Maricopa County · Arizona · West · 188k residents
Tempe, AZ: economy, jobs & business costs
The site-selection read on Tempe: 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: ACS place data; supplementary fields may use state estimates.
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 Tempe side by side
Avg. weekly wage
$1,468/wk
Corporate income tax
4.9%
Bachelor's degree or higher
50%
Commercial electricity
12.2¢/kWh
Economic momentum
How fast Tempe's economy is moving, ranked against the US cities we track.
60/100
Steady
Ranks Tempe'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.
| ACS median home value | $455,400 |
| Price per sq. ft. | $275 |
| Property tax rate | 0.6% |
| 1-bedroom rent | $1,572/mo |
| 2-bedroom rent | $1,791/mo |
| State & local income tax | 1.64% |
| Sales tax | 8.4% |
| Corporate income tax | 4.9% |
| Avg. weekly wage | $1,468/wk |
| Bachelor's degree or higher | 50% |
| 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 | 110 |
| Groceries index | 100 |
| Utilities | $190/mo |
| Transit pass | $64/mo |
| Gas price | $3.40/gal |
| Healthcare index | 98 |
| Childcare (per child) | $1,150/mo |
| Median household income | $79,663 |
| Unemployment rate | 3.9% |
| Population | 188k |
| Crime index | 50/100 |
| School rating | 4.8/10 |
| Walkability | 38/100 |
| Disaster risk | 100/100 |
| Avg. commute | 26 min |
| Sunny days / year | 290 days |
| July high | 106°F |
| January low | 39°F |
| Annual snowfall | 0 in |
| Home price YoY | -1.4% |
| Home price MoM | -0.4% |
| Rent YoY | -1.8% |
| Rent MoM | -0.1% |
| Employment (jobs) YoY | +0.3% |
| Building permits YoY | +19.7% |
| Ocean coast | 307 mi |
| Big lake | 51 mi |
| Mountains | 26 mi |
| Major airport | 5 mi |
| Ski resort | 132 mi |
Popular comparisons
Nearby
- Mesa, AZ · 512k
- Scottsdale, AZ · 244k
- Chandler, AZ · 280k
- Phoenix, AZ · 1.6M
- Gilbert, AZ · 280k
Similar size
- Peoria, AZ · 197k
- Surprise, AZ · 155k
- Glendale, AZ · 253k
- San Tan Valley, AZ · 109k
- Goodyear, AZ · 108k
Real listings in Tempe
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Tempe 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 Tempe, AZ?
- Tempe indexes at 110 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $1,791/mo and a acs median home value of $455,400.
- How much does a house cost in Tempe?
- The acs median home value in Tempe is $455,400 (Census ACS estimate; individual listings vary).
- How much is rent in Tempe?
- A two-bedroom in Tempe rents for about $1,791/mo.