Thatcher, AZ
Population 5,354 · Arizona
About Thatcher, AZ
Thatcher is a small town located in Arizona with a population of 5,354 residents according to the latest US Census Bureau American Community Survey data. The median household income is $77,455 per year, which is 3% above the national median of $75,149. The median age of 29.6 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Thatcher features a median home value of $274,400, which is 12% above the national median of $244,900. This positions Thatcher in a moderately priced market relative to the rest of the country. Median monthly rent is $967, 17% below the national average of $1,163/month. Of the 1,862 total housing units, 71% are owner-occupied (1,287 units) and 29% are renter-occupied (527 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Thatcher shows an unemployment rate of 5.3%, which is near the national rate of 3.7%. The poverty rate stands at 12.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Thatcher have an average one-way commute time of 22.5 minutes.
Education & Demographics
21.1% of Thatcher residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 19.0% White, 0.6% Hispanic or Latino, 0.0% Black or African American, and 1.2% Asian residents, with 3.3% of the population being foreign-born.
Cost of Living in Thatcher, AZ
Compared to national averages, Thatcher has a median household income of $77,455 (3% above the national median of $75,149). Home values average $274,400, which is 12% above the national median. Monthly rent at $967 is 17% below the US average of $1,163. Within Arizona, Thatcher's income is 25% above the state average of $62,086, and home values are 16% above the state median of $237,048.
Why Live in Thatcher, AZ?
Thatcher offers a strong local economy with a median household income of $77,455, well above the national average, and rent that’s lower than the national average at $967/month, and a low poverty rate of 12.3%, better than the national average. Additionally, the city features short commute times averaging just 22.5 minutes.
Thatcher has a population of 5,354 with a median age of 29.6 years. Compare Thatcher with other cities to see how it stacks up, or explore all cities in Arizona.
Similar Cities Near Thatcher
Cities in Arizona with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Benson | 5,331 | $48,854 | $145,700 | Compare |
| Guadalupe | 5,293 | $58,507 | $233,500 | Compare |
| Citrus Park | 5,136 | $136,653 | $659,700 | Compare |
| Kayenta | 5,651 | $60,925 | $37,900 | Compare |
| Cave Creek | 5,033 | $102,589 | $791,900 | Compare |
| Three Points | 5,033 | $53,083 | $147,900 | Compare |
| Bisbee | 4,963 | $46,689 | $209,600 | Compare |
| Paulden | 4,874 | $88,945 | $344,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Arizona
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Thatcher With Other Cities
Frequently Asked Questions about Thatcher
What is the population of Thatcher, AZ?
The population of Thatcher, AZ is 5,354 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Arizona.
What is the median household income in Thatcher?
The median household income in Thatcher, AZ is $77,455 per year, which is 3% above the national median of $75,149.
What is the median home value in Thatcher?
The median home value in Thatcher, AZ is $274,400, which is 12% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Thatcher?
The median monthly rent in Thatcher, AZ is $967, which is 17% below the national average of $1,163/month.
What is the unemployment rate in Thatcher?
The unemployment rate in Thatcher, AZ is 5.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Thatcher, AZ a good place to live?
Thatcher offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 5,354 and a median age of 29.6, the city appeals to young professionals and families.
How educated is Thatcher, AZ?
21.1% of residents in Thatcher aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Thatcher?
Key cost-of-living indicators for Thatcher, AZ: median home value is $274,400 (12% above national), median rent is $967/month, and median household income is $77,455. The home-value-to-income ratio is 3.5x, a moderate figure by national standards.
What is the poverty rate in Thatcher?
The poverty rate in Thatcher, AZ is 12.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Thatcher, AZ?
Thatcher's population is 19.0% White, 0.6% Hispanic or Latino, 0.0% Black or African American, 1.2% Asian, and 0.2% two or more races. 3.3% of residents are foreign-born.