Wealth Index
Less wealthy than 76% of states in US
The wealth index reflects the overall economic prosperity and financial well-being of a state's residents based on income levels, employment rates, and income inequality metrics.
Wealthiest and Least Wealthy Counties in Arizona
- Maricopa County (101% of U.S. avg)
- Pima County (92% of U.S. avg)
- Yavapai County (90% of U.S. avg)
- Apache County (67% of U.S. avg)
- La Paz County (73% of U.S. avg)
- Navajo County (74% of U.S. avg)
Ranked by the Map AI Wealth Index, which combines income, employment, and income inequality metrics.
Income Statistics Overview
| Metric | Arizona | US Average |
|---|---|---|
| Median Household Income | $77,100 | $78,145 |
| Median Personal Income | $58,256 | $61,726 |
| Average income growth | 5.9% | 5.1% |
| Six-Figure Earners | 11.7% | 13.2% |
The median household income in Arizona is about 1% lower than in US. Income has been growing faster in Arizona (5.9%/yr) than in US (5.1%/yr).
About 12% of adults in Arizona earn six figures ($100,000 or more) a year, lower than the US average of 13%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Arizona grew by 53.2% from 2009 to 2023, reaching $77,100 in 2023. That's an average of about 5.9% per year.
Economic Inequality in Arizona | Gender Pay Gap | Gini Coefficient
| Metric | Arizona | US Average |
|---|---|---|
| Gini Coefficient | 0.571 | 0.570 |
| Male Median Income | $63,179 | $67,746 |
| Female Median Income | $52,803 | $54,793 |
| Gender Pay Gap | 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 Arizona, it is 0.571, about the same as 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 Arizona. Over a 35-year career, a 20% wage gap accumulates to roughly $363,160 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Arizona has narrowed from about 17% to 16% in 2023. In dollar terms, the gap has widened by $2,929 since 2009.
Employment
| Metric | Arizona | US Average |
|---|---|---|
| Unemployment Rate | 5.1% | 5.2% |
| Working from Home | 16.5% | 13.4% |
| Commute time (minutes) | 22 | 22 |
Approximately 182,073 people are unemployed in Arizona.
The average commute time in Arizona is 22 minutes, about the same as in US.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Arizona has fallen from 8.9% to 5.1% in 2023.
Conclusion
Considering all these factors, Arizona has an overall wealth index grade of C, making it about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Arizona.
How Wealthy Is Arizona?
Arizona 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 $77,100, about 1% lower than the US average of $78,145.
What is the current median household income in Arizona?
As of 2023, the median household income in Arizona is $77,100.
What was the median household income in Arizona in 2023?
In 2023, the median household income in Arizona was $77,100.
What was the median household income in Arizona in 2020?
In 2020, the median household income in Arizona was $61,755.
What is the Gini coefficient in Arizona?
The Gini coefficient in Arizona is 0.571. 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 Arizona?
Since 2009, the income gap between men and women in Arizona has narrowed from about 17% to 16% in 2023. In dollar terms, the gap has widened by $2,929 since 2009.