23. Missouri

The Show Me State exhibits low costs. But there are signs of stress, with high crime and poor health.

Bottles of Anheuser-Busch's Bud Light, Budweiser and Budweiser Select and InBev NV's Bass, Stella Artois, and Hoegarden are arranged for a photograph at the Van Goghz Martini Bar & Bistro in St. Louis, Missouri.
Whitney Curtis | Bloomberg | Getty Images
Bottles of Anheuser-Busch's Bud Light, Budweiser and Budweiser Select and InBev NV's Bass, Stella Artois, and Hoegarden are arranged for a photograph at the Van Goghz Martini Bar & Bistro in St. Louis, Missouri.
Category
Score
2018 Rank
2017 Rank
Grade
Workforce 188 41 43 C-
Infrastructure 238 11 11 B+
Cost of Doing Business 241 8 17 A+
Economy 151 25 18 C
Quality of Life 101 45 46 F
Technology & Innovation 125 22 22 C+
Education 121 18 15 (Tie) B-
Business Friendliness 73 27 23 C
Access to Capital 61 22 20 (Tie) C+
Cost of Living 45 6 11 A
Overall 1344 23 22 -

Economic Profile

Governor: Mike Parson, Republican

Population: 6,113,532

GDP growth (Q4 2017): 2.1 percent

Unemployment rate (May 2018): 3.6 percent

Top corporate tax rate: 6.25 percent

Top individual income tax rate: 6 percent

Gasoline tax: 17.35 cents/gallon

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

Major private employers: Wal-Mart, The Boeing Company, Monsanto 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 14th annual America's Top States for Business ranking, scoring all 50 states on 85 measures of competitiveness across 10 broad categories.

  • Soccer Fans Gather To Watch US Team's Knockout Stage Match Against Belgium

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

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

Latest Special Reports

  • In a world of big box retail and e-commerce, successful business owners are taking new paths to Main Street success.

  • Cyber Security Concerns In The Global Wake of Hacking Threat

    Cyber Report features ongoing coverage of cyber threats, data breaches, and the the latest cybersecurity innovations from business and government working together to prevent hacking.

  • FA 100 square

    As the need for high-level financial advice grows, wealth managers handling high-net-worth clients grow more important.