48. Mississippi

Cost of living is the lowest in the nation. But with a weak economy and poor schools, you get what you pay for

Flag of the State of Mississippi
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Category
Score
2019 Rank
2018 Rank
Grade
Workforce 192 42 41 F
Economy 67 50 49 F
Infrastructure 158 38 41 C-
Cost of Doing Business 239 6 22 A
Quality of Life 114 42 42 F
Education 57 44 43 F
Technology & Innovation 42 48 46 F
Business Friendliness 33 47 45 F
Access to Capital 15 42 43 F
Cost of Living 50 1 1 A+
Overall 967 48 49 -

Economic Profile

Governor: Phil Bryant, Republican

Population: 2,986,530

GDP growth (Q4 2018): 0.5%

Unemployment rate (May 2019): 5%

Top corporate tax rate: 5%

Top individual income tax rate: 5%

Gasoline tax: 18.79 cents/gallon

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

Major private employers: Nissan North America, EastGroup Properties

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