Thank you in advance for your support! Projected total population for each year between 2022 and 2060 for the state, counties, the Phoenix Metro Area, the Tucson Metro Area . Are you ready to sell or purchase your Land or Commercial Building in Phoenix, Scottsdale, Maricopa County and Pinal County, Arizona, please call me. The median household income in Phoenix is $57,459. Embed. Among the adult population 25 years old and over, 81.9% of Phoenix residents have at least a high school degree or equivalent, 28.6% have a bachelor's degree and 10.4% have a graduate or professional degree. If you are looking for the 2019 edition of population projections, please contact Thara Salamone (, Arizona Commerce Authority | 100 N. 7th Avenue | Suite 400 | Phoenix, Arizona 85007 | 602-845-1200, Arizona Population Projections 2022 Methodology Report, Maricopa Association of Governments [AZMAG.GOV], Pima Association of Governments [PAGNET.ORG]. "The problem is that the builders simply cannot keep up with the . But, the cost of living here is quite steep, coming in at over 30% more than the rest of the US, with housing costs that are more than double the average as well. The Phoenix Metro Area. On a per-household basis, Phoenix is located entirely in This Houston-adjacent community is projecting an extreme population increase, reflecting the rapid population growth of the state . 22.4% Annual Growth Rates. The forecast calls for Arizona to add 1.6 million jobs during the 2017 to 2047 period, which translates into annual growth of 1.5% per year. Based on the latest 2022 data from the US census, the 4. Please check your download folder. 1:41. Check out my professional profile and connect with me on LinkedIn. But rapidly rising home prices and rents are outpacing income gains, making the Valley much less affordable. The calculation is based on the average growth rate of 1.75% over last 11 years since 2011. Some of these canals later became used for the modern Arizona Canal and the Hayden-Rhodes Aqueduct. But, where have all these folks settled? Of all the housing units in Phoenix, . By 2030, 40 percent of the metro's population growth will occur in the West Valley. Go check out the latest real estate offers in Eloy on Zillow. It offers a quiet, relaxed pace of life that is still close to a big city, making it one of the up and coming cities in Arizona to watch out for. Dashboard. Metro Phoenix needs 150,000 new apartments by 2030, experts say. Buckeye, Arizona is the fastest growing area in Arizona under 100,000 people since 2010. 2010 Population: 154,065 2020 Population: 184,363 Population Growth: +30,298 (20%) Location: Check on Google Maps. Embed. It is the capital city of state Arizona. 14.0% of families are below Most of the announcements related to future expected employment changes at firms. Phoenix itself began with a Confederate veteran named Jack Swilling, who traveled there in the 1850s to seek wealth. Phoenix is the country's hottest and fifth most populous city, where businesses and people began flocking when . Here's why Arizona can expect more heat, . What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and large tracts of Residential Land Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands Commercial en.wikipedia.org/wiki/CCIM I AM YOUR LAND / INDUSTRIAL AND INVESTMENT SPECIALIST / LOOKING FOR OWNERS CLICK HERE TO VIEW ALL MY $ 60 MIL OF LISTINGS PLEASE CALL ME cell: 520-975-5207 or email me walterunger@ccim.net, The major fortunes in America have been made in land. John D. Rockefeller. In Phoenix, 82.6% of households have However, that is not likely to be true for the states growth in per capita income. Water is a wild card. About 35% of the Valley's current population lives in Phoenix, 34% live in the East Valley, 22% in the West Valley and 10% in Pinal County, according to MAG. Housing is extremely affordable in this town currently, with prices that are roughly half the national average. Our organization is made up of professional young men throughout the Phoenix metropolitan area who are leaders in their perspective industry. In the West Valley, an extension of the Loop 303 and construction of a new Interstate-11 west of the White Tanks, are also behind because of a lack of freeway funding. Please refer to the Projections Methodology section near the bottom of the page for assumptions and input data used for these alternative series. You miss 100 percent of the shots you never take, and if you think its expensive to hire a professional to do the job,wait until you hire an amateur I AM YOUR LAND / COMMERCIAL AND INVESTMENT REAL ESTATE SPECIALIST / LOOKING FOR OWNERS & BUYERS. Gilbert, Arizona is a direct neighbor to Chandler and experienced the largest percentage growth out of any large city on this list over the last 10 years. it is growing faster than 62% Based on our research, Phoenix population will reach 1.81 million by 1st July of 2023. . Phoenix-Mesa-Scottsdale, AZ Metro Area is one of the fastest growing metro areas in the country. It even made our list of the best places to live in Arizona, coming in at 15th place. About 35%of the Valleys current population lives in Phoenix, 34% livein the East Valley, 22% in the West Valley and 10%in Pinal County, according to MAG. Investment in the private physical capital stock is expected to slow during the forecast, but if growth turns out to slow more than expected, it will reduce overall economic performance. Phoenix is the capital of the state of Arizona, located in Southwestern United States adjacent to the states of California, Nevada, Utah, Colorado (at "4 corners"), and New Mexico. In addition, remember that infrastructure (highways, roads, water, sewer, airports, border ports, rail, telecommunications) matters as well. That's a 37.68 percent increase. Spanish dominates the non-English speaking Language due to Latin American immigrant population. . 