PHOENIX Phoenix Population. City population projections for the world's 200 largest cities in 2050 from Hoornweg & Pope's GCIF Working Paper No. CLICK HERE: Arizona Opportunity Zones As We Understand /maps. it is growing faster than 62% Phoenix is currently growing at a rate of 0.99% annually and its population has increased by 3.03% since the most recent census, which recorded a population of 1,608,139 in 2020. There is also a historic downtown area with plenty of charm, which is especially great for young families and retirees, making it one of the fastest growing towns in Arizona. Phoenix population growth has led the nation for five years in a row. 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. 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. Demographics Greater Phoenix Fact Book Greater Phoenix Economic Council (800) 421-GPEC www.gpec.org 6 1.5 Age Distribution More than 22 million people visit metropolitan Phoenix each year. Embed. BIGGEST CITY IN USA, PHOENIX TOPS US IN POPULATION GROWTH (MORE THAN LA, NYC) AND WHY THATS GOOD FOR THE ECONOMY, BUSINESS, WHY PHOENIX? On a per-household basis, Homes priced at $300,000 or belowthat Valley residents making the areas median income can typically afford already are in short supply. Exhibit 3: Population Growth in Phoenix Outpaces Tucson Phoenix's fastest-growing boomburb was Chandler, shown in these images from NASA's Landsat 5 satellite on November 7, 1989 (top), and October 29, 2009 (bottom). Or, are they scattered across small towns that are now rapidly developing across the desert? 2010-2020,2025,2030-2035) Age Criteria: Valid ages are from 0 to 95 where 95 signifies all people 95 and above. JLLs LaSalle Buys Apartments Near Chandler as Outside Investors Focus on Greater Phoenix Complexes. Map. In 25 years, metro Phoenix is expected to grow to 7 million people. WEEKLY LAND CLOSING UPDATE THROUGH JANUARY 24, 2020 / Phoenix Arizona Metro, Maricopa County, Pinal County. A massive investment in infrastructure is necessary for the thousands of new homes, retail centers and job hubs that wouldaccommodate another million people. 30-Year Long-run Forecast Horizon, By George W. Hammond, Ph.D. However, as the exhibit shows, Arizona is forecast to far outpace the national average rate of 0.7% per year. This is a slight increase from . Projected total population for each year between 2022 and 2060 for the state, counties, the Phoenix Metro Area, the Tucson Metro Area, and Balance of State: Projected total population, components of population change, population by sex and age group, population by sex and single year of age for age group 19 and younger, population by race and Hispanic origin: Sub-county population projections that are consistent with the 2022 medium series of county population projections will be published here by the end of September 2023. Please check maps if your Land or Commercial Property is in the Opportunity Zone, IF SO CONTACT ME / THIS IS FOR SELLERS AND BUYERS. Additionally, the city has been investing a lot of resources into improving its infrastructure to keep up with the demand, which is very nice to see. Phoenix, Arizona is growing somewhat quickly; 2.6% speak an Indo-European language, and In 25 years, metro Phoenix is . It is filled with luxury homes, lavish resorts, and tons of golf courses. Table. Indeed, average wages per worker (calculated as total wage and salary disbursements divided by total nonfarm jobs) rose just 1.8% over the year. Metro Phoenixs relatively affordable housing prices have long driven the regions growth. While job growth performance has not been particularly rapid so far this year, the buzz related to employment change has been unusually strong. In early 2013, Forbes ranked the Phoenix Metro Area as the 8th fastest-growing major city in the United States, after Austin, Houston, Dallas, Raleigh, Salt Lake City, Seattle, and Provo. I am marketing my listings on Costar, Loop-net CCIM, Kasten Long Commercial Group. In the long-run, the risks to the outlook revolve around the major drivers of economic development: labor force growth, productivity and innovation, investment in the physical capital stock, and human capital development. 2022-2060 Projections: All tables and documents in one zip file: Arizona State and County Population Projections Methodology, 2022-2060. Email. Population projections are made for July 1 of each year in the projection period. Arizonas job growth continued at a moderate pace in the second quarter of 2017. Pinal County's population jumped 4.6% and Yavapai County's grew by 2.2% in 2021, compared to Maricopa County's 1.3% for the year. Copyright 2022 The Arizona Board of Regents on behalf of The University of Arizona. Phoenixs population density is 3,119 people per square kilometer, which is one of the most densely populated major city in US. If you are looking to take advantage of the boom before it happens, then take a serious look at these up and coming cities in Arizona. 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? DANIEL SLIM/AFP via Getty Images Phoenix has added 163,000 residents over the span of . The city added 17,237 people between . Chart and table of population level and growth rate for the Phoenix metro area from 1950 to 2023. But, where have all these folks settled? 