25. Arizona

The Grand Canyon State is riding high with qualified workers despite an education system that is among the nation’s worst.

Top States Arizona
Source: George Kavallines
2016 Rank
2015 Rank
Workforce 274 5 14 (Tie)
Cost of Doing Business 118 40 40
Infrastructure 200 16 (Tie) 9 (Tie)
Economy 210 15 36 (Tie)
Quality of Life 152 32 (Tie) 31
Technology & Innovation 139 22 24 (Tie)
Education 62 47 49
Business Friendliness 101 8 13
Cost of Living 30 31 28
Access to Capital 23 28 25
Overall 1309 25 34

Economic Profile

Governor: Doug Ducey, Republican

Population: 6,828,065

GDP growth: 0.9 percent

Unemployment rate (May 2016): 5.6 percent

Top corporate tax rate: 5.5 percent

Top individual income tax rate: 4.54 percent

Gasoline tax: 37.40 cents/gallon

Bond rating/outlook: Aa2, stable

Major private employers: Banner Health, Southern Copper 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

  • Between new federal tax bill changes and underutilized deductions, CNBC finds ways to save money while filing taxes.

  • Coverage of the World Economic Forum’s annual meeting in Davos, Switzerland.

  • To turn the page on structural racism, communities are Changing The Narrative. In this series, CNBC explores the central themes of racial healing through stories addressing implicit bias in economic data, the major obstacles to racial equity at work, how fiscal investment can change the narrative on minority entrepreneurship and the ramifications of the great resignation in the Black community.