Many households in Arizona made more than $3,000 last year than they did in 2019, even when adjusting for inflation.
The American Community Survey single-year estimate, an annual product of the U.S. Census, reports Arizona has a median household income of $74,568. This compares to about $71,363 in inflation-adjusted dollars in 2019.
This ranks Arizona number one among all 50 states, plus Washington D.C., and Puerto Rico. Other states seeing rising household incomes of over 3% include Idaho, Montana, and Maine. High earners in this income bracket grew by 36%, far outpacing the next group of earners from $75,000 to $99,999 which grew by 6%. Income brackets less than $75,000 all fell as a proportion of the Valley’s population.Valley residents with a four-year degree grew by 9% from 2019 and surpassed those reporting a high school diploma as their highest level of attainment as the largest share of the population.
Of the cities and towns with populations over 65,000 the highest median household incomes are almost all located in the East Valley.