2031 5,126,000. Source: U.S. Department of Commerce, Census Bureau . The interactive map shows the location of each community (10+ units) and each location is color coded by the size (number of total units). The Phoenix MSA is home to 67% of the state's population and has been one of the top growth areas in the nation. WHY PHOENIX? The same study says that other religions (including Judaism, Buddhism, Islam, and Hinduism) collectively make up about 7% of the population. Phoenix city, Arizona. North of Chandler, Mesa (shown in the large image) had a population of almost 400,000 in the year 2000.) WEEKLY INDUSTRIAL CLOSING UPDATE THROUGH DECEMBER 13, 2019 / Phoenix Arizona Metro, Maricopa County, Pinal County. residents have an income below the poverty line, and the child poverty rate If Arizonas college attainment rate continues to lag behind the national average, it will be very difficult to close the income gap. Following the release of our 2018 population projections, . For Arizona, this is particularly important, because the state already lags well behind the nation. Phoenix is located entirely in Approximately 10.9% of the resident are over 62. Please refer to the Projections Methodology section near the bottom of the page for assumptions and input data used for these alternative series. 22.4% San Antonio continues to record impressive population growth, ranking second nationally in increase in population in a single year, new census numbers show. Users should exercise caution when comparing 2017-2021 ACS 5-year estimates to other ACS estimates. By . More jobs also are needed near Valley edge communities where new affordable homes can go up. Is it the big metropolitan areas like Phoenix and Tucson? That growth is increasingly driven by net migration, as natural increase (the annual difference between births and deaths) decelerates due to the aging of the population. Chandler, Arizona is another suburb of Phoenix that has seen a rapid expansion in recent years. The Phoenix metropolitan statistical area (MSA) added 50,300 jobs over the year in the second quarter, for 2.6% growth. 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. Phoenix has been among the country's fastest-growing cities for In 2020, Phoenix, AZ had a population of 1.66M people with a median age of 33.9 and a median household income of $60,914. QuickFacts provides statistics for all states and counties, and for cities and towns with a population of 5,000 or more. Here's why Arizona can expect more heat, . Population Growth of Phoenix. The median rental costs in recent years comes to - per month, and the median house value is -. It is also the county seat of Maricopa County. Homes.com even named Queen Creek the 10th best suburb to move to in all of America, making it one of the major up and coming cities in Arizona. Additionally, 42.6% of the population identifies as Hispanic. About 100,000 people are stuck on Hunt Highway every day because theres not enough money to fund that roadways expansion, he said. It is the capital city of state Arizona. Exhibit 2 shows the long-run history and forecast for Arizona and U.S. job growth. But rapidly rising home prices and rents are outpacing income gains, making the Valley much less affordable. Since the 2000 Census, the proportion of white people in Phoenix has dropped from 71% and African American proportion has grown from 5%. Population Estimates, July 1 2022, (V2022) . Why is Goodyear, Arizona getting so popular? Tucson is also less than half the size of Phoenix in terms of its actual square miles, too. 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 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. an active broadband internet connection. The Hohokam eventually abandoned the area between 1300 and 1450 due to floods and drought, and the Akimel O'odham settled here, as well as the Yavapai and eventually the Maricopa. The best guide in Arizona to getaways, concerts and the dining scene. QuickFacts data are derived from: Population Estimates, American Community Survey, Census of Population and Housing, Current Population Survey, Small Area Health Insurance Estimates, Small Area Income and Poverty Estimates, State and County Housing Unit Estimates, County Business Patterns, Nonemployer Statistics, Economic Census, Survey of Business Owners, Building Permits. Box 32381 . Phoenix-Mesa-Scottsdale, AZ Metro Area is one of the fastest growing metro areas in the country. Slower growth for both Arizona and the U.S. is driven by a major demographic transition, as baby boomers retire in large numbers. While these announcements are related to future changes in published job data, the connection is loose. Slowing labor force growth, driven by retirement of baby boomers, is already built into the baseline forecast. Phoenix is expected to add 2.6 million new residents during the period, which translates into 1.5% growth per year. With a 2023 population of 1,656,892, it is the largest city in Arizona and the 5th largest city in the United States.Phoenix is currently growing at a rate of 0.99% annually and its population has increased by 3.03% since the most recent census, which recorded a population of 1,608,139 in 2020. Credit: City of Phoenix from U.S. Census Bureau 2020 city population estimates. Thank you in advance for your support! Unemployment rates-15.