Average Salary in Goodyear, Arizona

Average Salary in Goodyear, AZ

Average Salary
$68000
Median Household Income
$121426
Job Growth Rate
2.9%

šŸ‘„
Population
95000
šŸ’¼
Unemployment Rate
3.5%
šŸ“ˆ
Cost of Living Index
107
šŸŽ“
College Educated
30.2%

Understanding the Salary Landscape in Goodyear, Arizona

If you’re considering a career move to Goodyear, understanding the local salary landscape is crucial for making informed decisions. With a population of 95000 and an average salary of $68000, Goodyear offers competitive compensation across various industries in the Grand Canyon State.

The median household income in Goodyear stands at $121426, reflecting the earning potential for families in the area. When adjusted for the cost of living index of 107, the real purchasing power translates to approximately $63551 annually.

Salary Breakdown by Experience Level in Goodyear

Career progression in Goodyear shows clear salary advancement opportunities across different experience levels:

Entry Level
$55000
Starting salaries for professionals with 0-2 years of experience
Mid-Career
$68000
Average earnings for professionals with 3-7 years of experience
Senior Level
$88000
Compensation for experienced professionals with 8+ years

The salary progression from entry-level to senior positions shows strong growth potential, with mid-career professionals earning approximately $68000 and senior-level employees commanding salaries around $88000.

Top Industries and Employers in Goodyear

Goodyear has a diverse economic landscape with several thriving industries driving job growth and competitive salaries:

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Highest Paying Industry

Aerospace

The Aerospace sector offers the most competitive salaries in Goodyear, attracting top talent and driving economic growth in Arizona.

Major Industries in Goodyear:

Aerospace, Healthcare, Manufacturing

Major Employers Hiring in Goodyear

Some of the largest employers in Goodyear include: Lockheed Martin, Dignity Health. These companies offer competitive salaries and comprehensive benefits packages, contributing to the city’s robust job market with a job growth rate of 2.9%.

Cost of Living in Goodyear: What Your Salary Can Buy

Understanding how far your salary goes in Goodyear requires analyzing the local cost of living. With a cost of living index of 107 (where 100 is the national average), Goodyear offers a balanced lifestyle in Arizona’s desert climate.

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Housing
Median Home Price:
$478411
Average Rent:
$1350/month
Housing Index:
112
šŸš—
Transportation
Transportation Index:
108
šŸ›’
Groceries
Grocery Index:
104
āš•ļø
Healthcare
Healthcare Index:
100
šŸ’°
Monthly Living Costs
Single Person:
$2809
Family of 4:
$6185

With housing costs representing a housing index of 112 and an average monthly rent of $1350, Goodyear provides various living options. The median home price of $478411 and estimated monthly necessities of $2809 for a single person or $6185 for a family should be factored into your financial planning.

Job Market and Employment Trends in Goodyear

The job market in Goodyear shows promising signs with a job growth rate of 2.9% and an unemployment rate of 3.5%. This indicates a healthy economy with expanding opportunities for job seekers across Arizona.

Job Growth Rate
2.9%
↗ Growing
Unemployment Rate
3.5%
Current Rate

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

Goodyear has a median age of 36.5 years, with 30.2% 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.

Median Age
36.5 years
College Educated
30.2%

Salary Comparison: Is Goodyear Right for You?

MetricGoodyear ValueInsight
Average Salary$68000Competitive Arizona compensation
Adjusted Salary$63551Real purchasing power after cost of living
Housing Affordability$478411Median home price in the area
Monthly Rent$1350Average rental costs
Single Monthly Budget$2809Estimated living expenses for one person
Family Monthly Budget$6185Estimated living expenses for family of 4
Job Growth2.9%Expanding employment opportunities

Key Takeaways About Salaries in Goodyear

  • šŸ’° The average salary in Goodyear is $68000, with median household income at $121426
  • šŸ“Š When adjusted for cost of living (107), salaries have approximately $63551 in purchasing power
  • šŸŽÆ Aerospace is the highest-paying industry, offering premium compensation packages
  • šŸ¢ Major employers like Lockheed Martin, Dignity Health provide stable career opportunities
  • šŸ“ˆ The city shows 2.9% job growth with 3.5% unemployment rate
  • šŸ  Housing costs include median home prices at $478411 and average rent at $1350
  • šŸ’µ Monthly living costs: $2809 (single) | $6185 (family)
  • šŸŽ“ 30.2% of the population holds college degrees, indicating a skilled workforce

Making Your Decision: Is Goodyear the Right Career Move?

Goodyear offers a compelling combination of competitive salaries, growing job opportunities, and Arizona’s desirable lifestyle. With an average salary of $68000 and a cost of living index of 107, professionals can enjoy the Grand Canyon State’s sunny climate while building their careers.

The city’s 2.9% job growth rate and 3.5% unemployment rate signal a thriving economy with expanding opportunities across multiple industries, particularly in Aerospace, Healthcare, Manufacturing.

Whether you’re an entry-level professional earning around $55000 or a senior executive commanding $88000, Goodyear provides the economic foundation for career growth and financial stability in Arizona.

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