Home › Trends11

Discover The Truth: Arizona's Average Salary Unveiled

Trends January 12, 2025

What is the average salary in Arizona? The average salary in Arizona is $56,940 per year, which is slightly below the national average of $58,260. However, the cost of living in Arizona is also slightly below the national average, which means that residents of Arizona have a relatively high standard of living.

The average salary in Arizona varies depending on the occupation, with some of the highest-paying jobs including physicians, surgeons, and dentists. The lowest-paying jobs in Arizona include retail salespersons, cashiers, and food preparation workers.

The average salary in Arizona has been increasing steadily over the past few years. In 2010, the average salary in Arizona was $51,450. By 2020, the average salary had increased to $56,940. This trend is expected to continue in the coming years, as Arizona's economy continues to grow.

There are a number of factors that contribute to the relatively high standard of living in Arizona. These include the state's strong economy, its low cost of living, and its high quality of life. Arizona is home to a number of major industries, including tourism, manufacturing, and agriculture. The state also has a strong educational system and a vibrant arts and culture scene.

Overall, the average salary in Arizona is a good indicator of the state's strong economy and high quality of life. Residents of Arizona enjoy a relatively high standard of living, with access to affordable housing, quality healthcare, and a variety of cultural and recreational activities.

Arizona Average Salary

Arizona's average salary is a key indicator of the state's economic health and quality of life. Here are six key aspects to consider:

Median Salary: $56,940
National Rank: 30th
Cost of Living: Below national average
Highest-Paying Industries: Healthcare, tech, finance
Lowest-Paying Industries: Retail, food service, hospitality
Growth Trend: Steady increase

Arizona's median salary is slightly below the national average, but the state's lower cost of living means that residents have a relatively high standard of living. The highest-paying industries in Arizona are healthcare, tech, and finance, while the lowest-paying industries are retail, food service, and hospitality. The state's average salary has been increasing steadily over the past few years, and this trend is expected to continue in the coming years.

1. Median Salary

The median salary in Arizona is $56,940, which means that half of all workers in the state earn more than this amount and half earn less. This figure is a key component of the overall "arizona average salary" statistic, which takes into account the salaries of all workers in the state, regardless of their occupation or industry.

The median salary is a more accurate representation of the typical salary in Arizona than the mean salary, which can be skewed by a small number of very high or very low salaries. For example, the mean salary in Arizona is $60,730, but this figure is inflated by the high salaries of a few top earners. The median salary, on the other hand, is not affected by these outliers and provides a more realistic picture of what most workers in Arizona earn.

The median salary in Arizona is a useful benchmark for workers to compare their own salaries to. It can also be used by businesses to determine fair wages for their employees. Additionally, the median salary can be used by policymakers to make decisions about economic development and job creation.

2. National Rank

Arizona's national rank of 30th in terms of average salary is a reflection of the state's strong economy and high quality of life. The state's median salary of $56,940 is slightly below the national average, but the cost of living in Arizona is also below the national average, which means that residents of Arizona have a relatively high standard of living. Additionally, Arizona has a strong job market, with a low unemployment rate and a growing number of jobs in high-paying industries such as healthcare, tech, and finance.

Arizona's national rank in terms of average salary is important because it provides a benchmark for the state's economic performance. The state's ranking has been improving in recent years, which is a sign that the state's economy is growing and that more people are finding good-paying jobs in Arizona.

The national rank of a state's average salary can be used to attract businesses and workers to the state. Businesses are more likely to locate in states with high average salaries, because they know that they will be able to find qualified workers who are willing to work for competitive wages. Workers are more likely to move to states with high average salaries, because they know that they will be able to find good-paying jobs and have a high quality of life.

3. Cost of Living

Arizona's cost of living is below the national average, which means that residents of Arizona have a relatively high standard of living. This is a key factor to consider when evaluating the "arizona average salary", as it means that workers in Arizona can enjoy a higher quality of life than workers in many other states, even if their salaries are lower.

Housing Costs: Housing costs are a major expense for most households, and Arizona's housing costs are below the national average. This means that workers in Arizona can afford to buy or rent a home more easily than workers in many other states.
Transportation Costs: Transportation costs are another major expense for most households, and Arizona's transportation costs are also below the national average. This means that workers in Arizona can save money on gas, car insurance, and public transportation.
Food Costs: Food costs are a significant expense for most households, and Arizona's food costs are slightly below the national average. This means that workers in Arizona can save money on groceries and dining out.
Healthcare Costs: Healthcare costs are a major concern for many families, and Arizona's healthcare costs are slightly below the national average. This means that workers in Arizona can save money on health insurance and medical care.

Overall, Arizona's cost of living is below the national average, which means that workers in Arizona can enjoy a relatively high standard of living. This is an important factor to consider when evaluating the "arizona average salary", as it means that workers in Arizona can afford to live comfortably, even if their salaries are lower than workers in other states.

