Arizona's cost of living index is the same as the national average. The cost of living in Chandler, however, is slightly higher. The increased cost of living mostly comes from higher housing costs. Chandler's housing index is 126. Arizona's is 98. The national average is always indexed at 100 for easy comparisons.
Chandler's median household income is $70,456. The per capita income, however, is $23,904. Nearly seven percent of the city's residents live below the poverty line.
Chandler, AZ Job Opportunities
Chandler, Arizona has a large technology sector. Intel employs over 10,000 people in the Chandler area. Other large technology companies include eBay, Verizon Wireless, Freescale Semiconductor and Microchip Technology. The technology industry's growth has create thousands of jobs for computer programmers, researchers and business professionals.
Bank of America and Wells Fargo are also major employers in Chandler. This sector's growth has created customer service as well as investment banking jobs. Large banks employ at least 6,000 people in Chandler.
Other important sectors that create job opportunities in Chandler include healthcare, construction and retail.
Chandler, AZ Employment Trends
Historically, Chandler has an extremely low unemployment rate. In May 2007, only 2.1 percent of the city's population was considered unemployed. The state unemployment rate at the time was 3.7 percent, which is still quite low.
The Great Recession caused a quick increase in the city and state unemployment rates. Chandler's unemployment level reached its peak in February 2010, when it grew to 7.9 percent. The state's unemployment rate was 11.1 percent.
Unemployment has steadily improved since the end of 2010. In April 2015, unemployment in Chandler was at 4.2 percent. State unemployment was six percent. While these rates show that neither the city nor state have fully recovered from the recession, employment is considerably more stable than most cities.