Scottsdale has been named “The Beverly Hills of the Desert” by the New York Times and the Travel Channel has recognized Scottsdale as one of the most luxurious destinations in the country. Sunset Magazine has named Scottsdale as the ideal destination for relaxation. Scottsdale is definitely one of the premiere tourist destinations in the United States.
The economy of Scottsdale, especially North Scottsdale with its high-end resorts, golf courses and retail establishments, contributes millions of dollars each year to the flourishing economy of the greater Phoenix area. Tourism is Scottsdale’s largest industry and is contributing a large percentage of the tax income for the City of Scottsdale.
North Scottsdale is growing by leaps and bounds. All indicators show that Scottsdale has undergone a 9% growth in population since 2000 with a large percentage of that growth in North Scottsdale. The median income in Scottsdale is 27% higher than the metro Phoenix area and Scottsdale also has a very low unemployment rate. The median cost of a home in Scottsdale is $228,000 (2000 census). However, North Scottsdale has a median home price of over $600,000. Many of the homes in North Scottsdale exceed $3 million. This amazing difference in home prices is a testimony to the affluent life style in North Scottsdale.
Industries providing employment in the area include the Business Services sector with the highest percentage of jobs at 21%. Hospitality Services supply over 11% of the jobs in the Scottsdale area. The Health industry, at 10%, is another sector that employs a high percentage of the population. Retail trade’s economic contribution is 14.5%. Construction contributes 5.5% of the jobs in the area. (2000 census). The top ten employers in Scottsdale as of 2004 were Scottsdale Healthcare, Mayo Clinic, General Dynamics, Scottsdale Unified School District, Advance PCS, City of Scottsdale, Advance PCS, Scottsdale Insurance Company, The Vanguard Group and the Scottsdale Fairmont Princess.
The Scottsdale Airpark is a large commercial, industrial and office complex in North Scottsdale and provides the industrial base for Scottsdale and Northeast Phoenix. Scottsdale Airpark continues to experience tremendous growth and is the prime business location in North Scottsdale. This attests to the increasing influx of businesses relocating to Scottsdale.
North Scottsdale is a prime location for visitors, new residents and business owners alike. Its flourishing economy is strong with no indications of a slow down in the near future. The strong economy along with the family-friendly housing communities and abundant recreational opportunities make North Scottsdale a very attractive place to visit or call home.
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