49. Mississippi

The Magnolia State offers a very low cost of living, but it is riddled with other issues.

A farmer directs the driver of the cotton picker during harvest on a farm near Clarksdale Mississippi.
Scott Olson | Getty Images
A farmer directs the driver of the cotton picker during harvest on a farm near Clarksdale Mississippi.
Category
Score
2018 Rank
2017 Rank
Grade
Workforce 188 41 46 C-
Infrastructure 172 41 41 (Tie) D+
Cost of Doing Business 203 22 1 B+
Economy 55 49 47 F
Quality of Life 111 42 44 F
Technology & Innovation 58 46 46 F
Education 65 43 46 F
Business Friendliness 28 45 43 F
Access to Capital 19 43 44 (Tie) F
Cost of Living 50 1 1 A+
Overall 949 49 48 -

Economic Profile

Governor: Phil Bryant, Republican

Population: 2,984,100

GDP growth (Q4 2017): 2.5 percent

Unemployment rate (May 2018): 4.7 percent

Top corporate tax rate: 5 percent

Top individual income tax rate: 5 percent

Gasoline tax: 18.79 cents/gallon

Bond rating (Moody's/S&P): Aa2, negative/AA, negative

Major private employers: Nissan North America, EastGroup Properties

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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