The 10 largest industries were, in descending order: real estate ($31 billion), financial services ($21.3 billion), manufacturing ($16.8 billion), health care ($15.7 billion), retail ($14.9 billion), wholesale ($12.9 billion), professional services ($12.8 billion), construction ($10.4 billion), waste management ($9.1
What are the main industries in Phoenix Arizona?
The major employment sectors in Arizona include aerospace, electronics and semi conductor manufacturing. Tourism, business services and back-office operations are also important sectors. Arizona’s original export activities – agriculture and mining – remain significant in many rural parts of the state.
What business is Phoenix known for?
Phoenix has a diverse list of large employers in both the public and private sector – from education government and healthcare to technology manufacturing and the military three of which (Wal-Mart Wells Fargo and JPMorgan Chase) made Fortune magazine’s 2010 World’s 50 Most Admired Companies list.
What is the biggest industry in Arizona?
The composition of the state’s economy is moderately diverse; although health care, transportation and the government remain the largest sectors.
What is the economy in Phoenix Arizona?
The US average is 7.3%. – The Income Tax Rate for Phoenix is 4.2%. The US average is 4.6%.
Income and Salaries for Phoenix.
| ECONOMY | Phoenix, Arizona | United States |
|---|---|---|
| Mining, quarrying, oil and gas extraction | 0.1% | 0.6% |
| Construction | 7.6% | 6.2% |
| Manufacturing | 7.4% | 10.4% |
| Wholesale trade | 2.7% | 2.7% |
Where does Phoenix get its money?
Companies. Phoenix is currently home to four Fortune 500 companies: electronics corporation Avnet, mining company Freeport-McMoRan, retailer PetSmart, and waste hauler Republic Services. Honeywell’s Aerospace division is headquartered in Phoenix, and the valley hosts many avionics and mechanical facilities.
What is the main source of income in Arizona?
Arizona’s manufacturing revenues are generated from high tech products like computers, electronic equipment, and aerospace vehicles. Agriculture and mining are also important in Arizona along with cattle ranching.
What is the biggest company in Phoenix Arizona?
Detailed List Of The 100 Biggest Companies In Arizona
| Rank | Company | City |
|---|---|---|
| 1 | Kyocera Solar | Scottsdale |
| 2 | PetSmart | Phoenix |
| 3 | Banner Health | Phoenix |
| 4 | Circle K | Tempe |
What big companies are moving to Phoenix?
7 Large Companies Moving to Arizona
- DoorDash. Just minutes from downtown Tempe, DoorDash has made its claim on Grand2 in Papago Park Center.
- Viavi Solutions.
- LiveRamp.
- Bonelli Doors + Windows.
- Moov Technologies.
- Mechanical Keyboards, LLC.
- Align Technology, Inc.
How many Fortune 500 companies are there in Phoenix?
PHOENIX, AZ — Fortune Magazine on Wednesday released its annual list of the 500 top companies in America, and five of those companies are based in Phoenix.
What jobs are in high demand in Arizona?
IN-DEMAND OCCUPATIONS
- Industry.
- Construction.
- Manufacturing.
- Health care and social assistance.
- Administrative and waste services.
- Professional and technical services.
- Mining, quarrying, and oil and gas extraction.
- Wholesale trade.
Is Phoenix a good place to live?
Thanks to its growing population and strong local economy, it’s a popular spot for everyone — from young professionals to families to, yes, retirees. Based on the U.S. Census Bureau data for 2019, Phoenix attracted more new residents than any other city in the U.S. — and it wasn’t just that year.
What is Arizona the largest producer of?
The state has the largest pecan grove in the country and the largest date plantation in the world. The animal industry, led by cattle ranching, dairy and dairy production, is the largest agricultural sector. The egg industry is growing as companies see the excellent economic opportunities.
What is the average individual income Phoenix?
Table
| Population | |
|---|---|
| Mean travel time to work (minutes), workers age 16 years+, 2016-2020 | 26.2 |
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $60,914 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $31,427 |
What is the cost of living in Phoenix?
Phoenix cost of living is 103.7
| COST OF LIVING | Phoenix | Arizona |
|---|---|---|
| Grocery | 97.3 | 96.1 |
| Health | 92.2 | 95.2 |
| Housing | 103.5 | 107.8 |
| Median Home Cost | $346,100 | $349,300 |
What is the median home price in Phoenix?
Phoenix Home Price Index Rising
According to data from realtor.com, the median listing price for a home in Phoenix in November 2020 was $417,500; a year later, median listings have risen to just under $485,000.
Why is everyone moving to Phoenix?
Add in the affordable cost of living, vast employment opportunities and rapidly growing infrastructure, all of which make the Phoenix-Metro area a thriving hub for living, working and entertaining – and add to its appeal as a place to put down roots. Phoenix is more than the Grand Canyon state.
Will Phoenix run out of water?
Phoenix plans its water supply for 50 to 100 years into the future.
Where should you not live in Phoenix?
Top 10 Worst Neighborhoods in Phoenix, Arizona
- Central City. Located at the historic center of the city, it is characterized as the urban village of Phoenix.
- Alahambra.
- Encanto.
- South Mountain.
- Laveen.
- North Mountain.
- Maryvale.
- Estrella.
What is Arizona’s biggest export?
Arizona’s largest exports by dollar value include:
- Aerospace parts and products: $3.8 billion.
- Semiconductor and other electronic components: $3.5 billion.
- Metal ores: $2 billion.
- Other fabricated metal products: $1.5 billion.
- Electrical equipment and components, not elsewhere classified: $1.2 billion.
Is Phoenix the fastest growing city?
Phoenix was the fastest-growing big city in the U.S. between 2010 and 2020 as it added 163,000 more residents, according to data released in August by the Census Bureau. Two of its suburbs — Buckeye and Goodyear in the West Valley — were among the 10 fastest-growing of all U.S. cities during the decade.