41. Arkansas

Costs are low in the Natural State, but poor health lands this state at the bottom for quality of life.

Top States Arkansas
Source: George Kavallines
2016 Rank
2015 Rank
Workforce 196 34 12
Cost of Doing Business 238 9 4
Infrastructure 192 21 (Tie) 35 (Tie)
Economy 159 32 16 (Tie)
Quality of Life 68 50 44
Technology & Innovation 65 47 46
Education 88 36 35
Business Friendliness 39 42 37 (Tie)
Cost of Living 72 3 11 (Tie)
Access to Capital 12 39 38
Overall 1129 41 32

Economic Profile

Governor: Asa Hutchinson, Republican

Population: 2,978,204

GDP growth: 1.5 percent

Unemployment rate (May 2016): 3.8 percent

Top corporate tax rate: 6.5 percent

Top individual income tax rate: 6.9 percent

Gasoline tax: 40.20 cents/gallon

Bond rating/outlook: Aa1, stable

Major private employers: Tyson Foods, Wal-Mart Stores

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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