×

3. Colorado

The Centennial State boasts a highly skilled workforce — the most educated in the nation. But cost of living is high.

Top States Colorado
Source: George Kavallines
Category
Score
2016 Rank
2015 Rank
Workforce 283 1 16 (Tie)
Cost of Doing Business 126 37 36
Infrastructure 181 29 14 (Tie)
Economy 288 2 3
Quality of Life 219 12 9 (Tie)
Technology & Innovation 183 8 5
Edcucation 104 25 24
Business Friendliness 99 9 18
Cost of Living 29 32 31
Access to Capital 43 8 8 (Tie)
Overall 1555 3 4

Economic Profile

Governor: John Hickenlooper, Democrat

Population: 5,456,574

GDP growth: 3.6 percent

Unemployment rate (May 2016): 3.4 percent

Top corporate tax rate: 4.63 percent

Top individual income tax rate: 4.63 percent

Gasoline tax: 40.40 cents/gallon

Bond rating/outlook: Aa1, stable

Major private employers: Wal-Mart, Centura Health, Dish Network Corp.

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, S&P Global Market Intelligence

Latest Special Reports

  • Airport

    From the most innovative hotels to the best ways to be a road warrior, CNBC tackles the business of travel in this new special report covering the leisure and hospitality sector.

  • Business icons and provocateurs share their innovative models. Learn how to upend old industries and start new ones that move markets.

  • CNBC|Survey Monkey Small Business Survey animation

    The Small Business Survey provides insight to Main Street opinions on regulation and hot issues facing smaller firms.