24. Michigan

The state's auto industry is an engine for technology and innovation, but underfunded schools are affecting student progress.

Michigan state flag painted on a wall
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Category
Score
2019 Rank
2018 Rank
Grade
Workforce 244 23 10 C-
Economy 213 24 16 B-
Infrastructure 164 33 18 C
Cost of Doing Business 193 27 19 B
Quality of Life 155 31 33 D+
Education 63 43 28 D-
Technology & Innovation 129 6 3 A
Business Friendliness 98 22 25 C+
Access to Capital 53 16 15 B
Cost of Living 46 5 4 A
Overall 1358 24 11 -

Economic Profile

Governor: Gretchen Whitmer, Democrat

Population: 9,995,915

GDP growth (Q4 2018): 2.4%

Unemployment rate (May 2019): 4.2%

Top corporate tax rate: 6%

Top individual income tax rate: 4.25%

Gasoline tax: 42.86 cents/gallon

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

Major private employers: Ford Motor Co., The Dow Chemical Company

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

Best | Worst

  • HOUSTON, TX - MARCH 26: United States fans celebrate with a USA banner in game action during a friendly International match between Chile and the United States on March 26, 2019 at BBVA Compass Stadium in Houston, TX. (Photo by Robin Alam/Icon Sportswire via Getty Images)

    The war between the states for business and jobs has never been more intense, with states paying staggering amounts of taxpayer dollars to woo companies. Here is the ranking of America's Top States for Business in 2019, released by CNBC today.

  • Railroad tracks leading into the historic train depot in Santa Fe, New Mexico.

    By the numbers, these are America's worst states for business, according to a 2019 CNBC ranking released today. They received low marks for the quality of their workforce, business-friendliness, education and economic growth.

  • Parents hold baby's hands.  Happy family in park evening

    Analyzing the data from the CNBC America's Top States for Business study, we reveal the 10 states that get the highest marks for low crime, inclusiveness, a strong health system and a healthy environment.

Features

Top States Past Year Rankings

  • CNBC unveils its 12th annual America's Top States for Business study. See where your state ranks in 2018.

  • CNBC unveils its 11th annual America's Top States for Business ranking for 2017, scoring all 50 states on 10 key measures of competitiveness.

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    CNBC unveils its 10th annual America's Top States for Business ranking, scoring all 50 states on 10 key measures of competitiveness.