7. Washington

While the costs of living and doing business are high, the Evergreen State’s economy stands tall, innovation is flourishing, and the quality of life is good.

Category
Score
2014 Rank
2013 Rank
Cost of Doing Business 183 34 44
Workforce 155 24 24
Quality of Life 225 6 10
Infrastructure & Transportation 206 17 31
Economy 310 2 24
Education 77 25 28
Technology & Innovation 246 4 4
Business Friendliness 109 23 23
Cost of Living 13 38 (Tie) 36
Access to Capital 21 9 (Tie) 7
Overall 1545 7 21

Economic Profile

Governor: Jay inslee, Democrat

Population: 6,971,406

GDP growth: 2.7 percent

Unemployment rate (May 2014): 6.1 percent

Top corporate tax rate: 0 percent

Top individual income tax rate: 0 percent

Gasoline tax: 56 cents/gallon

Bond rating/outlook: Aa1/stable

Major private employer: Boeing

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Washington FY 2013 CAFR

Top States For Business

From the Governors

Latest Special Reports

  • Financial Portfolio

    A look at how leading portfolio managers and institutional investors build investment plans to meet clients’ goals.

  • The CNBC All-America Economic Survey shows bright spots in the economy, with housing and stocks in the forefront.

  • Watch investments

    Covering the full set of tools and strategies for long-term investors: How to take everyday market fluctuations in stride, and when to know it’s time to take action or protect against a major economic shifts.