Phoenix Arizona Living

The City of Phoenix, Arizona, is the business and cultural hub of the Southwestern United States. As America's fifth largest city, Phoenix is Arizona's state capital, and the heart of a booming metropolis that is consistently one of the fastest growing cities in the nation.

With one of the lowest costs of living compared to other major cities, and all the amenities one would expect of a modern metropolitan area, Phoenix is an excellent location for business and citizens to call home.

Phoenix Median Home Price

The median price of a pre-owned home is about $166,925.

Population, 2004 - 1,416,055

Growth, 1990-2004 - 44%

Total Civilian Labor Force, 2002 - 677,957

Employed 623,979
Unemployed 52,580

Median Age, 2002 - 31 years

0 - 20 years 31.2%
20 - 24 years 8.2%
25 - 59 years 49.8%
60+ years 10.8%

Education, 2002

High school graduate 23.6%
Some college 24.9%
Bachelors degree 15.7%
Graduate or professional degree 7.8%

Median Household Income,2002 - $42,721
Real Estate, 2003

Median home price, new $149,225
Median home price, resale $126,000
Total housing units 536,049

Sales Tax Rate, 2003 8.1%

Phoenix Population and Workforce

Between 1990 and 2004, Phoenix's population grew by 44 percent. Phoenix's labor force totals almost 680,000 and a pool of almost a million workers reside within a 30 minute commute of the city.

Phoenix Principal Industries

The majority of Phoenix's economic base is comprised of service industries such as business services. Over half of total employment is in the trade and service sectors. High tech and aerospace sectors are also strong, with about thirty percent of employment in those sectors.

Phoenix Education

The Phoenix area is known for its highly educated workforce. In addition to its 24 school districts, Phoenix is also home to Phoenix Community College, Ottawa University of Phoenix, DeVry Institute of Technology, Grand Canyon University, Apollo College, Western International University, Embry-Riddle University, Arizona State University West, and High-Tech Institute.

Phoenix Real Estate for You

We hope that in reviewing the information on this page and the properties available for sale at this time in the Phoenix Arizona area, that you will be interested in real estate in this city.