20. Arizona

It is no longer just retirees flocking to this state. Skilled workers are coming in droves, ready to be hired.

flag of Arizona painted on wooden frame
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Category
Score
2019 Rank
2018 Rank
Grade
Workforce 328 2 8 A
Economy 247 12 10 B+
Infrastructure 200 13 16 B+
Cost of Doing Business 118 41 39 D+
Quality of Life 132 37 36 D
Education 50 47 48 F
Technology & Innovation 93 23 23 C+
Business Friendliness 127 9 11 B+
Access to Capital 51 18 20 B
Cost of Living 27 24 20 C+
Overall 1373 20 20 -

Economic Profile

Governor: Doug Ducey, Republican

Population: 7,171,646

GDP growth (Q4 2018): 3.5%

Unemployment rate (May 2019): 4.9 %

Top corporate tax rate: 4.9%

Top individual income tax rate: 4.54%

Gasoline tax: 19 cents/gallon

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

Major private employers: Banner Health, Southern Copper Corp.

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