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Prepared by: Economic Development Division Micah Miranda, Director Economic Update: August 26, 2025 General Plan Resident Advisory Committee Targeted Industries 4 Automotive Technology Aviation & Aerospace Advanced Business Svcs. High-Tech Manufacturing Healthcare IT & Software Chandler Update 2 chandleraz.gov/ed National Awards Chandler Update #5 Best City for Women in Tech #7 Best City to Find a Job #6 Best City for Families #17 Best City to Start a Business #8 Best Untapped City for Startups #11 Best City for First-Time Homebuyers Sources: SmartAsset, Opendoor, WalletHub, Fundera, B2B Reviews, FT-Nikkei Investing in America 3 chandleraz.gov/ed Chandler Stats Chandler Update 1990 2000 2010 2020 2030 90,533 176,581 236,123 275,987 294,900 (proj.) Sources: ESRI Business Analyst (2025), U.S. Census Bureau, Arizona Office of Economic Opportunity, Maricopa Association of Governments, City of Chandler Population Growth % of Total Population Ages 15 - 24: 13% Ages 25 - 34: 15% Ages 35 - 44: 14% Ages 45 - 54: 14% Ages 55 - 64: 12% 38 Yrs Median Age Working Age Population 4 chandleraz.gov/ed Current estimate: 291,572 Chandler Stats Chandler Update 49% Chandler 34% Arizona 37% United States Data Source: ESRI Business Analyst (2025) Note: %Bachelor's Degree or Higher is for the population ages 25+ $116K United States $150K Chandler $115K Arizona %Bachelor's Degree or Higher Avg. Household Income 5 chandleraz.gov/ed Data Sources: MAG Employer Database and Bureau of Labor Statistics. Analysis based on "high-tech industries" per the Bureau of Labor Statistics. "East Valley" includes Chandler, Gilbert, Mesa and Tempe. Innovation Economy: % of Workers in High-Tech Industries 27% Chandler 15% East Valley 10% United States • Chandler has an innovation mindset and this is reflected in the companies located in our community. Ability to adapt to a changing global economy helps ensure long-term economic sustainability. Chandler Stats Chandler Update 6 chandleraz.gov/ed Target Industry Employment 7 • Chandler has experienced strong job growth while achieving a beneficial increase in diversification across key industries over the past 20 years. 14,210 4,710 1,780 3,520 19,900 14,660 5,700 6,440 27,230 15,210 12,510 13,300 0 5,000 10,000 15,000 20,000 25,000 30,000 High-Tech Manufacturing & Development Business Services Finance, Insurance, & Real Estate Health Care 2003 2013 2023 Data Source: MAG Employer Database Economic Development Update +5,690 +7,330 +9,950 +550 +3,920 +6,810 +2,920 +6,860 Data Source: MAG Employer Database Employment Base Top Industry Clusters by Employment: Chandler vs. MAG Region Industry 2003 2013 2023 Positive Trend? %Jobs in Chandler Location Quotient %Jobs in Chandler Location Quotient %Jobs in Chandler Location Quotient High Tech Manufacturing 22.2% 4.48 20.7% 4.38 20.0% 4.56 Business Services 7.3% 0.63 15.3% 1.29 11.2% 0.92 Consumer Services 8.2% 0.99 9.1% 0.97 10.6% 0.95 Retail 10.0% 0.89 13.0% 1.13 10.7% 0.94 Finance, Insurance, & Real Estate 2.8% 0.33 5.9% 0.66 9.2% 1.10 Healthcare 5.5% 0.73 6.7% 0.65 9.8% 0.79 Education 6.8% 0.99 6.5% 0.73 7.0% 0.95 Construction 10.0% 0.96 5.9% 0.74 4.5% 0.62 Transportation & Dist. 6.0% 0.81 5.2% 0.76 4.5% 0.65 8 ✓ ✓ ✓ ✓ ✓ ✓ Economic Development Update Jobs to Households 9 Data Sources: MAG Employer Database (2021), ESRI Business Analyst (2021) Data Sources: MAG Employer Database, American Community Survey 1-Year Estimates 95,940 116,980 135,910 84,762 91,969 105,611 2013 2018 2023 Jobs Households 1.13 1.27 1.29 2013 2018 2023 Jobs vs. Households Jobs per Household • Balance: Chandler continues to add jobs as its population grows. Economic Development Update 39% 2013 49% 2023 Data Source: American Community Survey 1-Year Estimates %Bachelor's Degree or Higher (Population 25 years and over) Median Household Income (In 2023 Inflation-Adjusted Dollars) Prosperous Community 10 Economic Development Update $93,579 $105,393 2013 2023 • Quality jobs bring educated residents and wealth to our community. Chandler Population Pyramids Chandler Update Source: U.S. Census Bureau (American Community Survey, 1-Year Estimates) 11 chandleraz.gov/ed 10% 5% 0% 5% 10% 0-4 5-9 10-14 15-19 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-64 65-69 70-74 75-79 80-84 85 and over Men 2022 Women 2010 • Chandler has been following national and state trends in that while the population is still growing (by attracting new residents), it has also continued to age. • These demographic shifts could have significant impacts on the city and our local economy. Potential Challenges for Chandler Chandler Update 12 chandleraz.gov/ed • Labor force availability • Consumer spending habits • School enrollment • Changing service expectations • Sustainability of revenue streams “Low fertility – and the aging population that it generates – implies fewer workers per capita and creates significant headwinds to economic growth, the fiscal sustainability of public benefit programs, and the trend of continuous improvement in living standards, as reflected in per capita incomes.” White House (May 23, 2024) Things to Think About 13 • Demographic shifts and community impacts • Housing turnover, vertical development opportunities with an emphasis on 55+ housing • Infrastructure Investment to facilitate private sector investment with ROI: • Water and sewer infrastructure • Electrical generation and transition • “Shovel ready sites” Economic Development Update Chandler Update 14 chandleraz.gov/ed Summary • Local economic trends are positive • Past infrastructure investments set stage for economic vitality • Chandler is well-positioned for future economic vitality, however: • Realization of demographic shifts • Addressing gaps in commercial real estate needs • Commitment to high-quality growth • Focused on the future