The major employment sectors in Arizona include aerospace, electronics and semi conductor manufacturing. Tourism, business services and back-office operations are also important sectors. Arizona’s original export activities – agriculture and mining – remain significant in many rural parts of the state.
What is the leading industry in Arizona?
Service Industry
Excluding agriculture, the top employment sectors in Arizona are trade, transportation, and utilities, the government, education and health services, professional and business services, leisure and hospitality, and financial activities just to mention a few.
What are the main industries in Phoenix?
The 10 largest industries were, in descending order: real estate ($31 billion), financial services ($21.3 billion), manufacturing ($16.8 billion), health care ($15.7 billion), retail ($14.9 billion), wholesale ($12.9 billion), professional services ($12.8 billion), construction ($10.4 billion), waste management ($9.1
What is Arizona famous for producing?
Cattle and calves and dairy are leading Arizona ag products, with cotton, lettuce and hay positioned as top-produced crops. Additionally, citrus is a vital economic force, and the Grand Canyon State ranks second in the nation for cantaloupe, honeydew melons and lemon production.
What industries are growing in Arizona?
5 fastest-growing tech-driven industries in Arizona
- Internet Of Things (IoT) Firstly, Arizona is home to one of the fastest growing Internet of Things industries in the United States.
- Custom Software Development.
- Renewable Energy.
- Aerospace and Defense.
- Agricultural Technology.
Who is the largest employer in Arizona?
Top Major Employers and Businesses
- State of Arizona. 49800 employees 100 N.
- Wal-Mart Stores Inc. 30634 employees 702 SW 8th Street Bentonville Arkansas 72716-8611 800-925-6278 www.walmartstores.com.
- Banner Health. 24825 employees 1441 N.
- City of Phoenix.
- Wells Fargo.
- Bank of America.
- Maricopa County.
- Arizona State University.
What is Arizona main source of income?
Based on sheer size, the real estate and rental industries, the diverse tourism sector, and government are the largest economic sectors in Arizona. Relative to the national average, the construction sector is also unusually large because of the state’s rapid growth in most recent years.
What is Arizona’s economy?
The Economy of Arizona had a total gross state product of $373 billion in 2020. The composition of the state’s economy is moderately diverse; although health care, transportation and the government remain the largest sectors.
Employment.
| Sector | Employees (thousands) |
|---|---|
| Information | 41.8 |
| Mining and logging | 13.7 |
Does Arizona have a good economy?
Economic Outlook Rank
Arizona is currently ranked 3rd in the United States for its economic outlook. This is a forward-looking forecast based on the state’s standing (equal-weighted average) in 15 important state policy variables. Data reflect state and local rates and revenues and any effect of federal deductibility.
What is the average household income in Phoenix AZ?
– The Median household income of a Phoenix resident is $46,881 a year. The US average is $53,482 a year.
Income and Salaries for Phoenix.
| ECONOMY | Phoenix, Arizona | United States |
|---|---|---|
| Household Income | $52,080 | $57,652 |
| Family Median Income | $60,013 | $70,850 |
| POPULATION BY OCCUPATION |
What is Arizona’s largest export?
aircraft goods
Arizona’s leading export is aircraft goods. Civilian aircraft and aircraft parts drive the state economy and contribute to the national economy. One notable company based in Mesa works on helicopters and fixed-wing aircraft for clients that hail from 60 countries.
What are Arizona’s top 3 exports?
Arizona’s largest exports by dollar value include:
- Aerospace parts and products: $3.8 billion.
- Semiconductor and other electronic components: $3.5 billion.
- Metal ores: $2 billion.
- Other fabricated metal products: $1.5 billion.
- Electrical equipment and components, not elsewhere classified: $1.2 billion.
How do people in Arizona earn a living?
Arizona’s manufacturing revenues are generated from high tech products like computers, electronic equipment, and aerospace vehicles. Agriculture and mining are also important in Arizona along with cattle ranching.
What big companies are moving to Arizona?
7 Large Companies Moving to Arizona in 2021
- DoorDash. Just minutes from downtown Tempe, DoorDash has made its claim on Grand2 in Papago Park Center.
- Viavi Solutions.
- LiveRamp.
- Bonelli Doors + Windows.
- Moov Technologies.
- Mechanical Keyboards, LLC.
- Align Technology, Inc.
Will Arizona keep growing?
According to Zillow, between November 2020 and November 2021, home prices soared almost 32%. According to another estimate from Zillow, prices are expected to jump another 20% across the Valley over the next year. But despite those increases, the experts say Arizona’s population will continue to grow.
What do they mine for in Arizona?
Arizona leads in copper production and is a major producer of crude perlite, molybdenum, silver, & zeolites. It also produces bentonite, cement, common clay, construction & industrial sand & gravel, crushed & dimension stone, gypsum, lime, and salt.
What is the average salary in AZ?
In 2020, the average annual pay of employees in Arizona totaled to 58,428 U.S. dollars. This is an increase from 2001 levels, when this value stood at 33,411 U.S. dollars.
What company makes the most money in Arizona?
Largest Arizona-based Public Companies
| Rank | Company | Revenue |
|---|---|---|
| 1 | Avnet | $19.04 billion |
| 2 | Freeport-McMoRan Inc. | $18.63 billion |
| 3 | Republic Services | $10.04 billion |
| View This List |
How much do you have to make to live comfortably in Arizona?
To live comfortably in Arizona, a renter should earn at least $4,764 before taxes each month. This translates to an annual pre-tax salary of $57,168. You can use our rent calculator to help you determine how much you can afford to spend on rent each month.
How is the job market in Arizona?
Over the previous decade, Arizona employment increased by 492,645 jobs, or 1.8 percent annual change, to 3,030,216 jobs in 2020 from 2,537,571 jobs in 2010. Arizona is leading on economic and workforce development programs.
Who is the most famous person in Arizona?
Barry Goldwater is the most famous person from Phoenix, Arizona. Their Zodiac sign is ♑ Capricorn. They were 89 years old at the time of their death. They are considered the most important person in history born in Phoenix in the state of Arizona.