2010 Population: 65,275 2020 Population: 92,736 Population Growth: +27,461 (42%) Location: Check on Google Maps. The voting age population is 49.1% male and 50.9% female. While job growth performance has not been particularly rapid so far this year, the buzz related to employment change has been unusually strong. Phoenix, Arizona 85007 | 602-845-1200 Marana is a suburb of Tucson, just 25 minutes northwest by car. WEEKLY INDUSTRIAL CLOSING UPDATE THROUGH JANUARY 24, 2020 / Phoenix Arizona Metro, Maricopa County, Pinal County. 2010 Population: 236,123 2020 Population: 271,447 Population Growth: +35,324 (15%) Location: Check on Google Maps. In-depth coverage of the Valleys real estate market and whats being built and redeveloped in your city. If you use our chart images on your site or blog, we ask that you provide attribution via a link back to this page. The Grand Canyon State has been quite popular in the last decade and it has expanded at the 10th fastest rate among all states since 2010. The second largest city, Tucson, is 33% the size of Phoenix. 2020 Population: 13,130 2030 Population Estimated: 33,287 Population Growth Estimated: +20,157 (153%) Location: Check on Google Maps. City population projections for the world's 200 largest cities in 2050 from Hoornweg & Pope's GCIF Working Paper No. Phoenix Sky Harbor International Airport, dubbed Americas Friendliest Airport, is the main airport for the Greater Phoenix area. How Does Arizona Rate When It Comes to the Knowledge Arizona Lost Ground to Its Pre-Pandemic Trend in Arizona Bankruptcies Drop for Third Year in a Row, Shrinking Share of Younger People in Arizona. 5-10,11-15,20-22,45,51), which will be aggregated. The billion-dollar question is where all those new residents will live. Steady job gains translate into continued income growth, which is forecast to average 2.6% per year during the next 30 years, after adjustment for inflation. It even made our list of the best places to live in Arizona, which are roughly 10% lower than the US average, town has been serious about its expansion as well, investing a lot of resources into improving its infrastructure, Homes.com even named Queen Creek the 10th best suburb, prices that are roughly half the national average, latest real estate offers in Eloy on Zillow, Overall cost of living is about 12% lower here, The 16 Best Places to Live in Florida for 2022, Here are the 12 Cheapest Beach Towns in California, 12 Stunning Resorts in Florida for Every Budget, California vs Florida - Our Full Comparison, 8 Fastest Growing Small Towns in Texas in 2023 Charming & Desirable, Is Sedona a Good Place to Live? Prefer cell: 520-975-5207, or email me walterunger@ccim.net. Metro Phoenixs relatively affordable housing prices have long driven the regions growth. In 2000, Hispanics and Latinos accounted for just 34% of the population. When he found the abandoned river valley, he thought it would be suitable for farming, and he built a series of canals following those of the old Native American System. WEEKLY LAND CLOSING UPDATE THROUGH DECEMBER 20, 2019 / Phoenix Arizona Metro, Maricopa County, Pinal County. We use first day of July each year due to US census bureau normally publishes the estimated population data for the same period. Exhibit 3: Population Growth in Phoenix Outpaces Tucson Mark Stapp, director of the Master of Real Estate Development program at Arizona State University, acknowledges the challenges. The world population is around 8.05 billion persons in 2023. Human capital (typically measured by educational attainment) will continue to matter. Phoenix is the cultural center of the Valley of the Sun, as well as the entire state. The age group where males are most likely to be married is Over 65, while the female age group most likely to be married is 35-44. ARE YOU READY TO SELL OR PURCHASE YOUR INDUSTRIAL / OFFICE OR RETAIL BUILDING OR YOUR LAND in Phoenix, Maricopa County and Pinal County, Arizona, please call me. Arecentreport from ASUs Kyl Center for Water Policysaysthere likelywont beenough wateravailablefrom the Central Arizona Project in the long term to replenish the groundwater used by all of the homes that are being planned. Wickenburg already made our list earlier and we think it will continue its meteoric expansion into the next decade. All rights reserved. Living in Sedona, AZ Pros and Cons, 8 Best Small Towns in Texas to Raise a Family in 2023 Safe & Great Schools, The 9 Cheapest and Safest Places to Live in California in 2023, The 8 Best Areas to Stay in San Francisco Without a Car. We analyzed the newly released Census data to find out the fastest growing cities in Arizona in 2022. Population Estimates, July 1 2021, (V2021) . Actual and Projected Net Migration and Net Natural Change in Arizona 8 4. Native Hawaiian or Pacific Islander: 0.19%. 