Wealth Index
Wealthiest county in Arizona
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Maricopa County | Arizona Avg | US Average |
|---|---|---|---|
| Median Household Income | $86,053 | $77,100 | $78,145 |
| Median Personal Income | $60,864 | $58,256 | $61,726 |
| Average income growth | 6.3% | 5.9% | 5.1% |
| Six-Figure Earners | 13.6% | 11.7% | 13.2% |
The median household income in Maricopa County is about 12% higher than in Arizona. Income has been growing faster in Maricopa County (6.3%/yr) than in Arizona (5.9%/yr).
About 14% of adults in Maricopa County earn six figures ($100,000 or more) a year, higher than the Arizona average of 12%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Maricopa County, Arizona grew by 54.7% from 2009 to 2023, reaching $86,053 in 2023. That's an average of about 6.3% per year.
Economic Inequality in Maricopa County | Gender Pay Gap | Gini Coefficient
| Metric | Maricopa County | Arizona Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.565 | 0.571 | 0.570 |
| Male Median Income | $65,931 | $63,179 | $67,746 |
| Female Median Income | $55,099 | $52,803 | $54,793 |
| Gender Pay Gap | 16.4% | 16.4% | 19.1% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Maricopa County, it is 0.565, lower than Arizona's 0.571, so income is more evenly distributed here than there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 20% more than women's income in Maricopa County, Arizona. Over a 35-year career, a 20% wage gap accumulates to roughly $379,120 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Maricopa County, Arizona has widened from about 15% to 16% in 2023. In dollar terms, the gap has widened by $4,426 since 2009.
Employment
| Metric | Maricopa County | Arizona Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.6% | 5.1% | 5.2% |
| Working from Home | 18.8% | 16.5% | 13.4% |
| Commute time (minutes) | 23 | 22 | 22 |
Approximately 106,823 people are unemployed in Maricopa County, Arizona.
The average commute time in Maricopa County is 23 minutes, longer than the 22 minutes in Arizona.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Maricopa County, Arizona has fallen from 8.3% to 4.6% in 2023.
Conclusion
Considering all these factors, Maricopa County, Arizona has an overall wealth index grade of B, making it somewhat better than Arizona, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Maricopa County, Arizona.
How Rich Is Maricopa County, Arizona?
Maricopa County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $86,053, about 12% higher than the Arizona average of $77,100.
What is the current median household income in Maricopa County, Arizona?
As of 2023, the median household income in Maricopa County, Arizona is $86,053.
What was the median household income in Maricopa County in 2023?
In 2023, the median household income in Maricopa County, Arizona was $86,053.
What was the median household income in Maricopa County in 2020?
In 2020, the median household income in Maricopa County, Arizona was $68,274.
What is the Gini coefficient in Maricopa County, Arizona?
The Gini coefficient in Maricopa County is 0.565. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Maricopa County, Arizona?
Since 2009, the income gap between men and women in Maricopa County, Arizona has widened from about 15% to 16% in 2023. In dollar terms, the gap has widened by $4,426 since 2009.