FIPS 04005, AZ
Housing, jobs, water, deposits and federal obligations for this county, each figure with the release it came from. Internal point 35.84, -111.77.
Assembled 2026-10-02. Read the brief.
- 96th pct · 98th of 3,063 US counties · median $234,566
- 20th pct · 2,428th of 3,063 US counties · median +2.9%
- 88th pct · 156th of 1,399 US counties · median $1,496
- 86th pct · 427th of 3,221 US counties · median 8,232
- 58th pct · 1,321st of 3,221 US counties · median $1,039
- 98th pct · 53rd of 3,063 US counties · median 4.3
Typical home value divided by the average annual wage of one covered job.
A percentile here is a min-max scaling of average rank: the smallest published value in the cohort is 0 and the largest is 100, and tied values share the average of the ranks they span. It is not the share of entities below the value, so 0 means smallest, not none below. Entities that did not publish the metric are outside the cohort entirely and are counted in neither the rank nor its denominator.
Home values #
Typical home $624,434 (Aug 2026), -0.0% over one year, +23.8% over five
- 96th pct · 98th of 3,063 US counties · median $234,566
| Item | Value | Distance |
|---|---|---|
| Coconino County | $624,434 · -0.0% 1-yr |
Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.
Rents #
Typical rent $2,158/mo (Aug 2026), -0.8% over one year; price-to-rent 24.1
- 88th pct · 156th of 1,399 US counties · median $1,496
| Item | Value | Distance |
|---|---|---|
| Coconino County | $2,158/mo · -0.8% 1-yr |
Zillow Observed Rent Index (ZORI), smoothed, all homes and multifamily; price-to-rent = typical home / (typical rent × 12).
What the typical home costs to carry #
Principal and interest of $3,418 a month on $624,434 at 7.28%, against an average weekly wage worth $4,689 a month: 72.9% of one job’s pay.
- payment = P·r / (1 − (1+r)^−n), P = $624,434 × 80% = $499,547, r = 7.28%/12 (Freddie Mac PMMS via FRED, 2026-10-01), n = 360 → $3,418/mo principal and interest
- wage share = payment / (avg weekly wage $1,082 × 52 / 12 = $4,689) = 73% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
- years of wages = $624,434 / ($1,082 × 52) = 11.1
- price-to-rent = $624,434 / ($2,158 × 12) = 24.1
The wage is one covered job’s average, not a household’s income, so this is the share of a single paycheque and not a mortgage underwriting ratio.
Estimate. Principal and interest on the typical home with 20% down over 30 years at this week's Freddie Mac average rate; compared with the average weekly wage of all jobs covered by unemployment insurance in the area (BLS QCEW), which is pay per job, not household income.
Jobs & wages #
63,448 jobs at 4,149 employers (2026 Q1); -4.5% jobs and +5.3% average weekly wage over the year
- 86th pct · 427th of 3,221 US counties · median 8,232
| Item | Value | Distance |
|---|---|---|
| Coconino County | 63,448 jobs · $1,082/wk · -4.5% YoY |
| NAICS sector | Jobs | Avg weekly wage | Location quotient | Jobs over the year |
|---|---|---|---|---|
| Accommodation and food services | 14,177 | $654 | 2.49 | -3.9% |
| Health care and social assistance | 9,689 | $1,331 | 1.01 | +0.8% |
| Retail trade | 6,763 | $741 | 1.09 | -3.5% |
| Manufacturing | 3,588 | $1,530 | 0.70 | -8.6% |
| Construction | 2,903 | $1,145 | 0.87 | -7.7% |
| Professional and technical services | 1,857 | $1,279 | 0.42 | +1.9% |
| Arts, entertainment and recreation | 1,778 | $771 | 1.70 | +1.5% |
| Administrative and waste services | 1,579 | $859 | 0.44 | -12.9% |
| Other services | 1,407 | $875 | 0.74 | -1.3% |
| Transportation and warehousing | 1,041 | $1,147 | 0.39 | -11.2% |
| Wholesale trade | 967 | $1,526 | 0.40 | -13.9% |
| Real estate and rental | 833 | $1,052 | 0.86 | +0.4% |
BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.
