America's Top States for Business 2025: The full rankings
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CNBC unveils its 19th annual America's Top States for Business ranking, scoring all 50 states on 128 different metrics in 10 key categories of competitiveness.
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personal finance
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July 10, 2025
03:05 PM
CNBC
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CNBC’s annual study once again puts all 50 states to the test, measuring them on 135 different metrics, the most-ever, in 10 key of competitiveness
AlaskaTo rank America's Top States for in 2025, CNBC scored all 50 states on 135 metrics in 10 broad of competitiveness
The fundamentals of the study, now in its 19th year, are the same as they have always been, identifying the factors companies consider year after year when making site selection decisions, and that states pitch in their efforts to woo
Each category is weighted based on how frequently states use them as a selling point in economic development marketing materials, with Economy No. 1 this year
New in 2025, we have added metrics to gauge the states' risks from a trade war and a shrinking federal budget
We have also enhanced some of our Infrastructure metrics to determine how the states are dering on companies' power and data demands
We developed our criteria and metrics in consultation with a diverse array of and policy experts, and the states
Our study is not an opinion survey
We use data from a variety of sources to measure the states' performance
Under our methodology, states can earn a maximum of 2,500 points
The states with the most points are America's Top States for
America's Top States for 2025OVERALL STATE ECONOMY INFRA- STRUCTURE WORKFORCE COST OF DOING FRIENDLINESS QUALITY OF LIFE NOLOGY & INNOVATION EDUCATION ACCESS TO CAPITAL COST OF LIVING 1 North Carolina3114214291368232 Texas2261517492242393 Florida116222232212293484 Virginia1421431788110215 Ohio2613122517627776 Michigan1815134141417411397 Georgia943181745221516308 Tennessee2191010350241828189 Indiana196333548174622210 Minnesota28530342141412183311 Colorado21117382212931124712 Arizona13363217392047253913 Illinois448191938236353414 Washington6265484114433143915 Nebraska19301715883229412416 Utah8992810462744203117 Pennsylvania16173725402391291218 South Carolina1021122828392114301619 Alabama232816191344221640620 Massachusetts153523494284254321 Wisconsin2818271332382635201222 California12252040483213115023 New York57444550183834524 Iowa391941112416293837925 Kentucky343625916333126352025 North Dakota4337461717372537427 Idaho738382510192549502628 Connecticut3833844355195163729 Delaware43111414327304519930 New Jersey31211438493167113731 Wyoming114235271229441636732 Maryland262321463727911144333 Kansas4820341483734822234 Missouri3723486293928826435 South Dakota363147162294935281636 New Hampshire23472637611443442637 Oklahoma323442120424243331838 Vermont354040352514220442539 Oregon4114234347191435244540 West Virginia424343241525441841141 Arkansas3041361131434140261242 Nevada1713183633364950303443 Maine335038304523622332144 New Mexico4629312339333538462645 Mississippi494449734214020411246 Louisiana474644735463822323946 Rhode Island4539214646133333373648 Montana2345503229353827463149 Hawaii394829504464842484950 Alaska50492841272547484926North Carolina is America's Top State for in 2025, led by a strong workforce and economy Scott CohnMassachusetts is 2025’s Most Imved State for boosted by financial independence from D
Scott CohnAlaska is America's worst state for in 2025 as falling oil prices sink economy Scott CohnRead More.
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