49. Hawaii

It's no wonder this state is known as the Paradise of the Pacific, but everyday life—and business—can be outrageously expensive.

Hawaii Flag painted on old wood plank texture
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Category
Score
2019 Rank
2018 Rank
Grade
Workforce 182 46 48 F
Economy 93 47 33 F
Infrastructure 107 49 40 F
Cost of Doing Business 50 49 49 F
Quality of Life 297 1 2 A+
Education 93 26 31 C+
Technology & Innovation 53 40 42 F
Business Friendliness 51 42 43 D-
Access to Capital 14 44 42 F
Cost of Living 1 50 50 F
Overall 941 49 47 -

Economic Profile

Governor: David Ige, Democrat

Population: 1,420,491

GDP growth (Q4 2018): 1.1%

Unemployment rate (May 2019): 2.8%

Top corporate tax rate: 6.4%

Top individual income tax rate: 11%

Gasoline tax: 46.76 cents/gallon

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

Major private employers: Bank of Hawaii, Corp., Hawaiian Electric Industries Inc.

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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