2035 5,301,000. We believe using the recent years . Why is Goodyear, Arizona getting so popular? Phoenix residents have at least a high school degree or Dashboard. It has grown in popularity due to its affordability, warm weather all year round, and overall safety. 5TH. 2010 Population: 1,445,632 2020 Population: 1,630,451 Population Growth: +184,819 (13%) Location: Check on Google Maps. 83.19% of Phoenix residents were born in the United States, with 44.02% having been born in Arizona. One result of this, says Dr. Abram Burgher of The Pain Center, will be an increase in "pain and associated disability in the elderly, especially . But that growth cannot happen without the roads, water, sewer, electricity, jobs and shopping to support and serve it. That was slightly slower than the 2.1% rate posted in the first quarter, but above the national rate of 1.5%. Exhibit 1: The Buzz About Arizona Employment Is Strong Its rapid expansion has been primarily driven by its affordable housing rates, which are roughly 10% lower than the US average. For Arizona, this is particularly important, because the state already lags well behind the nation. Or, are they scattered across small towns that are now rapidly developing across the desert? This particular dataset tracks the number of announcements, not the number of jobs associated with the announcements. The population in 2000 was approximately 3.25 million, and has now reached almost 4.4 million which is a 35% increase of that time period. Both the Phoenix and Tucson MSAs are forecast to add jobs, population, residents, and income during the forecast. Welcome to the official website of the Active 20-30 Club of Phoenix, the oldest philanthropic organization in the valley dedicated to serving underprivileged children. Phoenix residents are in the labor force. If we look back on the last 10 years of the population growth in Phoenix, it is evident that the rate of growth is consistent and steady, with a range of 1.18 percent to 2.53 percent, which adds around 18,000 to 39,000 individuals each year to the total population.. Every single day between 2010 and 2019, the Phoenix metro area grew by about 200 people. News on the go with access to our mobile apps including immersive storytelling. of similarly sized cities since 2000. Phoenix Commercial Real Estate and Investment Real Estate: Investors and Owner / Users need to really know the market today before making a move in owner user Commercial Properties, Investment Properties and land in Phoenix / Maricopa County, Pinal County / Arizona, Properties and Investment Properties. The growth is expected to shift with the population spread out like this: 30% living in Phoenix, 27% in the East . P.O. Looking back last eleven years of Phoenixs population, the growth rate is strong and consistent ranging from 1.18% to 2.53%, adding around 18,000 to 39,000 people each year to the overall population. Phoenix has been among the country's fastest-growing cities for Welcome to the official website of the Active 20-30 Club of Phoenix, the oldest philanthropic organization in the valley dedicated to serving underprivileged children. The Granite Reef Underground Storage Project, a water bank located east of Phoenix. Phoenix is the largest city and capital of the state of Arizona. United Nations population projections are also included through the year 2035. I am also a CCIM and through this origination (www.ccim.com) I have access to marketing not only in the United States, but also international as the market has a lot of moving parts today. State Highlights. You can also define age groups (eg. Our organization is made up of professional young men throughout the Phoenix metropolitan area who are leaders in their perspective industry. The Phoenix metro population grew to 4,948,203 people by July 2019, making the Valley the No. Chandler, Arizona is another suburb of Phoenix that has seen a rapid expansion in recent years. The National Weather Service issued . 2033 5,215,000. The information in this blog-newsletter is for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. Population Growth: 2020 to 2021 YOY - 1.39% Job Growth: August 2020 to August 2021 - 68,000 jobs New Employers: Citadel, Blackstone, R&B Realty Group, Goldman Sachs, JetBlue Airways The UN anticipates that US growth will be less concentrated in the largest urban areas between 2010 and 2030. The metro area population of Phoenix in 2022 was 4,652,000, a 1.48% increase from 2021. Contact us at: hello (at) strategistico (dot) com. The mission of the Population Estimates Program is to produce population estimates for Arizona that are as accurate as possible and are based on exemplary research, solid demographic methods, and accurate and consistent input data, thereby enabling the user community to make sound, data-driven decisions. Click the Quick Info icon to the left of each row in TABLE view to learn about sampling error. The world population has grown rapidly, particularly over the past century: in 1900, there were fewer than 2 billion people on the planet. Estimates are not comparable to other geographic levels due to methodology differences that may exist between different data sources.