3 Reasons Why Arizona is the Best Place to Live in an Unstable Economy

If you’re looking for a place to weather the storm in an unstable economy, look no further than Arizona. The Grand Canyon State state offers plenty of opportunities for those who are willing to work hard and play hard. It’s also home to some of the most beautiful landscapes in the country.

Here are three reasons why Arizona is the best place to live in an unstable economy:

 

  1. The cost of living is low compared to other states.

There are plenty of affordable places to live in Arizona, making it a great option for those who are on a budget. The cost of living is especially low in the Phoenix and Tucson metro areas. The median home price in Phoenix is around $410,000, and it’s only $305,000 for Tucson.

It doesn’t matter if you’re renting or buying you’ll be able to find a place to call home that fits comfortably into your budget.

And, if you’re looking for an even more affordable option, there are plenty of small towns and rural areas in Arizona where the cost of living is even lower than in the larger metropolitan areas such as Rimrock, Arizona. Where the median home price is $259,300.

 

  1. The job market is strong and growing.

The job market in Arizona is growing rapidly, and it’s expected to continue doing so for the foreseeable future. In fact, the unemployment rate in Arizona is only 4.1% as of December 2021. Everywhere you go is hiring. Not just baristas and servers. Builders, Architects, City Offices, Tech Companies, Real Estate Offices, and just about every service-based company you could think of.

In recent years, Arizona has had a huge influx of tourists and residents from all over the world. This influx has caused a HUGE strain on the local workforce. Roofers are 18 months out, Architects are 12 months out, Builders are 14 months out!

Imagine being so busy that you can’t take new customers. That is what every service-based business is experiencing in Arizona right now. And they are all willing to train you and pay you professional competitive wages to help sustain the current customers. Not including the new $12 Billion microchip fabricator Taiwan Semiconductor Manufacturing Company and Intel’s $20 Billion fabrication facility being built in Phoenix right now. Training has already begun as they plan to open in 2024. Both of these companies are hiring tens of thousands of workers with pay structures starting at $60,000-$200,000.

This means that there are plenty of opportunities available for those who are looking for work, and the job market will only continue to get stronger in coming years.

Arizona has one of the fastest-growing economies in the United States, and this is reflected in the strong job market. If you’re looking for a job, Arizona is definitely the place to be!

The 2020 Census count for Arizona was 7,151,502, an 11.9 percent increase over 2010. This ranked Arizona among the 10 fastest-growing states in the United States.

 

  1. There are plenty of opportunities for recreation and relaxation.

Arizona is a great place to live if you’re looking for opportunities to enjoy the outdoors. The state has plenty of beautiful landscapes and parks, and it’s home to some of the most popular tourist destinations in the country.

Phoenix is one of the sunniest cities in America, with more than 300 days of sunshine per year. This makes it the perfect place to enjoy outdoor activities like hiking, biking, and swimming.

Tucson is also home to some beautiful natural landscapes, and it’s popular for its golf courses and spas. If you’re looking for a place to relax and recharge, Arizona is definitely the place to be!

Arizona offers plenty of opportunities for those who are looking for a good job and a great place to live. The cost of living is low, the job market is strong, and there are plenty of opportunities for recreation and relaxation. So if you’re looking for a place to call home in an unstable economy, look no further than Arizona!

To start your home buying journey visit us at https://www.owninaz.com or call us at 928-323-0031.

Reach Out and Begin Your Investment Journey
  • Contact Us: Ready to take the next step? Contact us directly and start the conversation about your 1031 exchange in Sedona.
  • Immediate Assistance: Prefer to talk now? Call us at 928-323-0031 or send us a message via Messenger. We’re here to answer your questions and provide the support you need.
  • Schedule a Consultation. For a detailed discussion about your investment strategy and how a 1031 exchange can work for you, book a session with us.
Investing in Sedona's real estate market through a 1031 exchange offers a pathway to tax-efficient growth and diversification. With the right approach and expert support, you can unlock the full potential of your real estate investments. Contact us today to learn more about how we can help you achieve your investment goals in Sedona.

Compare listings

Compare