Have questions about this report? Ask the author(s).
Compares states and metropolitan areas on several indicators of productivity and prosperity, with the indicators adjusted by a new measure of the cost of living. Arizona ranked among the bottom eight states on each of the prosperity measures and among the bottom 15 states on each of the productivity measures after adjusting for living costs.
After receiving his Bachelor of Business Administration from the University of Toledo, Tom earned his Master of Business Administration from Arizona State University in 1976. After working in the private sector, he joined ASU in 1980, working for the predecessor of the L. William Seidman Research Institute. Since 2005, he has served as manager of research initiatives in the Office of the University Economist.
An update to the November 2022 paper that presented data through 2021, estimates are presented of the number of ASU graduates working in Arizona, as well as their average wage, aggregate wages, and tax payments. Estimates are made for each year from 2012 through 2022.
Arizona’s median age in 2020 of 38.9 was nearly identical to the national average, but the state’s increase in median age between 2010 and 2020 tied for the highest in the country. Arizona’s larger-than-average increase can be traced to strong net in-migration at early…
On the most reliable measures of business climate, Arizona ranks in the middle of the states. The most important business location factors that can be influenced by public policy are labor force quality and availability, and physical infrastructure quality and…