10 Major Arizona Industries to Consider if You’re Working in or Moving to the Grand Canyon State
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Arizona’s diverse economy is powered by a wide range of industries, offering numerous opportunities for job seekers and entrepreneurs alike. Whether you’re browsing homes for sale in Phoenix or apartments in Tucson, understanding the major industries in Arizona can help you decide if this vibrant state is the right fit. Moving to the Grand Canyon State promises access to thriving sectors in finance, retail, healthcare, and education. With an economy generating billions annually, Arizona offers a mix of innovation, stability, and growth. Here’s a closer look at the industries shaping Arizona’s economy and the types of jobs they provide.
Arizona at a glance: Home prices, income, and employment
Top employers in Arizona
State of Arizona: 40,200 employees
Walmart: 36,800 employees
Banner Health: 28,300 employees
United States Department of the Air Force: 21,900 employees
Kroger: 21,100 employees
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10 major industries in Arizona
1. Third-party administrators and insurance claim adjusters
Major Companies: Sedgwick (office in Phoenix), CorVel Corporation (office in Phoenix), Matrix Absence Management (Phoenix)
This industry plays a vital role in Arizona, employing professionals skilled in claims handling and risk management. Sedgwick and CorVel offer roles such as claims adjusters, case managers, and risk analysts. Arizona’s growing population drives demand for insurance services, making this sector a stable career path. With plenty of career progression opportunities, this industry attracts professionals looking for secure employment. Job seekers can benefit from proximity to local offices and the state’s affordable living options.
Major Companies: Earnhardt Auto Centers (Chandler), Sanderson Ford (Glendale), Chapman Automotive Group (Phoenix)
New car dealerships contribute significantly to Arizona’s economy by creating jobs in sales, service, and administration. Companies like Chandler-based Earnhardt Auto Centers and Chapman Automotive Group provide positions for sales associates, technicians, and finance managers. Arizona’s love for automobiles and its vast road network keep the industry thriving. Buyers and renters appreciate the access to reliable transportation, a must for navigating the state’s expansive cities and suburbs. Arizona’s vehicle sales sector also benefits from strong economic conditions and a steady influx of new residents.
Major Companies: Isagenix International (Gilbert), PureKana (Scottsdale), Plexus Worldwide (Scottsdale)
This industry spans pharmaceuticals, skincare, and wellness products, with major employers like Isagenix and Plexus offering jobs in production, marketing, and research. Arizona’s focus on innovation makes it a hub for businesses in this sector. For newcomers, this translates into opportunities in a fast-growing field that values creativity and sustainability. Access to thriving companies also boosts local real estate markets, appealing to job-seeking homebuyers.
Major Companies: Banner Health (Phoenix), HonorHealth (Scottsdale), Dignity Health (headquarters out of state, locations in Arizona)
Arizona’s healthcare sector is one of its fastest-growing industries, driven by the state’s aging population. Banner Health in Phoenix and Scottsdale-based HonorHealth provide jobs for nurses, physicians, and administrative staff, contributing significantly to the local economy. Healthcare accounted for 16% of Arizona’s employment in 2023. For families moving to the state, the availability of quality healthcare facilities is a key advantage. The industry’s robust growth continues to attract skilled professionals and drives housing demand in major cities.
Major Companies: Western Alliance Bancorporation (Phoenix), National Bank of Arizona (Phoenix), Bank of the West (headquarters out of state, locations in Arizona)
Arizona’s commercial banking sector offers jobs in financial analysis, customer service, and loan processing. Companies like Western Alliance Bancorporation provide career growth opportunities for industry professionals. Banking supports local businesses and new development, enhancing Arizona’s appeal to entrepreneurs. The state’s stable financial institutions make it a great place for professionals seeking long-term roles. Arizona’s housing market complements the high demand for skilled workers in finance.
Major Employers: Mesa Public Schools (Mesa), Tucson Unified School District (Tucson), Phoenix Union High School District (Phoenix)
Arizona’s public education system employs thousands of teachers, administrators, and support staff. Mesa Public Schools, the state’s largest district, offers a wide range of career opportunities. In 2023, Arizona allocated $8.4 billion to K-12 education. House-hunters moving to Arizona benefit from an improving education system and opportunities to work in a rewarding field. The availability of quality schools supports local housing demand, particularly in suburban areas.
Major Companies: Costco Wholesale, Walmart, Sam’s Club (all based outside of Arizona with locations throughout the state)
Warehouse clubs and supercenters dominate retail in Arizona, employing workers in sales, logistics, and customer service. Companies like Walmart and Sam’s Club offer stable hourly positions and management tracks. This sector drives significant tax revenue and supports local economies across the state. For renters and homebuyers looking to live in Arizona, access to retail hubs is a major convenience. Arizona’s rapid population growth continues to fuel expansion in this industry.
Major Companies: CopperPoint Insurance Companies (Phoenix), American Reliable Insurance Company (Scottsdale), MAPFRE Insurance (locations in Arizona, headquarters out of state)
Property and casualty insurance companies provide jobs in underwriting, claims management, and customer support. CopperPoint Insurance and American Reliable are leaders in this field, serving both businesses and residents. This industry ensures financial stability for Arizona’s growing homeowner base. For job seekers, it offers competitive roles with opportunities for advancement. The sector’s importance makes it a key driver of Arizona’s economic stability.
Major Companies: Bashas’ (Chandler), Sprouts Farmers Market (Phoenix), Fry’s Food Stores (headquarters out of state, locations in Arizona)
Grocery chains employ workers in management, logistics, and food safety. Bashas’ and Sprouts Farmers Market are prominent local employers, supporting Arizona’s growing communities. In 2022, the state’s grocery industry generated over $8 billion in revenue. Arizona’s friendly neighborhoods and robust food markets are attractive to potential residents. Reliable access to fresh, affordable groceries enhances the quality of life.
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10. Health and medical insurance
Major Companies: Blue Cross Blue Shield of Arizona (Phoenix), Cigna (locations in Arizona, headquarters out of state), Aetna (locations in Arizona, headquarters out of state)
Health insurance companies provide vital services to Arizona’s diverse population. Blue Cross Blue Shield of Arizona is a leading employer, offering roles in claims processing, IT, and customer service. The state’s competitive insurance market benefits residents by keeping premiums reasonable. Arizona’s focus on healthcare innovation ensures continued growth in this sector. For prospective movers, this industry offers stable employment and comprehensive benefits packages.
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