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47. Mississippi (tie)

The economy is withering in the Magnolia State despite the nation’s lowest cost of living and dirt-cheap business costs.

Top States Mississippi
Source: George Kavallines
Category
Score
2016 Rank
2015 Rank
Workforce 176 44 21
Cost of Doing Business 261 3 2 (Tie)
Infrastructure 171 31 23 (Tie)
Economy 79 50 50
Quality of Life 117 44 39
Technology & Innovation 46 50 48
Education 57 48 47 (Tie)
Business Friendliness 25 47 48 (Tie)
Cost of Living 75 1 1
Access to Capital 17 34 33 (Tie)
Overall 1024 47 (Tie) 43

Economic Profile

Governor: Phil Bryant, Republican

Population: 2,992,333

GDP growth: 0.7 percent

Unemployment rate (May 2016): 5.8 percent

Top corporate tax rate: 5 percent

Top individual income tax rate: 5 percent

Gasoline tax: 37.19 cents/gallon

Bond rating/outlook: Aa2, stable

Major private employers: Nissan North America, EastGroup Properties

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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