17. North Dakota

Quality of life here is grand, but access to capital is plenty tough.

Wooden North Dakota flag
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Category
Score
2019 Rank
2018 Rank
Grade
Workforce 242 24 30 C-
Economy 202 31 44 C+
Infrastructure 187 21 14 B-
Cost of Doing Business 198 25 29 B
Quality of Life 235 4 4 B+
Education 112 9 23 B+
Technology & Innovation 51 42 42 F
Business Friendliness 139 5 6 A-
Access to Capital 9 47 46 F
Cost of Living 22 29 29 C-
Overall 1397 17 29 -

Economic Profile

Governor: Doug Burgum, Republican

Population: 760,077

GDP growth (Q4 2018): 3.5%

Unemployment rate (May 2019): 2.3%

Top corporate tax rate: 4.31%

Top individual income tax rate: 2.90%

Gasoline tax: 23 cents/gallon

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

Major private employers: Sanford-Health, MDU Resources Group

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