48. West Virginia

The cost of living here is among the lowest in the country, but getting over the Mountain State’s rugged business regulations and gaining access to capital can be challenging.

Category
Score
2014 Rank
2013 Rank
Cost of Doing Business 278 18 (Tie) 19
Workforce 102 44 (Tie) 50
Quality of Life 108 39 36
Infrastructure & Transportation 135 40 37
Economy 170 39 27
Education 72 28 (Tie) 42
Technology & Innovation 44 48 49
Business Friendliness 13 50 50
Cost of Living 46 5 24
Access to Capital 1 49 (Tie) 39
Overall 969 48 48

Economic Profile

Governor: Earl Ray Tomblin, Democrat

Population: 1,854,304

GDP growth: 5.1 percent

Unemployment rate (May 2014): 6 percent

Top corporate tax rate: 6.5 percent

Top individual income tax rate: 6.5 percent

Gasoline tax: 54 cents/gallon

Bond rating/outlook: Aa1/stable

Major private employer: Wal-Mart

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

  • Scott Cohn develops in-depth features, special reports and documentaries for CNBC and CNBC.com.

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