GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you could read more about oureditorial guidelinesand our products and servicesreview methodology.
According to the U.S. Census Bureau, the Cactus State ranked No.
7 in population growth between 2022 and 2023, having added 65,660 residents during that period.
The states population is about 7.4 million, and roughly 42% of adults are college-educated.
The median household income is $69,056, slightly lower than the national average.
That means only 13 states and the District of Columbia were more expensive in 2023.
Housing in the Cactus State is 18% higher than the national average, according to RentCafe.
Those costs can go even higher in some parts of Arizona.
In Scottsdale, for example, Zillow estimates that average home values are more than double the national average.
But a different analysis conducted byDoxoranked Arizona 21st out of 50 states in terms of average monthly spending.
