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February 15, 2017

President Donald Trump might keep this in mind before he signs another executive order: New Jersey is ranked second among all states and the District of Columbia in terms of the economic impact of immigrants on its overall economy. That’s according to a new study from WalletHub, the personal finance website.

A quick look at the top-level findings makes clear just how much immigrants contribute to New Jersey’s economic well-being:

  • The state is ranked second for the percentage of jobs generated by immigrant-owned businesses.

  • It takes the third spot for median household income of foreign-born population.

  • New Jersey is first for the percentage of immigrant STEM workers out of the total number of STEM workers.

  • The state ranks 12th for the percentage of immigrants age 25 or older who hold a bachelor’s degree or higher.

  • The Garden State comes in 21st for the percentage of Fortune 500 companies founded by immigrants or their children.

In order to determine the states in which immigration has the most positive economic impact, WalletHub’s analysts compared the 50 states and the District of Columbia across four key dimensions: immigrant workforce, socioeconomic contribution, “brain gain” and innovators, international students — using 18 key metrics.

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