42. Oklahoma

Costs are low in the Sooner State, but better health care is sorely needed to raise the quality of life.

Top States Oklahoma
Source: George Kavallines
2016 Rank
2015 Rank
Workforce 184 41 41
Cost of Doing Business 225 13 9
Infrastructure 188 26 17
Economy 116 44 14
Quality of Life 86 48 49
Technology & Innovation 71 43 43
Education 73 44 44
Business Friendliness 95 12 21
Cost of Living 68 6 5
Access to Capital 16 35 33 (Tie)
Overall 1122 42 31

Economic Profile

Governor: Mary Fallin, Republican

Population: 3,911,338

GDP growth: 1.3 percent

Unemployment rate (May 2016): 4.7 percent

Top corporate tax rate: 6 percent

Top individual income tax rate: 5 percent

Gasoline tax: 35.40 cents/gallon

Bond rating/outlook: Aa2, negative

Major private employers: Wal-Mart, Integris Health, Williams Partners

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.