27. New York

Capital is plentiful; innovation abounds; schools are great. But when it comes to costs, it ranks low on the list.

US State New York Flag Wooden Fence
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Category
Score
2019 Rank
2018 Rank
Grade
Workforce 236 29 32 C-
Economy 242 14 23 B+
Infrastructure 144 44 44 D+
Cost of Doing Business 101 42 42 D
Quality of Life 208 13 14 B-
Education 119 7 3 A-
Technology & Innovation 132 4 4 A
Business Friendliness 29 49 48 F
Access to Capital 72 2 2 A+
Cost of Living 3 48 47 F
Overall 1286 27 27 -

Economic Profile

Governor: Andrew Cuomo, Democrat

Population: 19,542,209

GDP growth (Q4 2018): 0.2%

Unemployment rate (May 2019): 4%

Top corporate tax rate: 6.5%

Top individual income tax rate: 8.82%

Gasoline tax: 45.35 cents/gallon

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

Major private employers: Consolidated Edison, JPMorgan Chase

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