Arizona Economic Overview
Key economic indicators for Arizona (AZ). Population: 7,151,502.
Unemployment Rate
4.0%
Below national avg (~4.2%)
Median Annual Wage
$54,000
Source: Census ACS / BLS
Wage Growth (YoY)
+3.8%
Year-over-year change
Population
7.2M
Source: 2020 Census
About the Arizona Economy
Arizona has an unemployment rate of 4.0%, which is below the national average. The median annual wage is $54,000, with wages growing at 3.8% year-over-year. With a population of 7,151,502, Arizona is the a mid-size state economy in the U.S.