Water #
Banks & federal dollars #
$2.4 bn in deposits at 18 offices of 10 banks (SOD June 2026); HHI 1,556, moderately concentrated. $1.1 bn federal obligations in FY2026 (direct payments $737.4 m, contracts $216.5 m), $17,846 per covered job
| Item | Value | Distance |
|---|---|---|
| JPMorgan Chase Bank, National Association | $507.8 m · 21.2% share · 3 offices | |
| Wells Fargo Bank, National Association | $484.5 m · 20.3% share · 3 offices | |
| Zions Bancorporation, N.A. | $367.8 m · 15.4% share · 4 offices | |
| Coconino, AZ | $1.1 bn FY2026 · $17,846/job | |
| MULTIPLE RECIPIENTS | $634.3 m · top recipient FY2026 |
| Institution | Deposits | Share | Offices |
|---|---|---|---|
| JPMorgan Chase Bank, National Association | $507,811,000 | 21.2% | 3 |
| Wells Fargo Bank, National Association | $484,466,000 | 20.3% | 3 |
| Zions Bancorporation, N.A. | $367,764,000 | 15.4% | 4 |
| Bank of America, National Association | $341,502,000 | 14.3% | 2 |
| Western Alliance Bank | $338,308,000 | 14.1% | 1 |
| Glacier Bank | $118,265,000 | 4.9% | 1 |
| PNC Bank, National Association | $88,839,000 | 3.7% | 1 |
| BMO Bank National Association | $81,617,000 | 3.4% | 1 |
| Sunwest Bank | $49,947,000 | 2.1% | 1 |
| Bank of Colorado | $13,204,000 | 0.6% | 1 |
Deposit concentration is 1,556 across 10 banks, which the 1995 Department of Justice bank merger screen calls moderately concentrated.
HHI = Σ (share %)² over 10 banks with deposits in the county = 21.2² + 20.3² + 15.4² + … (7 more) = 1,556
FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.
Federal obligations #
USAspending place-of-performance obligations for FY2026, by awarding agency.
| Awarding agency | Obligations |
|---|---|
| Social Security Administration | $556,117,027 |
| Department of the Interior | $190,854,717 |
| Department of Education | $89,555,582 |
| Department of Transportation | $79,713,626 |
| Department of Veterans Affairs | $68,965,353 |
| Department of Health and Human Services | $46,949,290 |
| Department of Agriculture | $36,599,171 |
| Department of Housing and Urban Development | $17,408,261 |
| National Aeronautics and Space Administration | $10,308,337 |
| Railroad Retirement Board | $7,617,460 |
| Environmental Protection Agency | $6,385,271 |
| Department of Homeland Security | $6,123,071 |
That is $17,846 per covered job, against 63,448 jobs in the 2026 Q1 QCEW quarter.
per job = FY2026 obligations $1.1 bn / 63,448 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $17,846
USAspending obligations are recorded where the work is performed, so a prime award performed here is counted here even when the recipient is headquartered elsewhere. Recipients are legal entities, never people.
National context, not this county #
These are United States, single-gauge, single-state and port series. None of them is keyed to this county.
