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What is the median income in Phoenix Arizona 2024? ›

The median salary in Phoenix, AZ is $56,550, with 80% of salaries falling between $26,299 and $130,500. Salaries in Phoenix, AZ are generally below the national average.

A family of four estimated monthly costs are 3,960.5$ without rent. A single person estimated monthly costs are 1,131.1$ without rent. Phoenix is 31.0% less expensive than New York (without rent). Rent in Phoenix is, on average, 60.1% lower than in New York.

In Phoenix, Mesa, Chandler and Scottsdale it takes an hourly wage of $49.38 or an annual salary of $102,710 for a single adult to sustain comfortable living standards. For a household of four, it takes about $238,500.

While ZipRecruiter is seeing salaries as high as $302,374 and as low as $18,959, the majority of salaries within the Lower Middle Class jobs category currently range between $36,945 (25th percentile) to $85,559 (75th percentile) with top earners (90th percentile) making $125,907 annually in Phoenix.

Overall, it's going to cost you a bit more to live in Arizona than in Florida. Both states, however, are above the national average when it comes to cost of living. While both states enjoy warm weather, Arizona's climate is much drier than Florida's.

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. Living in Yuma, AZ, for example, will be cheaper than staying in Phoenix, same with living in Fort Worth, TX compared to Dallas.

Median household income in Phoenix, AZ is $72,092. In 2022, the place with the highest median household income in Phoenix, AZ was Census Tract 1080 with a value of $231,667, followed by Census Tract 1062 and Census Tract 1167.28, with respective values of $199,475 and $182,839.

In 2022, the median household income in Arizona amounted to 73,450 U.S. dollars. This is an increase from the previous year, when the median household income in the state was 70,891 U.S. dollars. The median household income for the United States can be accessed here.

What Is the Minimum Wage in Arizona for the Year 2024? The minimum wage in Arizona has been revised to $14.35 per hour effective from January 1st, 2024, which is $7.10 more than the federal minimum wage. It was raised from $13.85 to $14.35 effective January 1, 2024.

What is top 5% income in Arizona? ›