Immigrants Contribute Billions to Dallas Economy: Report
A new report reveals that immigrants in Dallas contribute significantly to the local economy, earning $10.7 billion in income in 2022 and paying billions in taxes, highlighting their essential role in the city’s workforce and business landscape.
A recent report from the American Immigration Council sheds light on the significant contributions of immigrants to the Dallas economy. According to the report, immigrants accounted for 23.2% of the city’s total population in 2022 and played a crucial role in bolstering various sectors of the local economy.
The report, prepared in collaboration with the city of Dallas using data from the American Community Survey, underscores the economic impact of immigrants in the city. Steven Hubbard, a senior data scientist with the American Immigration Council, emphasized the importance of immigrants in filling essential roles in the job market.
Key findings from the report reveal that immigrants in Dallas represent a sizable portion of the workforce, comprising 28.4% of the city’s employed labor force. Moreover, immigrants are 34.5% more likely to be of working age compared to their U.S.-born counterparts, indicating their significant presence in the job market.
In terms of economic contribution, immigrant households in Dallas earned a total income of $10.7 billion in 2022. This income resulted in substantial tax contributions, with immigrants paying $1.6 billion in federal taxes and $900.6 million in state and local taxes. Additionally, immigrants had $8.2 billion in spending power, which was reinvested in local communities, further stimulating economic growth.
The report also highlights the vital role of immigrant students and entrepreneurs in the city’s economy. International students, in particular, contribute to the economy by attending colleges and universities in Dallas. Furthermore, immigrants are actively involved in various industries, including technology, construction, manufacturing, and entrepreneurship.
Contrary to misconceptions, the report reveals that immigrants are not a burden on social services. Only 15.8% of immigrants in Dallas received Medicare and Medicaid, compared to 32.7% of the U.S.-born population. Despite this lower utilization of social services, immigrants still contribute significantly to programs like Social Security and Medicare.
Overall, the report underscores the indispensable role of immigrants in driving economic growth, fostering diversity, and enriching the fabric of the Dallas community.