32. Vermont

You will find peak quality of life in the Green Mountain State, but raising business capital is a concern.

Maple Syrup for sale in Woodstock, Vermont.
Michele Falzone | Getty Images
Maple Syrup for sale in Woodstock, Vermont.
2018 Rank
2017 Rank
Workforce 169 46 45 D+
Infrastructure 193 32 29 C
Cost of Doing Business 157 35 41 C
Economy 143 29 37 C
Quality of Life 268 1 2 A+
Technology & Innovation 119 25 29 C+
Education 136 10 7 B+
Business Friendliness 68 33 30 C-
Access to Capital 6 49 46 F
Cost of Living 11 40 43 D-
Overall 1270 32 35 -

Economic Profile

Governor: Phil Scott, Republican

Population: 623,657

GDP growth (Q4 2017): 2.3 percent

Unemployment rate (May 2018): 2.8 percent

Top corporate tax rate: 8.5 percent

Top individual income tax rate: 8.95 percent

Gasoline tax: 30.80 cents/gallon

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

Major private employers: Fletcher Allen Health Care, Casella Waste Systems

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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