What Is The Average Annual Income In Arizona?

$61,529.
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What is a good salary in Arizona?

A good salary in Phoenix, AZ is anything over $42,000. That’s because the median income in Phoenix is $42,000, which means if you earn more than that you’re earning more than 50% of the people living in Phoenix. The average salary in Phoenix is $50,474. A good hourly wage in Phoenix is $20.19 per hour.

What is the average income in Arizona 2021?

In 2021, the average annual pay of employees in Arizona totaled to 61,744 U.S. dollars. This is an increase from 2001 levels, when this value stood at 33,411 U.S. dollars.

What is considered high income in AZ?

According to Business Insider, Arizona residents need to make at least $107,120 each year to be considered “upper income” or “rich” — a far cry from the state’s median annual household income, which was $35,880 in 2016.

What is the average cost of living in Arizona?

An amount below 100 means Arizona is cheaper than the US average. A cost of living index above 100 means Arizona, Arizona is more expensive.
Arizona cost of living is 102.2.

What is minimum wage in AZ?

(Arizona’s minimum wage currently is $12.80 per hour.) But there is more to the Tucson ordinance than just a pay increase for minimum wage workers. The ordinance also creates a host of other employer requirements unrelated to the minimum wage that substantially affects the employer-employee relationship.

What is middle class income in Arizona?

As of Jul 31, 2022, the average annual pay for the Lower Middle Class jobs category in Phoenix is $52,878 a year. Just in case you need a simple salary calculator, that works out to be approximately $25.42 an hour. This is the equivalent of $1,017/week or $4,407/month.

What is considered upper class in Arizona?

While ZipRecruiter is seeing salaries as high as $100,061 and as low as $19,524, the majority of salaries within the Upper Class jobs category currently range between $37,584 (25th percentile) to $65,406 (75th percentile) with top earners (90th percentile) making $81,025 annually in Arizona.

What is considered poverty level in Arizona?

How is poverty defined? In 2018, the federal poverty income threshold was $25,465 for a family of four with two children, and $17,308 for a single parent of one child. If a family’s total income is less than the corresponding threshold, then that family and every individual in it is considered in poverty.

Where do the rich live in AZ?

Nestled in Maricopa County, Paradise Valley is the richest city in Arizona (and one of the richest in the country). Its quiet charm and privacy attract affluent business moguls, celebrities, sports figures, and residents looking for a private oasis. With a population of 14,637, the median household income is $211,393.

What is the top 5% income in Arizona?

Arizona

• Average top 5% income: $328,778.
• Lower limit of top 5%: $195,113.

How much does the average household make in Arizona?

$61,529
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Is it cheaper to live in Texas or Arizona?

Which state is more affordable? In short, Texas. The cost of living index and median housing prices are lower in Texas than in Arizona, but that also depends on the neighborhood you are in.

Is Arizona cheaper than California?

Cost of living
California is 29.3% more expensive than Arizona. If to compare the average cost of living in Phoenix, Arizona, and Los Angeles, California, you will find that CA is far more costlier than AZ. California’s housing cost is 36.8% costlier.

Why is rent so high in Arizona?

Population growth is one reason why rent is increasing. However, she says that because the rents are rising that population growth could slow. Phoenix also saw a lot of job growth, which enticed more people to move here.

What does McDonald’s pay in Arizona?

How much does McDonald’s in Arizona pay? Average McDonald’s hourly pay ranges from approximately $10.05 per hour for Grill Cook to $31.69 per hour for Accounts Receivable Clerk. The average McDonald’s salary ranges from approximately $18,000 per year for Crew Member to $121,484 per year for Shift Leader.

How much do you need to live comfortably in Phoenix?

To live comfortably in Arizona, a renter should earn at least $4,764 before taxes each month. This translates to an annual pre-tax salary of $57,168.

What state has the highest minimum wage?

Excluding Washington, D.C.’s $15.20 hourly minimum wage, California has the highest in the country at $14 per hour. Washington and Massachusetts are close behind, with $13.69 per hour and $13.50 per hour, respectively.

Whats the richest city in Arizona?

Paradise Valley
According to the report, the wealthiest city in Arizona is Paradise Valley. Here are some Paradise Valley statistics: Median household income: $211,393 (207.7% more than U.S. median income) Households earning over $200,000: 2,796 (52.2% of households)

What salary is upper class?

In 2021, the median household income is roughly $68,000. An upper class income is usually considered at least 50% higher than the median household income. Therefore, an upper class income in America is $100,000 and higher.

What salary is considered rich?

For high earners, a three-person family needed an income between $106,827 and $373,894 to be considered upper-middle class, Rose says. Those who earn more than $373,894 are rich.