In the June issue of the Arizona Journal of Real Estate & Business, I report on the U.S. Census Bureau’s release of the top counties for numeric population growth. What do their numbers say for the three-year period, July 1, 2020, to July 1, 2023? They say both Maricopa and Pinal Counties are top counties for population growth!
· Maricopa County outperformed all other counties in the U.S. by adding 140,812 people over the three years. Approximately 90% of the increase is net migration. See Table One in article. (Table One also shows population gain over one-year in which Maricopa County finished fourth).
· This sustained population growth indicates that Maricopa County has been an attractive destination for people seeking new opportunities, better living conditions, retirement, or other reasons.
· Companies recognize Arizona’s potential and choose to establish or expand their operations here. This influx of businesses creates job opportunities, which, in turn, draws more people to the state.
· Pinal County, with its population of 484,232 people, deserves recognition for its population growth.
· Over the three-year span, Pinal County gained 54,052 people.
· This placed Pinal County at the eighteenth position among all counties in terms of numeric population increase.
· This sustained population growth over three years indicates the county’s attractiveness as a place to live and work.
In summary, Maricopa and Pinal Counties combination of job growth and quality of life makes both counties attractive destinations for both individuals and businesses.
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Click link and go to page 8 for full Arizona Real Estate Journal: Market Insights and Trends (asreb.com)
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