US Buying Power:State-level data

The minority buying power report also contains state-level data with a number of notable findings:

• The ten states with the largest Hispanic markets, in order, are California ($265 billion), Texas ($176 billion), Florida ($107 billion), New York ($81 billion), Illinois ($44 billion), New Jersey ($39 billion), Arizona ($34 billion), Colorado ($22 billion), New Mexico ($20 billion), and Georgia ($17 billion).
• The top ten states, as ranked by the rate of growth of Hispanic buying power over the past decade, are South Dakota (253 percent), North Dakota (237 percent), Arkansas (229 percent), Alabama (228 percent), South Carolina (226 percent), Maine (222 percent), Tennessee (220 percent), West Virginia (211 percent), Mississippi (206 percent), and Maryland (204 percent).
• The ten states with the largest African-American markets, in order, are New York ($91 billion), Texas ($72 billion), Georgia ($66 billion), California ($64 billion), Florida ($63 billion), Maryland ($57 billion), Illinois ($46 billion), North Carolina ($44 billion), Virginia ($42 billion), and New Jersey ($36 billion).
• The ten states with the largest Asian consumer markets, in order, are California ($172 billion), New York ($54 billion), Texas ($34 billion), New Jersey ($34 billion), Illinois ($24 billion), Hawaii ($23 billion), Washington ($18 billion), Florida ($17 billion), Virginia ($17 billion), and Massachusetts ($14 billion).

About the Multicultural Economy Report

Since 1990, the annual Multicultural Economy report produced by the Selig Center for Economic Growth has provided a comprehensive overview of the buying power of African Americans, Asians, Hispanics and Native Americans and for the U.S. and all the states. To purchase the full report, visit the Selig Center website:http://www.terry.uga.edu/selig/

About the Selig Center

The Selig Center was established in memory of Atlanta entrepreneur Simon S. Selig Jr., a 1935 Terry College graduate, by his son, Steve Selig, and daughter, Cathy Selig, both of Atlanta. The Selig Center also publishes the college’s annual “Georgia Economic Outlook” forecast and produces commissioned studies for the state and the private sector.