Publication Gives High Marks to States of the West in Most Recent Economic Rankings
The West continues to dominate the most recent rankings released by U.S. News & World Report for states with the best economies.
In the publication’s most recent listing, seven out of the top ten states for economic stability and growth are based in the West, with Utah winning the top slot at number one for its overall business environment and high employment levels, among other factors.
The listing additionally noted that Utah with an overall Gross Domestic Product of $193 billion, also enjoys a median income level of just under $32,000.
Colorado placed a close second in the rankings, and was also hailed for its high employment levels, as well as overall business environment and general growth.
As of 2021, Colorado has a Gross Domestic Product of $393 billion, and median income level of just over $38,200.
Arizona is listed in seventh place for its economy, given high marks for its growth potential and business environment, with somewhat middling marks for its current employment levels.
With a Gross Domestic Product of $370 billion, Arizona has also seen median income levels of just below $31.500.
The U.S. News & World Report ranking put New Mexico in the back of the pack, with a rating at 44 for its economy. The state was also listed near the bottom in terms of its business environment and employment levels, although somewhat higher for its growth potential.
New Mexico’s most recent Gross Domestic Product figures are just over $105 billion, while its median income is slightly above the $26,500 mark.
In a separate listing of where people are moving, the U-Haul company has just released findings putting both Arizona and Colorado in their top ten of states that people are moving to.
The company placed Arizona as the number 5 most popular state for migration in 2020, up from its 20th place in 2019; while Colorado came in at 6th, up from 42 the year before.
By Garry Boulard
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