(The Center Square) – Arizona continues to benefit economically from more people moving to the state.
Arizona gained a net of 36,841 people, adding $3,688,080 in gross income from those newcomers from tax years 2021 to 2022, based on new Internal Revenue Service data. Data from the IRS is typically delayed and compares filings done between states.
The biggest loser in the equation? The Golden State, as Arizona gained 57,857 people who came from California, compared with 25,677 moving from Arizona to California.
Those who came from California brought in more than double the gross income of those who left. Even though the Golden State has the nation’s highest population, it only recently rebounded from significant population drops it experienced during the COVID-19 pandemic, according to the Associated Press.
Danny Seiden, President and CEO of the Arizona Chamber of Commerce and Industry, praised the new numbers.
“These numbers reflect Arizona’s growing appeal as a prime destination for individuals seeking economic opportunity and a better quality of life,” Seiden told The Center Square in a statement on Monday. “It’s no surprise that the majority of these newcomers are ditching California in favor of a state that’s known for a welcoming business climate, lower taxes, and a higher quality of life. These migration trends show that our policies are paying off, making Arizona a magnet for talent and investment.”
Arizona is one of the largest gaining states when it comes to population by numeric growth, according to 2022-2023 numbers from the United States Census Bureau. In terms of jobs, local developments in the manufacturing, health care and defense sectors are often touted as some of the biggest drivers of jobs to the state.
When it comes to businesses leaving California, Arizona often finds itself in competition with Texas, which garners many of the relocations, The Center Square reported.
