75% of the national average, $59,510. The 2020 PCPI reflected an increase of 8.3% from 2019. The 2019-2020 state change was 8.4% and the national change was 6.2%. In 2010, the PCPI of Yavapai County was $29,318 and ranked 8th in the state. The 2010-2020 compound annual growth rate of PCPI was 4.3%. The compound annual growth rate for the state was 3.9% and for the nation was 3.9%.
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 2021, Yavapai County's retail sales were up 18.0%, on the heels of a 13.0% jump in 2020. Restaurant & bar sales were up 29.4% in 2021, rebounding from a COVID-related drop of 7.5% in 2020. Hotel/motel receipts were up 69.9% in 2021, following a 9.8% decline in 2020.
In 2020, Yavapai County produced $7,804,778 in current-dollar total GDP*. This GDP ranked 5th in the state and accounted for 2.1% of the state total. In 2010, the total GDP of Yavapai County was $5,456,106 and ranked 6th in the state. In 2020, Yavapai County real GDP fell 1.1%; the 2019-2020 state change was -1.0%. The 2010-2020 compound annual growth rate for Yavapai County real GDP was 1.5%; the compound annual growth rate for the state was 2.1 %.
*GDP estimates are in thousands of dollars.
HOME PRICES & DAYS ON MARKET: In March 2022, the median price of homes sold in Yavapai County was $534,900, according to National Association of Realtors. That was up 30.5% from March 2021. The median days on market in March was 43, down from 47 in March 2021. As of May 2022, there were 3,928 homes listed for sale in Yavapai County, down from 4,041 in June 2021 (Yavapai County, AZ Real Estate Market).
NEW HOME CONSTRUCTION: In 2021, there were 1,905 building permits issued for new single-family homes in Yavapai County, up 10.2% from 2020. New home permits in 2021 were at their highest level since 2006. The average permit value in 2021 was $306,883, up 5.6% from the year prior.
In 2021, visits to Granite Mountain Hotshots Memorial State Park fell by 35.4%, after an increase of 2.2% in 2020. Dead Horse Ranch visits were down 2.7% in 2021, following a 19.9% jump in 2020. Visits to Montezuma Castle were up 72.8% in 2021, rebounding from a 35.7% COVID-related drop in 2020. Visits to Tuzigoot National Monument were up 58.8% in 2021, after falling 20.5% in 2020. Fort Verde visits were up 53.9% in 2021, following a decline of 45.8% in 2020. Jerome State Historic Park visits were up 68.8% in 2021, after falling 46.2% in 2020. Red Rock visits were up 42.0% in 2021, following a COVID-related drop of 13.5% in 2020.
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 2021, bank deposits in Yavapai County (as of June 30) were up 13.1%. That followed a gain of 17.1% in 2020 - its fastest rate of growth on record (with records back to 1994). Deposits in 2020 and 2021 were helped along by COVID stimulus payments and programs.