Now is a better time than ever to live in Arizona. According to the Bureau of Economic Analysis, personal income for Arizona residents has risen above the national average. With personal incomes increasing 2.6 percent in the past year, the Copper State exceeds the 1.1 percent rise the national average has seen. This substantial increase puts Arizona in the top 10 in growth rate throughout the country.
While Arizona is thriving, the states to see the greatest personal income growth were:
- Utah
- Georgia
- Washington
Meanwhile, the states where personal income decreased includes:
- Wyoming
- Oklahoma
- Louisiana
- North Dakota
- Kansas
- West Virginia
- Alaska
- Texas
Elsewhere in the study, figures on price parity throughout the United States were analyzed. For comparison, the national average score is 100. Arizona came in 27th place for price parity with a score of 95.9. This score means price per goods in the Grand Canyon State tend to be cheaper than almost half of the states in America.
The top states for the price parity rankings are:
- Hawaii
- New York
- California
Meanwhile, the states that scored the lowest in price parity were:
- Mississippi
- Alabama
- Arkansas
