In 2018, Phoenix, AZ had a population of 1.66M people with a median age of 33.5 and a median household income of $57,957. Somewhere in the range of 2017 and 2018 the number of inhabitants in Phoenix, AZ grew from 1.63M to 1.66M, a 2.1% increase, and its median household income grew from $56,696 to $57,957, a 2.22% increase.
The population of Phoenix, AZ is 43% Hispanic or Latino, 42.3% White Alone, and 6.83% Black or African American Alone. 38% of the people in Phoenix, AZ speak a non-English language, and 87.6% are U.S. citizens.
The largest universities in Phoenix, AZ are Grand Canyon University (19,139 degrees awarded in 2017), Arizona State University-Downtown Phoenix (3,613 degrees), and Phoenix College (2,061 degrees).
The median property value in Phoenix, AZ is $249,100, and the homeownership rate is 53.6%. Most people in Phoenix, AZ commute by Drove Alone, and the average commute time is 24 minutes. The average car ownership in Phoenix, AZ is 2 cars per household.
In 2017, universities in Phoenix, AZ granted 38,923 degrees. The understudy population of Phoenix, AZ is slanted towards ladies, with 46,089 male students and 100,212 female students.
Most students graduating from Universities in Phoenix, AZ are White (18,650 and 48.2%), followed by Hispanic or Latino (8,240 and 21.3%), Black or African American (5,410 and 14%), and Unknown (2,836 and 7.33%).
The largest universities in Phoenix, AZ by the number of degrees awarded are Grand Canyon University (19,139 and 49.2%), Arizona State University-Downtown Phoenix (3,613 and 9.28%), and Phoenix College (2,061 and 5.3%).
The most popular majors in Phoenix, AZ are Registered Nursing (6,540 and 16.8%), General Business Administration & Management (2,755 and 7.08%), and Liberal Arts & Sciences (1,684 and 4.33%).
The median tuition costs in Phoenix, AZ is $18,021 for private four-year colleges, and $9,859 and $26,017 respectively, for public four-year colleges for in-state students and out-of-state students.
The economy of Phoenix, AZ employs 837k people and Phoenix has an unemployment rate of 4.2%. Phoenix has seen the activity advertise increase by 3.3% in the course of the most recent year. Future occupation development throughout the following ten years is anticipated to be 48.2%, which is higher than the US average of 33.5%. The largest industries in Phoenix, AZ are Retail Trade (94,969 people), Health Care & Social Assistance (92,290 people), and Accommodation & Food Services (80,905 people), and the highest paying industries are Mining, Quarrying, & Oil & Gas Extraction ($132,131), Utilities ($60,668), and Professional, Scientific, & Technical Services ($59,610).
Households in Phoenix, AZ have a median annual income of $57,957, which is less than the median annual income of $61,937 across the entire United States. This is in comparison to a median income of $56,696 in 2017, which represents a 2.22% annual growth.
Tax Rates for Phoenix
– The Sales Tax Rate for Phoenix is 8.6%. The US average is 7.3%.
– The Income Tax Rate for Phoenix is 4.2%. The US average is 4.6%.
– Tax Rates can have a big impact when Comparing the Cost of Living.
Income and Salaries for Phoenix
– The average income of a Phoenix resident is $24,057 a year.
– The Median household income of a Phoenix resident is $46,881 a year.