Arizona ranked No. 2 in personal income growth to start 2019

Jun 26, 2019, 3:15 PM

PHOENIX – Arizona ranked second in the nation in personal income growth for the first quarter of 2019, according to federal data released Tuesday.

Personal income in the Grand Canyon State for January through March grew by 5.5% over the final quarter of 2018, according to Bureau of Economic Analysis estimates.

West Virginia at 5.6% was the only state with faster growth over that period.

The national average was 3.4%, a decrease from 4.1% the previous quarter.

“With personal income growth outpacing the national average, Arizonans have more money in their pockets to provide for their families,” Gov. Doug Ducey said in a press release.

“Our growth is thanks to the hard work of job creators, entrepreneurs and employees. We will continue to focus on creating an economic environment that brings more jobs and opportunity to our state.”

Eric Jay Toll, communications manager for Phoenix Community and Economic Development, told KTAR News 92.3 FM Arizona’s job growth is especially strong in fields with high wages and stability.

“The industry sectors making the largest contribution to Arizona’s 5.5% personal income growth are biosciences and health care, construction, leisure and hospitality, and business and professional services,” Toll said in an email.

Arizona ranked fifth nationally for personal income growth for the year in 2018.

Lifetime Windows & Doors

We want to hear from you.

Have a story idea or tip? Pass it along to the KTAR News team here.

Arizona News

A voter casts his ballot at a drop box on Nov. 8, 2022, in Mesa, Arizona. After months of candidate...
SuElen Rivera

Maricopa County Board of Supervisors responds to AG’s office about voting issues

The Maricopa County Board of Supervisors on Sunday responded to the Arizona Attorney General's Office about voting issues on the Nov. 8 election.
21 hours ago
(Facebook Photo/Enchant Scottsdale)...

Weekend wrap-up: Here are the biggest Arizona stories from Nov. 25-27

More Christmas events are popping up around the Valley and the police are looking for tips into a couple homicides over the weekend. Here are this weekend's top stories.
21 hours ago
(Maricopa County Sheriff's Office Photo)...

Suspect arrested after man fatally shot at Phoenix gas station

A man allegedly involved in the fatal shooting of a man at a Phoenix gas station was arrested Saturday.
21 hours ago
(Pexels Photo)...

Detectives investigating fatal hit-and-run with pedestrian in wheelchair in Goodyear

A woman in a wheelchair died after she was struck by a vehicle in Goodyear Saturday evening, authorities said.
21 hours ago
(City of Peoria Photo)...
Audrey Jensen/Phoenix Business Journal

Peoria approves tax incentive agreement with mixed-use project developer

Peoria moved forward with what could be the final development agreement needed for a new mixed-use office project called Stadium Point.
21 hours ago
Follow @KTAR923...

Downtown Chandler hosts life-sized holiday treats display ‘Sugarland’

Downtown Chandler kicked off the holiday season with an interactive Christmas display filled with life-sized treats on Saturday.
21 hours ago

Sponsored Articles

Day & Night Air Conditioning, Heating and Plumbing

Prep the plumbing in your home just in time for the holidays

With the holidays approaching, it's important to know when your home is in need of heating and plumbing updates before more guests start to come around.

Key dates for Arizona sports fans to look forward to this fall

Fall brings new beginnings in different ways for Arizona’s professional sports teams like the Cardinals and Coyotes.
Day & Night Air Conditioning, Heating and Plumbing

Ways to prevent clogged drains and what to do if you’re too late

While there are a variety of ways to prevent clogged drains, it's equally as important to know what to do when you're already too late.
Arizona ranked No. 2 in personal income growth to start 2019