Phoenix Area Economic Summary (2022)

Phoenix Data & Facts

• Phoenix is fifth most populous city in the U.S.. Population of Phoenix is 1.6 million.
• 42.6% of its population identifies as Hispanic and 42.5% as “white”, according to 2020 census.
• The GDP of Phoenix is $240 billion, according to 2020 data.

Table of Contents

• Phoenix Data & Facts
• Unemployment rate in Phoenix, Arizona
• Major Industrial Sectors in Phoenix by Number of employees
• YoY change in Consumer Price Index in Phoenix
• Highest Paying Jobs in Phoenix Area (2022)
• Largest companies headquartered in Phoenix Area

Unemployment rate in Phoenix, Arizona

Region	Unemployment (April,21)	Unemployment (April,22)
United States	5.7%	3.3%
Arizona	5.5%	3.2%
Phoenix Metro Area	5.2%	2.7%
Maricopa County	5.2%	2.7%
Pinal County	5.4%	3.1%
Phoenix City	5.6%	2.8%

Major Industrial Sectors in Phoenix by Number of employees

Ranking	Sector	Number of employees
1.	Trade, transportation, and utilities	454,000
2.	Professional and business services	379,000
3.	Education and health services	355,000
4.	Government	244,000
5.	Leisure and hospitality	231,000
6.	Financial activities	213,000
7.	Manufacturing	143,000
8.	Construction	141,000
9.	Other Services	70,000
10.	Information	41,000
11.	Mining & Logging	3,000

YoY change in Consumer Price Index in Phoenix

Items	Phoenix	U.S city average
All Items	11.0	8.3
Food	8.6	9.4
Energy	32.6	30.3

Highest Paying Jobs in Phoenix Area (2022)

Ranking	Occupation	Phoenix Hourly Wage	U.S. avg Hourly Wage
1.	Human resources managers	$60.51/hr	$65.67/hr
2.	Electrical Engineers	$48.89/hr	$51.87/hr
3.	Registered Nurses	$39.72/hr	$39.78/hr
4.	Chefs & head cooks	$29.64/hr	$27.37/hr
5.	Carpenters	$23.77/hr	$26.53/hr
6.	Drywall and ceiling tile installers	$23.48/hr	$26.35/hr

Largest companies headquartered in Phoenix Area

Phoenix is home to 4 Fortune 500 companies currently.

Serial Number	Company Name	Fortune 500 ranking
1.	Avnet	180
2.	Freeport-McMoRan	157
3.	PetSmart	386
4.	Republic Services	329