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Prescott Valley has a wide variety of skilled workers who enjoy our reasonable cost of living, security, a community environment, and family atmosphere. The following sources offer a good look at the workforce in the Prescott Valley region:

Complete Demographic Report 
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Prescott Valley is one of Northern Arizona's fastest growing communities, with a population increase from approx. 17,500 to near 35,000 since 1996. Prescott Valley is part of what is known as the quad-city region whose population is estimated at 120,000 (2006) Find more demographic information in the complete report.

The Tri-City Region of Arizona
Labor Availability Report for 2006
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The Pathfinders has employed its experience in workforce assessments for corporate site-selection clients and civilian workforce assessments for the Department of Defense in locations that faced military base closures to produce this evaluation of the Tri-City Region, Arizona workforce.

The Pathfinders functions as a site-selection consultant to many of America's largest corporations, including companies such as AT&T, DuPont, Celanese, #M Corp., IMC Global, Singapore Aerospace, AIG, UPS and Lockheed Martin. Senior human resources executives from among corporate clients assisted in refining this methodology and report format. Companies making location decisions based upon these surveys have reported that when staffing actually began, the numbers reported by The Pathfinders proved to be accurate.

The information presented herein has been developed independently of the client, and the client has not influenced the findings. This report represents the objective and professional view of The Pathfinders with regard to workforce availability, cost, skills, and quality that a new employer can expect in the Tri-City Region, Arizona area.

The findings contained herein include the following observations:

  • The Tri-City Region, referred to in this report as the “labor shed”, has a household population of approximately 123,900 and a civilian labor force of approximately 57,900.
  • The labor shed has a pool of approximately 2,100 unemployed persons who are actively seeking work. An estimated total of 448 unemployed individuals reside within the two zones: the City of Prescott/Yavapai County Enterprise Zone and the Yavapai County/Chino Valley/Prescott Valley Enterprise Zone.
  • A new employer will be able to attract employees from an additional pool of about 4,300 workers. These individuals are currently employed and have indicated an interest in changing jobs. Approximately 882 of these underemployed workers also live in the Enterprise Zones.
  • These potentially available workers are referred to in this report as the “underemployed” because they appear to possess the skills, experience, and education to qualify them for the pay rates at which they would take a new job.
  • The desired pay rates of these underemployed workers are reasonable when compared to their existing pay rates. The median current pay rate of the underemployed workers is $12.83 per hour, and the median desired pay rate of the underemployed workers is $15.26 per hour.
  • About 25% of the underemployed workers would take a new job for $11.51 per hour or less. At the upper end, the 25% most qualified and experienced will command more than $20.36 per hour.
  • Roughly 700 people, neither employed nor seeking work, might re-enter the workforce for the proper job of which some 141 live in the Enterprise Zones.

Tri-City Region of Arizona
Wage and Fringe Benefits Survey Report for 2006
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The Tri-City Region of Arizona Wage and Fringe Benefits Survey was sponsored by the Tri-City Regional Workforce Study Partnership. It was conducted by The Pathfinders, an economic development and corporate site-selection consultant firm. Information was gathered via a printed survey form and by telephone.

The wage data presented by job title in this report includes:

Low Entry Pay 
Low Average Pay
Average Entry Pay 
Mean Average Pay
High Entry Pay 
High Average Pay
Weighted Average Pay

Fringe benefits reported include, among others, insurance, sick leave, holidays, vacations, and financial plans.

 

 
  Population Growth 2006


Prescott Valley Economic Development Foundation, 7120 E. Pav Way, Suite 106., Prescott Valley, AZ 86314 | Privacy Policy & Terms of Use
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