40. Vermont

The lifestyle is idyllic, the environment pristine. But a less-than-productive workforce may be enjoying it a bit too much.

Vermont State flag painted on a tree stump
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Category
Score
2019 Rank
2018 Rank
Grade
Workforce 162 50 46 F
Economy 130 44 29 D-
Infrastructure 183 24 32 B-
Cost of Doing Business 149 36 35 C
Quality of Life 262 2 1 A-
Education 105 15 10 B
Technology & Innovation 90 27 25 C
Business Friendliness 71 34 33 D+
Access to Capital 10 45 49 F
Cost of Living 11 40 40 D-
Overall 1173 40 32 -

Economic Profile

Governor: Phil Scott, Republican

Population: 626,299

GDP growth (Q4 2018): 1.9%

Unemployment rate (May 2019): 2.1%

Top corporate tax rate: 8.5%

Top individual income tax rate: 8.75%

Gasoline tax: 30.46 cents/gallon

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

Major private employers: Fletcher Allen Health Care, Casella Waste Systems

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