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
Category
Score
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

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.