Maricopa County · Arizona · West · 1.6M residents
Phoenix, AZ: economy, jobs & business costs
The site-selection read on Phoenix: labor costs, talent, corporate tax, energy, and business activity, with the Arizona median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: Curated city row; coverage varies by fact.
Average weekly wages in the surrounding labor market run $1,468/wk. Arizona's corporate income tax rate is 4.9%. Commercial electricity averages 12.2¢/kWh.
Compare Phoenix side by side
Avg. weekly wage
$1,468/wk
Corporate income tax
4.9%
Bachelor's degree or higher
33.6%
Commercial electricity
12.2¢/kWh
Economic momentum
How fast Phoenix's economy is moving, ranked against the US cities we track.
58/100
Steady
Ranks Phoenix's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| Median home value | $450,000 |
| Price per sq. ft. | $285 |
| Property tax rate | 0.6% |
| 1-bedroom rent | $1,350/mo |
| 2-bedroom rent | $1,700/mo |
| State & local income tax | 1.64% |
| Sales tax | 8.6% |
| Corporate income tax | 4.9% |
| Avg. weekly wage | $1,468/wk |
| Bachelor's degree or higher | 33.6% |
| Commercial electricity | 12.2¢/kWh |
| Businesses per 1k residents | 30.2/1k |
| Wage: Software developer | $131,750 |
| Wage: Registered nurse | $100,830 |
| Wage: General manager | $98,610 |
| Wage: Customer service | $46,410 |
| Wage: Warehouse worker | $37,730 |
| Wage: Heavy truck driver | $59,770 |
| Wage: Electrician | $61,210 |
| Wage: Retail salesperson | $35,960 |
| Cost of living index | 103 |
| Groceries index | 101 |
| Utilities | $220/mo |
| Transit pass | $64/mo |
| Gas price | $3.60/gal |
| Healthcare index | 97 |
| Childcare (per child) | $1,250/mo |
| Median household income | $72,000 |
| Unemployment rate | 3.9% |
| Population | 1.6M |
| Crime index | 52/100 |
| School rating | 6.0/10 |
| Walkability | 41/100 |
| Disaster risk | 100/100 |
| Avg. commute | 27 min |
| Sunny days / year | 299 days |
| July high | 107°F |
| January low | 46°F |
| Annual snowfall | — |
| Home price YoY | -2.3% |
| Home price MoM | -0.4% |
| Rent YoY | -0.8% |
| Rent MoM | +0.2% |
| Employment (jobs) YoY | +0.3% |
| Building permits YoY | +15.5% |
| Ocean coast | 299 mi |
| Big lake | 58 mi |
| Mountains | 34 mi |
| Major airport | 3 mi |
| Ski resort | 131 mi |
Popular comparisons
Nearby
- Tempe, AZ · 188k
- Glendale, AZ · 253k
- Scottsdale, AZ · 244k
- Mesa, AZ · 512k
- Peoria, AZ · 197k
Similar size
- Tucson, AZ · 547k
- Gilbert, AZ · 280k
- Chandler, AZ · 280k
- Surprise, AZ · 155k
- San Tan Valley, AZ · 109k
Real listings in Phoenix
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Phoenix a good place to run a business?
- Arizona's corporate income tax rate is 4.9%; average weekly wages in the surrounding labor market run $1,468/wk; commercial electricity averages 12.2¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Phoenix, AZ?
- Phoenix indexes at 103 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,700/mo and a median home value of $450,000.
- How much does a house cost in Phoenix?
- The median home value in Phoenix is $450,000 (compiled estimate; individual listings vary).
- How much is rent in Phoenix?
- A two-bedroom in Phoenix rents for about $1,700/mo.