Census ACS · #10 MSA
Phoenix Metro Area
The Phoenix-Mesa-Chandler, Az Metropolitan Statistical Area has 4,941,206 residents. The median household income is $84,703 and the median home value is $401,400.
4,941,206
Population
339
People / sq mi
$84,703
Median Income
$401,400
Median Home Value
The Phoenix CBSA covers 14,569 sq mi of land at 339.2 people per square mile.
Race & Ethnicity
| White | 63.2% |
| Black or African American | 5.7% |
| Asian | 0.6% |
| Hispanic or Latino (any race) | 3.8% |
Economy & Income
$84,703
Median Household Income
$43,395
Per Capita Income
7.8%
Poverty Rate
3.0%
Unemployment
Cost of Living
The Phoenix metro's price level is 103.3 on the BEA Regional Price Parity index (US average = 100), meaning prices are 3.3% higher the US average. The local median income of $84,703 has the buying power of $81,984 in average-priced US metros.
103.3
Price Level (US = 100)
$81,984
COL-Adjusted Median Income
$84,703
Nominal Median Income
Housing
$401,400
Median Home Value
$1,581
Median Rent
66.3%
Homeownership
Education
89.5%
High School+
34.6%
Bachelor's+
Commute
1.2%
Drive Alone
18.5%
Work From Home
26.5 min
Avg Commute
46.2%
Foreign Born
Phoenix spans this state
Nearby metros
Largest cities in Arizona
Largest counties in Arizona
Part of Arizona
Other metros
Metro areas in Arizona
Metro rankings
Frequently Asked Questions
The Phoenix-Mesa-Chandler, Az Metropolitan Statistical Area has a population of 4,941,206 according to Census ACS 5-Year estimates, making it the #10 largest CBSA in the US.
The median household income in the Phoenix metro area is $84,703, with a per capita income of $43,395.
The Phoenix-Mesa-Chandler, Az CBSA spans the state of Arizona.
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More from Arizona
Data for the Phoenix-Mesa-Chandler, Az CBSA (38060) from the American Community Survey 5-Year estimates. Core-Based Statistical Areas combine cities, suburbs, and surrounding counties tied together by commuting patterns.
Housing cost is the defining feature of Phoenix: the median home is valued at $401,400. Phoenix is a metro area in AZ with a population of 4,941,206.
Earnings sit at the high end: a median household income of $84,703, above the US median of $78,538. About 7.8% of residents live below the federal poverty level, below the national 12.4%. Real estate commands a premium here — a median home value of $401,400, with typical rent around $1,581.
Educational attainment is on the higher side for US metro areas — 34.6% of adults hold a four-year degree, near the national 35.0%.
High housing values reframe the income picture in Phoenix — even solid earnings stretch less against home prices and rents at this level.
Source: U.S. Census Bureau ACS, 2026.