Quick Answer: What Is The Average Annual Income In Arizona?

What is a livable wage in Arizona?

Living Wage Calculation for Arizona1 ADULT2 ADULTS (BOTH WORKING)0 Children3 ChildrenLiving Wage$12.01$20.99Poverty Wage$6.00$7.25Minimum Wage$11.00$11.00.

What is considered rich in the US?

To be considered “rich,” Americans say you need a net worth of at least $2.3 million.

What is the total income of all US citizens?

In 2018, the total personal income earned in the United States was $17.6 trillion. In 2008, all households in the United States earned roughly $12,442.2 billion. One half, 49.98%, of all income in the US was earned by households with an income over $100,000, the top twenty percent.

Is Arizona expensive to live?

Housing Costs in Arizona In June 2020, median home prices in Arizona were more than $385,000—which is nearly 13% higher than the national median of nearly $342,000. Meanwhile, the median monthly rent for a two-bedroom apartment was about 1% lower than the national median of $1,200.

What is the average mortgage payment in Arizona?

$1,394The average mortgage payment is $1,275 on 30-year fixed mortgage, and $1,751 on a 15-year fixed mortgage….Mortgage payments by state.StateMedian monthly home paymentAlaska$1,907Arizona$1,394Arkansas$1,071California$2,28246 more rows•Aug 6, 2020

Where is the highest crime rate in Arizona?

Moving up from its #2 spot last year, Globe is now the most dangerous city in Arizona. You have a 2% chance of being the victim of a violent offense; 7.5% for property crime. Tolleson: Tolleson topped the list last year, and it still surpasses Globe in terms of property crime – one in 10.9 residents are victims.

What is middle class income in Arizona?

Range of household incomes needed to be considered middle class, by family sizeStateSingleCoupleArizona$25,024 – $75,071$35,389 – $106,166Arkansas$22,675 – $68,025$32,067 – $96,202California$29,851 – $89,552$42,215 – $126,646Colorado$26,876 – $80,629$38,009 – $114,02648 more rows•Jul 15, 2020

What percentage of Americans make over 100k?

Percentage distribution of household income in the U.S. in 2019Annual household income in U.S. dollarsPercentage of U.S. households75,000 to 99,99912.3%100,000 to 149,99915.5%150,000 to 199,9998.3%200,000 and over10.3%5 more rows•Nov 5, 2020

Is Phoenix a good place to live?

Phoenix, Arizona is a great place to live. It’s a bustling city in the middle of the desert and, yes, it does get hot. Yet, that’s a minor inconvenience when you can enjoy the outdoors year-round, right? Greater Phoenix has been and continues to be one of the hottest growth areas in the United States.

What is the average US annual income?

$33,706The Bureau of Labor Statistics reported a median personal income of $865 weekly for all full-time workers in 2017. The U.S. Census Bureau lists the annual median personal income at $33,706 in 2018.

What is the average cost of living in Phoenix?

2638 E Danbury Rd Lot 7COST OF LIVINGPhoenixArizonaMedian Home Cost$239,400$249,300Utilities101.8102.7Transportation117.9107Miscellaneous100.195.84 more rows

How many billionaires are in Arizona?

nine billionairesJust like last year, Arizona has nine billionaires in 2020 according to Forbes magazine’s annual list of the world’s richest people.

What is the average income in Phoenix Arizona?

$57,957In 2018, Phoenix, AZ had a population of 1.66M people with a median age of 33.5 and a median household income of $57,957. Between 2017 and 2018 the population of Phoenix, AZ grew from 1.63M to 1.66M, a 2.1% increase and its median household income grew from $56,696 to $57,957, a 2.22% increase.

What’s the most dangerous city in Arizona?

According To FBI Statistics, These Are The 10 Most Dangerous Cities In Arizona For 2020Globe. Wikipedia/Jerry Willis. … Tolleson. Flickr/Kevin Dooley. … Page. Flickr/Diana Robinson. … Winslow. Flickr/Alan Levine. … Tucson. Flickr/David Wilson. … Tempe. Flickr/CEBImagery. … Show Low. Wikipedia/Ixnayonthetimmay. … Phoenix. Flickr/Sean Davis.More items…•

What is the racial makeup of Arizona?

TablePopulationFemale persons, percent 50.3%Race and Hispanic OriginWhite alone, percent 82.6%Black or African American alone, percent(a) 5.2%54 more rows

How much do you need to retire in Arizona?

The estimated average savings necessary for a comfortable retirement in Arizona is $1.1 million, more than in most states. This is due in large part to the high life expectancy in the state.

Is Gilbert AZ a Mormon town?

Gilbert was primarily a Mormon farming community and was once known as the “Hay Shipping Capital of the World”. The town retains its history with the water tower that still stands in the middle of it. … While the town legacy can be seen everywhere, Gilbert also boasts a modern feel in the downtown heritage district.

How much do you need to make to live comfortably in Arizona?

According to the site, the income needed in Phoenix is $48,876. The article considers 50 percent for necessities, 30 percent for discretionary spending and 20 percent for savings. In Tucson, the income required is $39,966 and is the lowest number of the 50 cities. For Mesa, the needed income is listed as $42,654.