18. Tennessee

The Volunteer State steps up with a great infrastructure, but a high crime rate and poor health hurt quality of life.

Top States Tennessee
Source: George Kavallines
2016 Rank
2015 Rank
Workforce 219 22 8
Cost of Doing Business 234 10 12
Infrastructure 239 2 (Tie) 3
Economy 188 21 31 (Tie)
Quality of Life 103 46 50
Technology & Innovation 132 24 27
Education 79 40 (Tie) 42 (Tie)
Business Friendliness 114 6 8
Cost of Living 69 5 2
Access to Capital 34 17 18
Overall 1411 18 17

Economic Profile

Governor: Bill Haslam, Republican

Population: 6,600,299

GDP growth: 2 percent

Unemployment rate (May 2016): 4.1 percent

Top corporate tax rate: 6.5 percent

Top individual income tax rate: 6 percent on dividends and interest earnings

Gasoline tax: 39.80 cents/gallon

Bond rating/outlook: Aaa, stable

Major private employers: Covenant Health, FedEx

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

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