Phoenix Metro Area Pay Trends
Updated April 5, 2012
2012: Q1 2012 brought bad news to Phoenix workers as wages nosedived, falling more than 1 percent from the previous quarter. All of the wage gains experienced in 2011 were wiped out in just one quarter as wage levels in Phoenix returned back to their Q4 2010 levels.
2007-2011: In 2007, wages in Phoenix rose sharply – more than 4.5 percent higher than 2006. Following that, income growth in Phoenix slowed a bit but still continued to rise through the end of 2008.
After a peak in late 2008, workers’ earnings in Phoenix dropped to their low point in Q3 2009 losing more than 2 percent and, much like the rest of the nation, did not change significantly through 2010. In 2011, wages in Phoenix managed to climb to within 1.5 percent of their pre-recession peak levels by year’s end.