Phoenix, Arizona Income Statistics
Phoenix Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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C
Phoenix Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Phoenix | Arizona Avg | US Average |
|---|---|---|---|
| Median Household Income | $81,033 | $80,381 | $80,455 |
| Median Personal Income | $53,707 | $56,905 | $60,758 |
| Average Yearly Income Growth | 6.5% | 5.7% | 4.8% |
| Six-Figure Earners | 12.5% | 12.5% | 13.9% |
| $200k+ Households | 12.4% | 11.6% | 13.2% |
The median household income in Phoenix is about 1% higher than in Arizona. Income has been growing faster in Phoenix (6.5%/yr) than in Arizona (5.7%/yr).
About 12% of adults in Phoenix earn six figures ($100,000 or more) a year, about the same as the Arizona average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Phoenix, Arizona grew by 66.3% from 2009 to 2024, reaching $81,033 in 2024. That's an average of about 6.5% per year.
Income Inequality and the Gender Pay Gap in Phoenix
| Metric | Phoenix | Arizona Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.548 | 0.548 | 0.552 |
| Male Median Income | $60,527 | $65,388 | $69,667 |
| Female Median Income | $53,947 | $54,779 | $56,850 |
| Gender Pay Gap | 10.9% | 16.2% | 18.4% |
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 Phoenix, it is 0.548, about the same as Arizona's 0.548, so income here is about as evenly distributed as there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 12% more than women's income in Phoenix, Arizona. Over a 35-year career, a 12% wage gap accumulates to roughly $230,300 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Phoenix, Arizona has widened from about 8% to 11% in 2024. Over that period the gap was widest at 12% in 2010. In dollar terms, the gap has widened by $3,513 since 2009.
Against the trend: the pay gap in Phoenix widened by 2.9 points while Arizona's narrowed by 0.9 points.
Employment
| Metric | Phoenix | Arizona Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.0% | 5.1% | 5.2% |
| Working from Home | 19.1% | 18.4% | 15.0% |
| Commute time (minutes) | 23 | 22 | 22 |
Approximately 43,786 people are unemployed in Phoenix, Arizona.
The average commute time in Phoenix is 23 minutes, longer than the 22 minutes in Arizona.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Phoenix, Arizona has fallen from 8.7% to 5.0% in 2024. Over that period the rate peaked at 10.5% in 2013.
Phoenix, AZ Wealth Compared With Nearby Cities
How Phoenix, AZ compares with the 2 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Phoenix, AZ | 1,599,139 | $81,033 #1/3 | 6.5%/yr #1/3 | 5.0% #1/3 | 0.548 #3/3 |
| Glendale, AZ | 256,120 | $74,894 | 5.8%/yr | 5.5% | 0.547 |
| Sun City, AZ | 40,024 | $54,093 | 4.7%/yr | 5.6% | 0.487 |
Conclusion
Considering all these factors, Phoenix, Arizona has an overall wealth index grade of C, making it about on par with Arizona, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Phoenix, Arizona.
How Rich Is Phoenix, Arizona?
Phoenix has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $81,033, about 1% higher than the Arizona average of $80,381.
How fast is household income rising in Phoenix, Arizona?
Between 2009 and 2024, the median household income in Phoenix, Arizona rose 66%, from $48,732 to $81,033. Over the same years, income here outpaced Arizona as a whole: +66% against +60%.
What was the median household income in Phoenix in 2023?
In 2023, the median household income in Phoenix, Arizona was $76,615, up 6% from $71,977 in 2022. The Arizona median that year was $77,075.
What was the median household income in Phoenix in 2020?
In 2020, the median household income in Phoenix, Arizona was $60,583. By 2024 it had risen 34% to $81,033.
What is the Gini coefficient in Phoenix, Arizona?
The Gini coefficient in Phoenix is 0.548. 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 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Phoenix, Arizona?
Since 2009, the income gap between men and women in Phoenix, Arizona has widened from about 8% to 11% in 2024. Over that period the gap was widest at 12% in 2010. In dollar terms, the gap has widened by $3,513 since 2009.
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