9. Colorado

Well-educated workers come here to enjoy a great lifestyle in a beautiful place. But costs are high.

Colorado State flag is painted on a wooden surface
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Category
Score
2019 Rank
2018 Rank
Grade
Workforce 302 8 5 B+
Economy 225 21 8 B
Infrastructure 162 35 29 C-
Cost of Doing Business 145 37 37 C
Quality of Life 221 7 9 B
Education 103 17 11 B-
Technology & Innovation 127 7 7 A-
Business Friendliness 124 11 17 B+
Access to Capital 60 11 11 A-
Cost of Living 17 34 34 D+
Overall 1486 9 5 -

Economic Profile

Governor: Jared Polis, Democrat

Population: 5,695,564

GDP growth (Q4 2018): 3.8%

Unemployment rate (May 2019): 3.2%

Top corporate tax rate: 4.63%

Top individual income tax rate: 4.63%

Gasoline tax: 22 cents/gallon

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

Major private employers: Wal-Mart, Centura Health, Dish Network 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