-10.-5. Phoenix is a city located in Maricopa County Arizona. Water is a wild card. Based on our research, Phoenix population will reach 1.81 million by 1st July of 2023. Its rapid expansion has been primarily driven by its affordable housing rates, which are roughly 10% lower than the US average. Published by Erin Duffin , Sep 30, 2022. Overview Plan Elements Funding Progress Citizens Commission News & Resources Contact Us Launch the Interactive Pavement Maintenance Dashboard to view completed and planned pavement maintenance projects. The second largest city, Tucson, is 33% the size of Phoenix. WEEKLY INDUSTRIAL CLOSING UPDATE THROUGH NOVEMBER 1, 2019 / Phoenix Arizona Metro, Maricopa County, Pinal County. That is a bit more than double the national rate of 0.6% per year. In 25 years, metro Phoenix is expected to grow to 7 million people. Greater Phoenix is home to more than 200 golf courses. However, growth is expected to be much more rapid in Phoenix than in Tucson. Forecast data for Arizona, Phoenix MSA, and Tucson MSA. Phoenix is the US's deadliest city for heat fatalities while its urban sprawl makes it a concrete heat island. Some estimates presented here come from sample data, and thus have sampling errors that may render some apparent differences between geographies statistically indistinguishable. Area of Phoenix, Kwazulu Natal: 26.5 km: Population: 178,318: Male Population: Female Population: Population change from 1975 to 2015 +98%: Population change from 2000 to 2015 +14%: Median Age: 31.5 years old: Male Median Age: 30.3 years old: Female Median Age: 32.7 years old: Timezone: South Africa Standard Time 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. Mark Stapp, director of the Master of Real Estate Development program at Arizona State University, acknowledges the challenges. Its unknown whether every growth area will have aguarantee of adequate water supply for the foreseeable future. Different vintage years of estimates are not comparable. Selover says that the daytime temperatures in Phoenix are now approximately 2.5-degrees . The median household income in Phoenix is $57,459. Philadelphia keeps its rank as the country's sixth-largest city after Phoenix overtook it within the last few years. Tucson is forecast to add 227,000 residents, which translates into growth of 0.7% per year on average. Metro Phoenix has plenty of land for growth, said real estate expert Greg Vogel, CEO of Arizona Land Advisors Organization. WEEKLY LAND CLOSING UPDATE THROUGH DECEMBER 27, 2019 / Phoenix Arizona Metro, Maricopa County, Pinal County. Published July 31, 2022 7:30PM (EDT) An aerial view shows people walking past a homeless encampment in the afternoon heat on July 21, 2022 in Phoenix, Arizona. 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. QuickFacts provides statistics for all states and counties, and for cities and towns with a population of 5,000 or more. In Phoenix, 10.0% of the 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. Spanning over 519 miles, Phoenix has a population density of 3,201 people per square mile. That means Arizona is forecast to lose ground to the nation on a key measure of prosperity. Copyright 2023 Walter-Unger.com | Powered by Astra WordPress Theme, CLICK HERE TO VIEW ALL MY $ 60 MIL OF LISTINGS, recentreport from ASUs Kyl Center for Water Policy, WEEKLY LAND CLOSING UPDATE THROUGH JANUARY 10, 2020 / Phoenix Arizona Metro, Maricopa County, Pinal County. While the population of the major cities is always growing, a number of cities not associated with any major urban areas have also grown, such as Henderson, Nevada (2.76%), Scottsdale, Arizona (2.75%), and Durham, North Carolina (2.09%). Exhibit 1 shows monthly announcements by firms related to both employment increase and employment decrease. There are many lakes, mountains, and hiking trails that are easily accessible from the city. The end of the Mexican-American war in 1848 resulted in much of the land in the region passing to the US, and a fort was eventually created by the US Army in the area in 1865 to quell uprisings from local Native Americans. Spanish dominates the non-English speaking Language due to Latin American immigrant population. It is located about 40 minutes from Downtown Phoenix and offers small town charm with many amenities. In Phoenix, 21.0% of the In-depth coverage of the Valleys real estate market and whats being built and redeveloped in your city. are occupied by their owners. Peoria is also the spring training home to the Seattle Mariners and San Diego Padres. Average Hourly Earnings Compare Western States and U.S. Average Hourly Earnings Compare Select Western Metros. By 1950, Phoenix was home to 100,000 people in the city and thousands in surrounding areas, and it continued to attract new business and become a popular tourist destination. Phoenix is also one of only 13 cities in the US to have a sports team in all 4 major sports. If Arizonas education gap rises during the next 30 years, it will set the stage for ever larger income gaps with the U.S. The National Weather Service issued . Phoenix, on the other hand, is likely to bounce back strongly from its current problems. By 2030, about a quarter of the population will be seniors, according to the Arizona Department of Economic Security's State Plan