Average Salary in Tempe, AZ
$62000
$61000
2.8%
What is the Average Salary in Tempe, Arizona?
The average salary in Tempe, Arizona is $62000 per year. Entry-level positions start at $50000, mid-career professionals earn around $62000, and senior-level employees make $80000. The median household income is $61000.
Quick Salary Overview for Tempe
| Average Salary: | $62000 |
| Entry-Level: | $50000 |
| Mid-Career: | $62000 |
| Senior-Level: | $80000 |
| Median Household Income: | $61000 |
Understanding the Salary Landscape in Tempe, Arizona
If you’re considering a career move to Tempe, understanding the local salary landscape is crucial for making informed decisions. With a population of 180000 and an average salary of $62000, Tempe offers competitive compensation across various industries in the Grand Canyon State.
The median household income in Tempe stands at $61000, reflecting the earning potential for families in the area. When adjusted for the cost of living index of 108.5, the real purchasing power translates to approximately $57143 annually.
Salary Breakdown by Experience Level in Tempe
Career progression in Tempe shows clear salary advancement opportunities across different experience levels:
The salary progression from entry-level to senior positions shows strong growth potential, with mid-career professionals earning approximately $62000 and senior-level employees commanding salaries around $80000.
Top Industries and Employers in Tempe
Tempe has a diverse economic landscape with several thriving industries driving job growth and competitive salaries:
Highest Paying Industry
Technology
The Technology sector offers the most competitive salaries in Tempe, attracting top talent and driving economic growth in Arizona.
Major Industries in Tempe:
Education, Technology, Research
Major Employers Hiring in Tempe
Some of the largest employers in Tempe include: ASU, State Farm, Insight Enterprises. These companies offer competitive salaries and comprehensive benefits packages, contributing to the city’s robust job market with a job growth rate of 2.8%.
Cost of Living in Tempe: What Your Salary Can Buy
Understanding how far your salary goes in Tempe requires analyzing the local cost of living. With a cost of living index of 108.5 (where 100 is the national average), Tempe offers a balanced lifestyle in Arizona’s desert climate.
Housing
$480000
$1476/month
118
Transportation
112
Groceries
106
Healthcare
101
Monthly Living Costs
$2848
$6271
With housing costs representing a housing index of 118 and an average monthly rent of $1476, Tempe provides various living options. The median home price of $480000 and estimated monthly necessities of $2848 for a single person or $6271 for a family should be factored into your financial planning.
Compare Tempe Salaries with Other Arizona Cities
Considering other locations in Arizona? Compare salary data and cost of living across the state’s major employment hubs:
šļø Phoenix Area Cities
- Phoenix Salaries – Technology & Healthcare hub
- Scottsdale Salaries – Premium healthcare & finance
- Mesa Salaries – Advanced manufacturing center
- Tempe Salaries – Education & technology
- Glendale Salaries – Healthcare & retail
- Chandler Salaries – Semiconductor industry
š High-Income Communities
- Paradise Valley Salaries – Luxury market leader
- Gilbert Salaries – Growing tech sector
- Queen Creek Salaries – Suburban growth
- Oro Valley Salaries – Healthcare excellence
šļø Growing Suburbs
- Peoria Salaries – Family-friendly community
- Surprise Salaries – Emerging job market
- Goodyear Salaries – Aerospace industry
- Buckeye Salaries – Logistics hub
- Marana Salaries – Manufacturing growth
šµ Other Arizona Markets
- Tucson Salaries – Aerospace & defense
- Flagstaff Salaries – Education & tourism
- Prescott Salaries – Healthcare focus
- Yuma Salaries – Agriculture & military
- Lake Havasu City Salaries – Tourism market
- Maricopa Salaries – Education sector
š Want a complete overview? Visit our Arizona Salary Guide to compare all cities across the state and find the best opportunities for your career.
Job Market and Employment Trends in Tempe
The job market in Tempe shows promising signs with a job growth rate of 2.8% and an unemployment rate of 3.6%. This indicates a healthy economy with expanding opportunities for job seekers across Arizona.
For professionals exploring opportunities across the state, our comprehensive Arizona salary guide provides detailed comparisons to help you identify the best locations for your career growth in the Grand Canyon State.
Demographics and Workforce Profile
Tempe has a median age of 29.5 years, with 48.2% of the population holding a college degree. This educated workforce contributes to the city’s competitive salary landscape and attracts employers seeking skilled talent in Arizona.
Salary Comparison: Is Tempe Right for You?
| Metric | Tempe Value | Insight |
|---|---|---|
| Average Salary | $62000 | Competitive Arizona compensation |
| Adjusted Salary | $57143 | Real purchasing power after cost of living |
| Housing Affordability | $480000 | Median home price in the area |
| Monthly Rent | $1476 | Average rental costs |
| Single Monthly Budget | $2848 | Estimated living expenses for one person |
| Family Monthly Budget | $6271 | Estimated living expenses for family of 4 |
| Job Growth | 2.8% | Expanding employment opportunities |
Key Takeaways About Salaries in Tempe
- š° The average salary in Tempe is $62000, with median household income at $61000
- š When adjusted for cost of living (108.5), salaries have approximately $57143 in purchasing power
- šÆ Technology is the highest-paying industry, offering premium compensation packages
- š¢ Major employers like ASU, State Farm, Insight Enterprises provide stable career opportunities
- š The city shows 2.8% job growth with 3.6% unemployment rate
- š Housing costs include median home prices at $480000 and average rent at $1476
- šµ Monthly living costs: $2848 (single) | $6271 (family)
- š 48.2% of the population holds college degrees, indicating a skilled workforce
Making Your Decision: Is Tempe the Right Career Move?
Tempe offers a compelling combination of competitive salaries, growing job opportunities, and Arizona’s desirable lifestyle. With an average salary of $62000 and a cost of living index of 108.5, professionals can enjoy the Grand Canyon State’s sunny climate while building their careers.
The city’s 2.8% job growth rate and 3.6% unemployment rate signal a thriving economy with expanding opportunities across multiple industries, particularly in Education, Technology, Research.
Whether you’re an entry-level professional earning around $50000 or a senior executive commanding $80000, Tempe provides the economic foundation for career growth and financial stability in Arizona.
Ready to Explore More Arizona Salary Data?
Discover salary information across all Arizona cities and make informed career decisions with comprehensive local data.
Hey there! Iām Kumar, the owner of DollarHire. Alongside working as an Executive SEO Specialist, I studied at a finance institute to strengthen my skills in finance and marketing.