In four Morrison Institute reports between 1997 and 2004, Phoenix area residents said their quality of life (QOL) was generally good. Some of the same questions were asked of the statewide Arizona Indicators Panel and are reported in this newsletter. In general, results mirror the positive levels of quality of life reported in the "Greater Phoenix What Matters" reports. This suggests such perceptions are stable over time and under different economic conditions. In this sense, they are indicators of long-term levels of social stability, even for a state noted for a changing and growing population and its cycles of economic boom and bust. Beyond the headline of Arizonans believing their quality of life is good, their outlooks show considerable variety. Opinions differ significantly depending upon geographic location, racial/ethnic background, age, income, education, and other variables. Reported data is expected to constitute a new baseline on quality of life in Arizona, and future panel surveys will explore it further. [Data reported come from the Arizona Indicators Panel, a statewide representative sample of Arizonans. Panel members have agreed to be surveyed online several times a year across multiple topic areas to permit depth and exploration of topics with the same sample group and solve some of the problems experienced in random sample telephone surveys. Reported results come from two rounds of panel questions and were collected in May and July 2008. The summarized results contain the statistically significant differences on selected demographic characteristics of panel participants that can be found at the end of the report. Arizona Indicators is a partnership of Arizona State University, The Arizona Republic, Arizona Community Foundation, Valley of the Sun United Way, and Arizona Department of Commerce.]