| Series | Latest | As of | Change |
|---|---|---|---|
| Mississippi River at Memphis, stage · ft | not published | not published | |
| Mississippi River at St. Louis, stage · ft | not published | not published | |
| Ohio River at Louisville, stage · ft | 16.50 | 2026-09-30 | -11.7% |
| Missouri River at St. Joseph, stage · ft | not published | not published | |
| Colorado River below Hoover Dam, flow (Hoover releases) · ft³/s | 5,170.00 | 2026-02-05 | -25.3% |
| Texas reservoirs, statewide percent full · % | 71.30 | 2026-10-01 | +0.1% |
| Laredo truck crossings, monthly · trucks | 258,700.00 | 2026-08-01 | -0.4% |
| Los Angeles + Long Beach container volume, annual · TEU | 10,513,167.00 | 2023-01-01 | -13.5% |
| Containerships waiting for a berth, all US ports · ships | 6.00 | 2026-09-22 | -14.3% |
| Shanghai to Los Angeles container rate · $ per 40 ft box | 6,830.00 | 2026-08-01 | +7.4% |
| US diesel retail price · $ per gallon | unavailable | not published | |
| WTI crude oil, spot · $ per barrel | 96.16 | 2026-09-29 | -3.2% |
| 30-year fixed mortgage rate · % | 7.28 | 2026-10-01 | +3.6% |
| Housing starts, annual rate · thousands of units | 1,275.00 | 2026-08-01 | -2.6% |
| Building permits, annual rate · thousands of units | 1,403.00 | 2026-08-01 | -2.1% |
| Case-Shiller US home price index · index, Jan 2000 = 100 | 337.31 | 2026-07-01 | +0.1% |
| Unemployment rate · % | 4.10 | 2026-08-01 | +0.0% |
| US goods and services trade balance, monthly · $ millions | -88,576.00 | 2026-07-01 | -24.4% |
| Retail sales excluding food services, monthly · $ millions | 646,347.00 | 2026-08-01 | +1.1% |
The indicator registry has no county-keyed series and no geographic selection: every entry is national, a named gauge, a single state or a port. They are here as the backdrop the county's own numbers move against, and they are never this county's readings.
What changed #
FIPS 04005, AZ: 16 findings, 1 at an alert level, 6 at a watch level and 9 noted
alertFIPS 04005, AZ's covered employment is -4.5% against a year earlier, an alert level here: covered employment at least 3 percent below the same quarter a year earlier (BLS QCEW over-the-year percent change, as published; convention chosen for this dashboard, not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026 Q1.Show the arithmetic
- test: jobs.yoy.emp = -4.5 <= -3
BLS QCEW over-the-year percent change, as published; convention chosen for this dashboard, not an official level
watchFIPS 04005, AZ's years of wages of 11.1 ranks 53rd of 3,063 US counties, a watch level here: years of wages in the top tenth of US counties (position among the counties that published both a ZHVI value and a QCEW average weekly wage; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026-08.Show the arithmetic
- test: yearsOfWages percentile = 98.30176355323317 >= 90
- typical home value / (average weekly wage × 52); one average covered job, not a household
position among the counties that published both a ZHVI value and a QCEW average weekly wage; not an official level
watchFIPS 04005, AZ's covered employment is -4.5% against a year earlier, a watch level here: covered employment below the same quarter a year earlier (BLS QCEW over-the-year percent change, as published; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026 Q1.Show the arithmetic
- test: jobs.yoy.emp = -4.5 < 0
BLS QCEW over-the-year percent change, as published; not an official level
watchFIPS 04005, AZ's price-to-rent ratio of 24.1 ranks 118th of 1,399 US counties, a watch level here: price-to-rent in the top tenth of US counties (position among the counties that published both ZHVI and ZORI this month; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026-08.Show the arithmetic
- test: priceToRent percentile = 91.63090128755364 >= 90
- typical home value / (typical rent × 12); Zillow ZHVI over ZORI, same month
position among the counties that published both ZHVI and ZORI this month; not an official level
watchFIPS 04005, AZ's years of wages is 11.1, a watch level here: typical home value worth 10 or more years of one average covered wage (typical home value / (average weekly wage × 52), one average covered job rather than a household; convention chosen for this dashboard, not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026-08.Show the arithmetic
- test: yearsOfWages = 11.098286648278162 >= 10
- typical home value / (average weekly wage × 52); one average covered job, not a household
typical home value / (average weekly wage × 52), one average covered job rather than a household; convention chosen for this dashboard, not an official level
Read all 12 findings in the full brief
Every finding is produced by a fixed rule table and a fixed sentence for each rule. Nothing here is generated prose.