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 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.

  • Top States 2015

    CNBC unveils its 9th annual America's Top States for Business. See where your state ranks.

Latest Special Reports

  • Featuring top lawmakers, CEOs and administration officials, Capital Exchange focuses on how business and government can better collaborate to create jobs and economic growth.

  • A look at 50 private companies set to reshape the business landscape.

  • Frontline insights and unique views on key issues and challenges facing today’s CFOs.