5. Colorado

With low unemployment, the Centennial State needs more millennials—or workers of any age—to support its great economy.

Interior of a commercial medical and recreational marijuana grow facility in Denver, Colorado.
Jon Paciaroni | Getty Images
Interior of a commercial medical and recreational marijuana grow facility in Denver, Colorado.
Category
Score
2018 Rank
2017 Rank
Grade
Workforce 295 5 4 A+
Infrastructure 197 29 28 C+
Cost of Doing Business 142 37 38 C-
Economy 228 8 13 A-
Quality of Life 213 9 14 (Tie) B
Technology & Innovation 164 7 7 A
Education 132 11 12 B+
Business Friendliness 95 17 8 (Tie) B-
Access to Capital 81 11 12 A-
Cost of Living 17 34 32 D+
Overall 1564 5 6 -

Economic Profile

Governor: John Hickenlooper, Democrat

Population: 5,607,154

GDP growth (Q4 2017): 3.2 percent

Unemployment rate (May 2018): 2.8 percent

Top corporate tax rate: 4.63 percent

Top individual income tax rate: 4.63 percent

Gasoline tax: 22 cents/gallon

Bond rating: (Moody's/S&P): Aa1, stable/AA, stable

Major private employers: Wal-Mart, Centura Health, Dish Network Corp.

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

Top States Past Year Rankings

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  • CNBC unveils its 12th annual America's Top States for Business study. See where your state ranks in 2018.

Latest Special Reports

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    Americans continue to worry about persistent inflation, ongoing market volatility and the possibility of a recession. Many are working to manage the impact on their retirement and savings. The implications of all this economic uncertainty, as well as changes in tax laws, bring new considerations for individuals and especially those retirees planning for and managing future finances.

  • 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.