8. Utah

The Beehive State fails to repeat 2016’s first-place finish, as a falling education rank proves to be a buzzkill.

George Kavallines | CNBC
2017 Rank
2016 Rank
Workforce 297 18 12
Infrastructure 212 9 13
Cost of Doing Business 193 24 (Tie) 19 (Tie)
Economy 247 4 3
Quality of Life 186 20 13
Technology & Innovation 131 18 (Tie) 16
Education 82 34 (Tie) 23
Business Friendliness 100 16 10
Access to Capital 66 18 (Tie) 24
Cost of Living 34 17 22
Overall 1548 8 1

Economic Profile

Governor: Gary Herbert, Republican

Population: 3,051,217

GDP growth (Q4 2016): 3.2 percent

Unemployment rate (May 2017): 3.2 percent

Top corporate tax rate: 5 percent

Top individual income tax rate: 5 percent

Gasoline tax: 29.41 cents/gallon

Bond rating/outlook (Moody's, S&P): Aaa, AAA stable

Major private employers: Intermountain Health Care, Extra Space Storage

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 (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

Latest Special Reports

  • Coverage of the World Economic Forum’s annual meeting in Davos, Switzerland.

  • senior couple on beach

    A fixed-income strategy is key for investors who are retired or are approaching retirement. This special report details the range of tools and strategies used to manage a fixed income portfolio.

  • These are the 2022 JUST 100 companies, a ranking of America’s largest publicly traded companies on ESG issues that define 'just' business behavior and reflect the priorities of the American public, produced in partnership with research nonprofit Just Capital.