47. Hawaii

The Aloha State gets high marks for its quality of life, but the cost of living here is high.

A surfer in the Aloha State.
Getty Images
A surfer in the Aloha State.
2018 Rank
2017 Rank
Workforce 148 48 48 D-
Infrastructure 173 40 40 D+
Cost of Doing Business 70 49 50 F
Economy 134 33 35 (Tie) C-
Quality of Life 264 2 1 A+
Technology & Innovation 63 42 45 F
Education 94 31 30 (Tie) C-
Business Friendliness 37 43 47 (Tie) D-
Access to Capital 22 42 41 (Tie) F
Cost of Living 1 50 50 F
Overall 1006 47 49 -

Economic Profile

Governor: David Ige, Democrat

Population: 1,427,538

GDP growth (Q4 2017): 2.0 percent

Unemployment rate (May 2018): 2.0 percent

Top corporate tax rate: 6.4 percent

Top individual income tax rate: 11 percent

Gasoline tax: 46.92 cents/gallon

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

Major private employers: Bank of Hawaii, Corp., Hawaiian Electric Industries Inc.

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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