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37. Delaware

The First State has the nation’s third-highest cost of living. But the state has a well-deserved reputation for business friendliness.

Top States Delaware
Source: George Kavallines
Category
Score
2016 Rank
2015 Rank
Workforce 247 13 14 (Tie)
Cost of Doing Business 122 38 38 (Tie)
Infrastructure 161 36 39 (Tie)
Economy 178 26 (Tie) 26 (Tie)
Quality of Life 164 28 30
Technology & Innovation 125 27 22
Education 68 45 38
Business Friendliness 97 11 4
Cost of Living 5 48 37
Access to Capital 5 46 (Tie) 47
Overall 1172 37 38

Economic Profile

Governor: Jack Markell, Democrat

Population: 945,934

GDP growth: 2 percent

Unemployment rate (May 2016): 4.1 percent

Top corporate tax rate: 8.7 percent

Top individual income tax rate: 6.6 percent

Gasoline tax: 41.40 cents/gallon

Bond rating/outlook: Aaa, stable

Major private employers: Christiana Care Health Systems, E.I. du Pont de Nemours and Company

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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