38. Delaware

The First State is among the worst when it comes to business costs. But it does boast a first-class workforce.

Rehoboth Beach boardwalk in Delaware.
Getty Images
Rehoboth Beach boardwalk in Delaware.
2018 Rank
2017 Rank
Workforce 256 14 15 B+
Infrastructure 189 35 36 C
Cost of Doing Business 122 41 40 D+
Economy 151 25 39 C
Quality of Life 123 39 37 (Tie) D-
Technology & Innovation 120 24 18 (Tie) C+
Education 101 26 36 C
Business Friendliness 72 28 22 C
Access to Capital 28 38 38 (Tie) D-
Cost of Living 16 35 33 D
Overall 1178 38 40 -

Economic Profile

Governor: John Carney, Democrat

Population: 961,939

GDP growth (Q4 2017): 0.2 percent

Unemployment rate (May 2018): 4.0 percent

Top corporate tax rate: 8.7 percent

Top individual income tax rate: 6.6 percent

Gasoline tax: 23 cents/gallon

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

Major private employers: Christiana Care Health Systems, E.I. du Pont de Nemours and Company

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

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

  • CNBC unveils its 11th annual America's Top States for Business ranking for 2017, scoring all 50 states on 10 key measures of competitiveness.

  • Top States promos Arm Wrestling

    CNBC unveils its 10th annual America's Top States for Business ranking, scoring all 50 states on 10 key measures of competitiveness.

Latest Special Reports

  • Traders and financial professionals work on the floor of the New York Stock Exchange.

    CNBC’s financial reporters weigh in on what every investor needs to know when it comes to companies' earnings reports.

  • CNBC's 'After Hours' breaks down the day's top business stories and most-talked about interviews from CNBC's airwaves.

  • The personal and economic pain from the COVID-19 pandemic is being felt all over the world. As a result of this unprecedented disruption, businesses owners and employees are dealing with an immeasurable level of suffering and facing scenarios they never could have imagined. Through expert analysis and advice from proven business leaders, The Path Forward explores the extraordinary challenges businesses are facing and offers ideas to help owners navigate this global crisis and thrive once again.