Top States for Business

36. New York

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New York Score and Ranking

CATEGORY  2022 SCORE  2022 RANK  2021 RANK  2022 GRADE 
WORKFORCE1764619D
INFRASTRUCTURE1892813C-
COST OF DOING BUSINESS1234241D+
ECONOMY1433612D
LIFE, HEALTH & INCLUSION1761918C
TECHNOLOGY & INNOVATION19629A+
BUSINESS FRIENDLINESS634449F
EDUCATION12148A
ACCESS TO CAPITAL4352A-
COST OF LIVING24949F
OVERALL12323622

Economic Profile

Governor: Kathy Hochul, Democrat

Population: 19,835,913

GDP growth (Q1 2022): -1.3%

Unemployment rate (May 2022): 4.4%

Top corporate tax rate: 7.25%

Top individual income tax rate: 10.9%

Gasoline tax: 48.22 cents/gallon

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

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

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