3. North Carolina

With steady growth and a strong state balance sheet, the economy is flying high. But quality of life can be rough.

North Carolina state flag painted on a wall
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Category
Score
2019 Rank
2018 Rank
Grade
Workforce 312 7 9 A-
Economy 307 1 6 A+
Infrastructure 193 17 21 B
Cost of Doing Business 208 21 16 B+
Quality of Life 140 35 28 D
Education 98 21 37 B-
Technology & Innovation 126 9 11 A-
Business Friendliness 105 17 23 B-
Access to Capital 65 6 9 A-
Cost of Living 32 19 18 B-
Overall 1586 3 9 -

Economic Profile

Governor: Roy Cooper, Democrat

Population: 10,383,620

GDP growth (Q4 2018): 1.9%

Unemployment rate (May 2019): 4.1%

Top corporate tax rate: 2.5%

Top individual income tax rate: 5.25%

Gasoline tax: 36.45 cents/gallon

Bond rating (Moody's/S&P): Aaa, stable/AAA, stable

Major private employers: Wal-Mart, Bank of America

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

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Features

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