Phoenix has a population of 1,609,456 with a median age of 34.4. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 1,609,456 |
| Median Age | 34.4 |
| White | 59.4% |
| Black or African American | 7.4% |
| Asian | 3.7% |
| Hispanic or Latino | 42.9% |
The median household income in Phoenix is $72,092, which is 4.1% below the national median of $75,149. The per capita income is $37,499. The poverty rate is 14.6%.
The unemployment rate in Phoenix is 5.2%, compared to the national rate of 5.4%.
In Phoenix, 83.9% of residents age 25+ have a high school diploma or higher, and 31.2% hold a bachelor's degree or higher (11.8% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 83.9% |
| Bachelor's Degree or Higher | 31.2% |
| Graduate or Professional Degree | 11.8% |
The median home value in Phoenix is $340,200, above the national median of $281,900. The median monthly rent is $1,322. The homeownership rate is 56.4%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $340,200 |
| Median Monthly Rent | $1,322 |
| Homeownership Rate | 56.4% |
| Vacancy Rate | 6.7% |
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