The Immigrant Impact

New Jersey is 2020’s state where immigrants have the third biggest economic impact.

With immigration reform remaining one of the biggest policy issues in 2020 and $7.2 billion in Pentagon funds potentially going toward border wall funding, the personal finance website WalletHub today released its report on 2020’s Economic Impact of Immigration by State as well as accompanying videos.

In order to determine which states benefit most from immigration, WalletHub compared the 50 states and the District of Columbia across 23 key metrics, ranging from median household income of foreign-born population to jobs generated by immigrant-owned businesses as a share of total jobs.

Immigrants’ Economic Impact on New Jersey (1=Biggest Impact; 25=Avg.):

1st – Percentage of Jobs Generated by Immigrant-Owned Businesses Out of Total Jobs

4th – Median Household Income of Foreign-Born Population

1st – Percentage of Foreign-Born STEM Workers Out of Total STEM Workers

11th – Percentage of Foreign-Born Population Aged 25 & Older with a Bachelor’s Degree or Higher

19th – Percentage of Fortune 500 Companies Founded by Immigrants or Their Children

19th – Percentage of Jobs Created by Presence of International Students Out of Total Jobs

24th – Economic Contribution of International Students per Capita

For the full report, visit wallethub.com/edu/economic-impact-of-immigration-by-state/32248/

Online Edition