Tempe has the 112th largest population in the United States. The population grew by 8.7% from 2010 to 2015, which was faster than the national average. Tempe is part of the Phoenix metro area. Unemployment in the Phoenix area is 4%, which is higher than the national average, and is getting better. Phoenix has the 16th largest local economy in the US, and a high cost of living. The average pay for jobs in Tempe is below average at $46,700, and the median cost of a home in Tempe is $197,200, which is above the national average. 41% of workers in Tempe hold a bachelors degree or higher (above average), and 90% of workers have a high school degree (above average). Driving to work is especially common in Tempe. 76% of Tempe workers drive to work alone, 2% take public transit, 11% carpool, and 9% walk. People in Tempe spend an average of 20 minutes commuting to work, which is shorter than the national average of 26 minutes.