Average Nonfarm Proprietors’ Income in Arizona as a Percentage of the National Average
A reasonable target is for Arizona’s average nonfarm proprietors’ income to be within 5 percent of the national average. This was the case in 1969 and 1970. After the early 1970s, average nonfarm proprietors’ income in Arizona fell precipitously relative to the national average, bottoming out at 46 percent below average in 1990. The percentage of the national average bounced back during the 1990s and briefly came within 8 percent during the mid-2000s economic boom. Arizona’s figure was 24 percent less than the national average in 2013.