Economy in Peoria
Detailed economy data — sourced from authoritative datasets and normalized for direct comparison.
Economy in Peoria, Arizona
Peoria's job market is experiencing historic transformation, shifting from a traditional commuter suburb to a powerhouse of high-wage employment. The city's economic strategy centers heavily on the Peoria Innovation Core, anchored by massive investments such as Amkor Technology's multi-billion dollar advanced semiconductor packaging campus. Alongside a booming healthcare sector featuring HonorHealth and Valleywise Health, advanced manufacturing, technology, and corporate services are driving rapid job growth. The local remote work scene is also robust, supported by widespread gigabit broadband infrastructure and numerous professional co-working spaces.
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About Peoria, Arizona
Peoria, Arizona, is a thriving and rapidly expanding city located in the northwest Valley of the Greater Phoenix metropolitan area. Founded in 1886 by settlers from Illinois, the city has evolved from a quiet agricultural community and bedroom suburb into a dynamic economic hub. Stretching across more than 176 square miles from suburban neighborhoods to the rugged shores of Lake Pleasant and deep into the Sonoran Desert, Peoria offers a unique blend of scenic outdoor adventure and modern suburban convenience. Its thoughtful master-planned communities, high-performing schools, and scenic backdrops have made it one of the most desirable places to live in the American Southwest.
About Arizona
Arizona offers a diverse landscape, from low-elevation deserts to mountainous regions, and is known for its abundant sunshine, averaging around 300 sunny days per year. The state's economy is moderately diverse, with major industries including manufacturing (especially aerospace, defense, transportation, and electronics), healthcare, real estate, tourism, technology, bioscience, agriculture (cotton, citrus), and mining (copper). While the cost of living in Arizona is generally higher than the national average, particularly for housing, the state's mild winters and opportunities for outdoor activities contribute to an appealing lifestyle for many.
