6. North Dakota

Despite falling oil prices, the booming Peace Garden State hasn’t gone quiet. An influx of workers offsets a lack of innovation.

2015 Rank
2014 Rank
Workforce 283 1 8
Cost of Doing Business 191 25 22
Infrastructure 222 8 10
Economy 224 13 7
Quality of Life 200 19 5
Technology & Innovation 76 41 (Tie) 49
Education 119 15 22
Business Friendliness 132 1 7
Cost of Living 33 29 12
Access to Capital 20 31 (Tie) 45
Overall 1500 6 10

Economic Profile

Governor: Jack Dalrymple, Republican

Population: 739,482

GDP growth: 6.3 percent

Unemployment rate (May 2015): 3.1 percent

Top corporate tax rate: 4.53 percent

Top individual income tax rate: 3.22 percent

Gasoline tax: 41 cents/gallon

Bond rating/outlook: Aa1/stable

Major private employer: Sanford-Health

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, North Dakota Workforce Intelligence Network


Latest Special Reports

  • Innovative female entrepreneur examining prototype

    In an era of rapid technological advances and demographic change, how do legacy companies adapt, innovate and evolve? CNBC Evolve features iconic global companies and executives who are embracing change and transforming for the future.

  • Invest in You: Ready. Set. Grow. is focused on improving Americans’ money knowledge of saving, spending and investing.

  • All the tools you need to navigate the financial challenges of planning and paying for college.