Maricopa County leads the nation in population growth

By: AZ Big Media 

Maricopa County led the nation in population growth between July 1, 2021, and July 1, 2022, based on the most recent county-level population estimates released from the U.S. Census Bureau. According to the data, domestic migration comprised the most substantial portion of Maricopa County’s population gain over the year. While Maricopa County population growth showed the most significant nominal increase, Texas held six out of the top 10 counties for numeric growth, and Florida retained three for the year. The two most populous counties in the nation: Los Angeles County, California and Cook County, Illinois, realized the worst declines in population over the year. Most Arizona counties experienced a boost in population between 2021 and 2022, though three counties lost population: Cochise, Graham, and Greenlee. Pinal County held the top position for percent change in population for Arizona with a 3.6% gain, followed by Mohave at 1.8%. Maricopa County, with the leading increase in people for the state and the nation, grew 1.3%.

Beyond Maricopa County population growth, Arizona personal income for the fourth quarter of 2022 increased 7.9% on a seasonally adjusted annual basis, ranking it in the second highest quintile among states according to the March 31^st U.S. Bureau of Economic Analysis release. Arizona ranked 14^th for personal income growth in the fourth quarter, with Massachusetts ranked first at a 15.3% increase and Colorado last with a -2.5% change. Arizona personal income experienced four solid quarters throughout 2022, with Q1-Q4 as follows: 1.5%, 8.2%, 6.7%, and 7.9% (seasonally adjusted at annual rates). The most significant movement within personal income occurred in the dividends, interest, and rent category at a 9.8% increase, followed by transfer receipts at 8.9% and personal income at 7.9%. Net earnings increased by 6.9% for the state.

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