Nationwide, the median household income reached $83,730 in 2024, growing just 1.3% year over year. This means many households did not keep pace with the roughly 3% inflation rate during the same time period, but that was not true everywhere. Especially in large cities where residents often pay a premium for convenience, infrastructure and amenities, the change in household income swung vastly, in some cases reaching double-digit growth, or even negative growth. Thankfully for Arizona residents, three Arizona cities — Tucson, Mesa and Phoenix — rank in the Top 20 nationally for having highest household income growth household between 2023 and 2024.

INDUSTRY INSIGHTS: Want more news like this? Get our free newsletter here

Meanwhile, income trends among seniors and young families so

See Full Page