4. Highest-Paying Industries

The three highest-paying industries in Arizona are healthcare, tech, and finance. These industries offer workers the opportunity to earn well above the state's average salary of $56,940. Here is a closer look at each industry and its impact on the "arizona average salary":

Healthcare: The healthcare industry is one of the largest and fastest-growing industries in Arizona. The state is home to a number of major hospitals and medical centers, as well as a large number of healthcare startups. Workers in the healthcare industry can earn an average salary of $70,000 per year, which is well above the state average.
Tech: The tech industry is another major driver of the Arizona economy. The state is home to a number of tech companies, including Intel, Microsoft, and Apple. Workers in the tech industry can earn an average salary of $80,000 per year, which is significantly higher than the state average.
Finance: The finance industry is also a major contributor to the Arizona economy. The state is home to a number of banks and financial institutions, including Wells Fargo, Bank of America, and JPMorgan Chase. Workers in the finance industry can earn an average salary of $75,000 per year, which is higher than the state average.

The high salaries in these industries contribute to the overall "arizona average salary." Workers in these industries can enjoy a high standard of living, with access to affordable housing, quality healthcare, and a variety of cultural and recreational activities.

5. Lowest-Paying Industries

The retail, food service, and hospitality industries are among the lowest-paying in Arizona. This is due to a number of factors, including the high turnover rate in these industries and the low skill requirements for many of the jobs. As a result, workers in these industries often earn well below the state's average salary of $56,940.

High Turnover Rate: The retail, food service, and hospitality industries have a high turnover rate, which means that employees frequently leave their jobs. This can make it difficult for businesses to retain experienced workers and can lead to lower wages.
Low Skill Requirements: Many of the jobs in the retail, food service, and hospitality industries do not require a high level of skill or education. This can make it difficult for workers to earn higher wages.
Limited Opportunities for Advancement: There are often limited opportunities for advancement in the retail, food service, and hospitality industries. This can make it difficult for workers to earn higher wages over time.

The low wages in the retail, food service, and hospitality industries can have a significant impact on the overall "arizona average salary." Workers in these industries often struggle to make ends meet and may have difficulty affording basic necessities such as housing, food, and transportation. Additionally, the low wages in these industries can contribute to poverty and income inequality in Arizona.

6. Growth Trend

The steady increase in Arizona's average salary is a key indicator of the state's strong economy and improving job market. Over the past decade, Arizona's average salary has grown by an average of 2% per year, outpacing the national average. This growth has been driven by a number of factors, including:

Strong job growth: Arizona has added over 200,000 jobs in the past decade, with particularly strong growth in the healthcare, tech, and finance industries.
Rising wages: Wages have been rising steadily in Arizona, with the largest gains in the healthcare, tech, and construction industries.
Low unemployment: Arizona's unemployment rate has been below the national average for most of the past decade, indicating a strong demand for workers.

The steady increase in Arizona's average salary has a number of positive implications for the state's economy and residents. Higher wages mean that workers have more money to spend on goods and services, which can boost economic growth. Additionally, higher wages can help to attract and retain skilled workers, which can lead to increased productivity and innovation.

Overall, the steady increase in Arizona's average salary is a positive sign for the state's economy and residents. This growth is expected to continue in the coming years, as Arizona's economy continues to grow and diversify.

Frequently Asked Questions About Arizona Average Salary

Here are answers to some of the most frequently asked questions about the average salary in Arizona:

Question 1: What is the average salary in Arizona?

The average salary in Arizona is $56,940 per year.

Question 2: How does Arizona's average salary compare to the national average?

Arizona's average salary is slightly below the national average of $58,260 per year.

Question 3: What are the highest-paying industries in Arizona?

The highest-paying industries in Arizona are healthcare, tech, and finance.

Question 4: What are the lowest-paying industries in Arizona?

The lowest-paying industries in Arizona are retail, food service, and hospitality.

Question 5: What is the outlook for Arizona's average salary?

The outlook for Arizona's average salary is positive, with steady growth expected in the coming years.

These are just a few of the most frequently asked questions about Arizona's average salary. For more information, please visit the Arizona Department of Economic Security website.

Transition to the next article section:

Now that you have a better understanding of Arizona's average salary, you can use this information to make informed decisions about your career and finances.

Conclusion

The average salary in Arizona is $56,940 per year, which is slightly below the national average. However, the cost of living in Arizona is also below the national average, which means that residents of Arizona have a relatively high standard of living. The highest-paying industries in Arizona are healthcare, tech, and finance, while the lowest-paying industries are retail, food service, and hospitality. The outlook for Arizona's average salary is positive, with steady growth expected in the coming years.

Understanding the average salary in Arizona can help you make informed decisions about your career and finances. For example, if you are considering moving to Arizona, you can research the average salary in your field to see if it is comparable to what you are earning in your current location. Additionally, if you are already living in Arizona, you can use the average salary as a benchmark to negotiate your salary or ask for a raise.

Overall, the average salary in Arizona is a key indicator of the state's economic health and quality of life. The state's strong economy and growing job market are contributing to a steady increase in average salaries, which is expected to continue in the coming years.