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Apartments For Rent in Tempe, AZ

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Apartments for Rent in Tempe, AZ

The medium-size city of Tempe, Arizona is home to just under 179,000 people. Young adults aged 15-24 should feel welcome, as they make up an above-average 28% of the population, though young professionals are well-represented as well. With an average age of just over 34, the city's residents skew younger than most cities in Arizona. Most Tempe residents rent, and 40% of residents own their homes despite an average rent of $1,138 a month, which exceeds the state average by $95 a month.

Tempe residents have an average commute of about 23 minutes, faster than the Arizona average of about 27 minutes. Driving is the prevailing way to get to work, chosen by 45% of residents, while public transportation isn't used widely. Relatively few residents (2%) commute to work on foot, though the number does exceed the national average.

Tempe residents have a wide range of industries from which to choose. The four most common are entertainment, retail, education, and healthcare. Combined, these industries make up 29% of the city's workforce. Meanwhile, in terms of job function, many of the city's residents work in sales, which ranks as the top profession in the city. With an average annual income of about $67,000, Tempe workers earn about the same as their peers elsewhere in the state. However, Tempe compares less favorably to the national average ($73,345). Tempe has a relatively high concentration of residents over the age of 25 with advanced degrees compared to the national average (7%), as 9% possess a Master's or a Doctoral degree. In addition, 16% have a Bachelor's degree.