on Aging. The city averaged a four percent annual population growth rate over a 40-year period from the mid-1960s to the mid-2000s. We analyzed the newly released Census data to find out the fastest growing cities in Arizona in 2022. This particular dataset tracks the number of announcements, not the number of jobs associated with the announcements. The highest rate of high school graduation is among white people with a rate of 83.79%. Eric Anderson, executive director of the Maricopa Association of Governments, said about 50 percent of Pinal residents currently commute to Maricopa County. POPULATION IN 1950 THERE WERE 331,700 PEOPLE LIVING IN PHOENIX NOW 5 MIL. Phoenix Sky Harbor International Airport, dubbed Americas Friendliest Airport, is the main airport for the Greater Phoenix area. There are long-term questions about whether there is enough water to accommodate the expected growth in places such as Pinal County and Buckeye. Some of these canals later became used for the modern. 2010 Population: 26,361 2020 Population: 61,640 Population Growth: +35,279 (133%) Location: Check on Google Maps. In 2007, it became the second-fastest growing metro area in the US after Las Vegas with a growth of 24%, but it was one of the hardest hit areas during the subprime mortgage crisis. It is also known as Valley of the Sun and The Valley. . . Arizonas population has been booming lately, so we examined which big and small cities were growing the quickest so that you can understand where you may want to head to (or avoid) next. It is the fifth most populous city in the United States, the most populous state capital in the country, and the only U.S. state capital with a population of more . It is the only city with over 1 million residents in Arizona and it has continued to expand for the last 10 years. QuickFacts provides statistics for all states and counties, and for cities and towns with a population of 5,000 or more. The metro area population of Phoenix in 2021 was 4,584,000, a 1.62% increase from 2020. In 2010, the metropolitan area was 35% Catholic, 22% Evangelical Protestant, 16% LDS, 14% nondenominational, 7% Mainline Protestant, 2% Hindu, and 4% other religions. If growth turns out to be even slower, that will reduce state growth as well. The Phoenix metro population grew to 4,948,203 people by July 2019, making the Valley the No. This small town is located just north of Eloy, and is also about 1 hour from Phoenix and Tucson. Historically, new Valley homes have gone up before the freeways to serve them, straining existing transportation systems. Service-providing sectors account for most of Arizonas job growth during the forecast. Native Hawaiian or Pacific Islander: 0.19%. The metro area population of Tucson in 2021 was 993,000, a 1.12% increase from 2020. Marana is a suburb of Tucson, just 25 minutes northwest by car. . WEEKLY LAND CLOSING UPDATE THROUGH NOVEMBER 22, 2019 / Phoenix Arizona Metro, Maricopa County, Pinal County. In early 2021, Phoenix was enjoying a period of "Good" quality air with a US AQI reading of just 36. 0.0 5.0 10.0 15.0 Dec-19 Dec-20 Dec-21 Dec-22 Phoenix metro area United States Source: U.S. BLS, Current Employment Statistics. Our organization is made up of professional young men throughout the Phoenix metropolitan area who are leaders in their perspective industry. Maricopa County has about $460 million for freeway funding from sales tax proceeds. 10 most populous in the country and bumping Boston out of the top 10, according to U.S. Census Bureau . residents in the non-military labor force 50.2 percent of the Phoenix population is male and 49.8 percent are female. Queen Creek registered the most explosive growth percentage-wise out of any other place on this list. In fact, Phoenix was not just the fastest growing city in Arizona, but it was actually the fastest growing large city in all of the US. I am also in this to make money therefore it will be a win-win situation for all of us. The highest rate of bachelors degrees is among asian people with a rate of 50.77%. 2030: 8.5 billion; 2050: 9.7 billion; 2100: 10.9 billion; In contrast, IHME paints a different picture. Also, we took a look at some of the up and coming cities in Arizona that are predicted to grow the fastest by 2030. They said, Go west, young man. That phrase has never been more relevant than today. 12-month percent changes in . 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.. 2030 5,081,000. It offers 300+ days of sunshine along with a countless number of outdoor activities nearby. That will be like adding a city the size of San Jose, California or Austin, Texas to the Valley. Weekly Land Sales to February 24, 2023 / Phoenix / Maricopa and Pinal County Arizona. The unemployment rate in Phoenix is 5.4%, which is calculated among residents aged 16 or older who are in the labor force. Philadelphia's 5.1% increase in population in the 2010s was the largest 10-year population gain since 1950, when the city grew by 7.3%. We use first day of July each year due to US census bureau normally publishes the estimated population data for the same period. Downtown Developments . It is another excellent place for young families, offering a top notch school system that earned an A- grade on Niche.com and plenty of recreation in and around the city to enjoy.