| #38 New Mexico |
Previous: #37 Wisconsin | Next: #39 Vermont |

| Category | Score | 2008 Rank | 2007 Rank |
| Cost of Doing Business | 270 |
21 | 20 |
| Workforce | 156 | 32 | 41 |
| Economy | 178 | 8 | 21 |
| Education | 72 | 44 | 43 |
| Quality of Life | 51 | 44 | 48 |
| Technology & Innovation | 49 | 36 | 40 |
| Transportation | 53 | 22 | 27 |
| Cost of Living | 25 | 26 | 27 |
| Business Friendliness | 9 | 46 | 44 |
| Access to Capital | 28 | 23 | 31 |
| OVERALL | 891 | 38 | 45 |