46. Maine

Quality of life is fresh in the Pine Tree State, but poor infrastructure sometimes means you can’t get there from here.

Top States Maine
Source: George Kavallines
Category
Score
2016 Rank
2015 Rank
Workforce 128 50 50
Cost of Doing Business 160 33 34
Infrastructure 108 48 41
Economy 97 49 42 (Tie)
Quality of Life 246 5 5
Technology & Innovation 89 39 36 (Tie)
Education 96 31 20 (Tie)
Business Friendliness 60 34 39
Cost of Living 18 39 38
Access to Capital 25 27 26
Overall 1027 46 44

Economic Profile

Governor: Paul LePage, Republican

Population: 1,329,328

GDP growth: 0.4 percent

Unemployment rate (May 2016): 3.5 percent

Top corporate tax rate: 8.93 percent

Top individual income tax rate: 7.15 percent

Gasoline tax: 48.41 cents/gallon

Bond rating/outlook: Aa2, stable

Major private employers: Hannaford Brothers Co., Avangrid

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.