Phoenix in numbers
Phoenix is the fifth-largest city in the United States and one of the main destinations for people leaving California. The July 1, 2025 estimate is 1,665,481 residents, up 3.6% since April 2020.
From Census Bureau QuickFacts:
- median household income: $81,332 (2020–2024, in 2024 dollars);
- median gross rent: $1,582;
- median value of an owner-occupied home: $420,700;
- homeownership rate: 57.3%.
Set that against San Jose — $1,233,200 median home value — and the reason for the migration is not complicated. A Phoenix house costs roughly a third of a Silicon Valley one, and homeownership is within reach for households that had given up on it in California.