27. New York

Great education and an improving economy are helping the Empire State, but cost of living is high.

The Wall Street bull in New York. 
Doug Armand | Getty Images
The Wall Street bull in New York. 
Category
Score
2018 Rank
2017 Rank
Grade
Workforce 224 32 39 (Tie) C+
Infrastructure 158 44 45 D
Cost of Doing Business 110 42 47 D
Economy 156 23 33 C+
Quality of Life 202 14 19 B-
Technology & Innovation 172 4 8 A+
Education 149 3 5 (Tie) A
Business Friendliness 24 48 45 (Tie) F
Access to Capital 97 2 2 A+
Cost of Living 4 47 49 F
Overall 1296 27 38 -

Economic Profile

Governor: Andrew Cuomo, Democrat

Population: 19,849,399

GDP growth (Q4 2017): 0.0 percent

Unemployment rate (May 2018): 4.5 percent

Top corporate tax rate: 6.5 percent

Top individual income tax rate: 8.82 percent

Gasoline tax: 44.69 cents/gallon

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

Major private employers: Consolidated Edison, JPMorgan Chase

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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