40. Arkansas

Costs are low in the Natural State, but when it comes to quality of life, you get what you pay for.

A farmer surveys a rice crop in Arkansas. 
Bill Barksdale | Getty Images
A farmer surveys a rice crop in Arkansas. 
Category
Score
2018 Rank
2017 Rank
Grade
Workforce 186 43 37 C-
Infrastructure 231 12 12 (Tie) B
Cost of Doing Business 257 1 7 (Tie) A+
Economy 127 39 32 D+
Quality of Life 81 50 47 F
Technology & Innovation 57 47 48 F
Education 66 42 38 D-
Business Friendliness 53 40 39 D+
Access to Capital 29 36 32 (Tie) D
Cost of Living 49 2 4 A+
Overall 1136 40 41 -

Economic Profile

Governor: Asa Hutchinson, Republican

Population: 3,004,279

GDP growth (Q4 2017): 2.5 percent

Unemployment rate (May 2018): 3.8 percent

Top corporate tax rate: 6.5 percent

Top individual income tax rate: 6.9 percent

Gasoline tax: 21.50 cents/gallon

Bond rating: (Moody's/S&P): Aa1, stable/AA, 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 (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

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