By Andy Blye | Phoenix Business Journal
Most everyone under the Arizona sun knows that the state is growing in population, but the majority of the newcomers into the Grand Canyon State have more money to spend — and it is having a major impact on home prices.
Arizona’s population grew by about 98,000 people (or 1.4%) between 2020 and 2021, which was the fourth-largest growth rate in the country, behind Idaho, Utah and Montana. In terms of the sheer number of newcomers, only Texas and Florida added more people during the same time period, according to population data from the U.S. Census Bureau.
The bulk of Arizona’s population resides in Maricopa County, which was again the fastest-growing county in the nation, adding more than 21,000 net new tax filers between 2019 and 2020. Pinal County, just south of Maricopa, was the 10th fastest growing, with about 7,900 net new filers.
The COVID-19 pandemic spurred migration across the country, as people reevaluated their lives, the ways they work and where they wanted to live.
Read more (subscriber content)
Some stories may only appear as partial reprints because of publisher restrictions.