Arizona Nears Six Million People

The Arizona Republic reports that Arizona's population increased nearly 200,000 in one year, according to U.S. Census Bureau estimates released yesterday. That's the highest numerical growth in one year for the state.

Arizona surpassed Missouri in population during the year and is now the 17th in population with 5,939,292 population. "It's above anything we've seen lately," said Tom Rex, an ASU business research manager.

The jump amounted to an estimated 3.5 percent population increase from mid 2004 to mid 2005, which virtually ties Nevada for highest in the nation. The state is in a high period of its economic cycle, Rex said, and that means jobs are available for newcomers. More...

As long as we have population gains and job creation, our real estate market will do well.