Which state is the healthiest financially?

Asked by: Prof. Katelynn Emard  |  Last update: December 31, 2023
Score: 4.8/5 (32 votes)

  • Utah. #1 in Fiscal Stability. #1 in Best States Overall. ...
  • Idaho. #2 in Fiscal Stability. #3 in Best States Overall. ...
  • South Dakota. #3 in Fiscal Stability. ...
  • Washington. #4 in Fiscal Stability. ...
  • Tennessee. #5 in Fiscal Stability. ...
  • North Dakota. #6 in Fiscal Stability. ...
  • Wisconsin. #7 in Fiscal Stability. ...
  • Iowa. #8 in Fiscal Stability.

What state is the most financially secure?

Top 10 Most Financially Secure States in America: New York has been named the most financially stable state in America, new research has revealed, after examining multiple factors relating to the personal finances of residents living in each state.

Which state has the best financial outlook?

  • Utah. #1 in Economy. #1 in Best States Overall. ...
  • Idaho. #2 in Economy. #3 in Best States Overall. ...
  • Colorado. #3 in Economy. #15 in Best States Overall. ...
  • New Hampshire. #4 in Economy. #6 in Best States Overall. ...
  • Arizona. #5 in Economy. #37 in Best States Overall. ...
  • Montana. #6 in Economy. ...
  • Florida. #7 in Economy. ...
  • Texas. #8 in Economy.

Which states do not have a balanced budget?

Every U.S. state other than Vermont has some form of balanced budget provision that applies to its operating budget. The precise form of this provision varies from state to state.

What states are financially in trouble?

Worst 10 State Finances
  • 3 Illinois.
  • 4 Massachusetts. ...
  • 5 Hawaii. ...
  • 6 Delaware. ...
  • 7 Kentucky. ...
  • 8 Vermont. Whether you are keeping it weird in Burlington or searching for Champ in Lake Champlain, Vermont has a lull to it that brings in many people. ...
  • 9 California. Bear Flag State. ...
  • 10 New York. New York. ...

TOP 10 STATES TO SURVIVE A RECESSION (finances)

29 related questions found

Which states are debt free?

Among the states with the least debt are Wyoming, Vermont, Idaho, Montana, South Dakota, Delaware, Alaska, Maine, New Hampshire, and North Dakota. Wyoming claims the top spot with the lowest debt, standing at $2 billion.

What state is ranked #1 in economy?

Overall, in the calendar year 2022, the United States' Nominal GDP at Current Prices totaled at $25.463 Trillion, as compared to $23.315 Trillion in 2021. The three U.S. states with the highest GDPs were California ($3.6 Trillion), Texas ($2.356 Trillion), and New York ($2.053 Trillion).

What state has the most economic growth?

Idaho saw the greatest GDP growth of 4.9% after an impressive GDP growth of 5.8% in 2020-2021. Tennessee also had two years of GDP growth: 8.6% in 2020-2021 and 4.3% in 2021-2022. Florida is the only other state that saw GDP growth of at least 4%. Most states had GDP growth between 1% and 4%.

What is the biggest financial city in the US?

New York City.

New York City remains the largest centre for trading in public equity and debt capital markets, driven in part by the size and financial development of the U.S. economy.

Which state is in the most debt in US?

U.S. state and local government outstanding debt 2020, by state. In 2020, the federal state of California had about 519.54 billion U.S. dollars of debt outstanding, the most out of any state. New York, Texas, Illinois, and Florida rounded out the top five states with the most debt outstanding in 2020.

What state brings in the most money?

U.S. state government tax revenue FY 2022, by state

In the fiscal year of 2022, the state of California collected a total of 280.83 billion U.S. dollars in tax revenue, the highest of any state.

Where is the safest place to protect your money?

What are the safest types of investments? U.S. Treasury securities, money market mutual funds and high-yield savings accounts are considered by most experts to be the safest types of investments available.

What state has the best quality of life?

Washington. Washington state has the highest quality of life in all 50 states. The state has no income tax, a thriving job market, and great international business opportunities.

Which is the best state to live in?

Overall Rankings
  • #1. Utah.
  • #2. Washington.
  • #3. Idaho.
  • #4. Nebraska.
  • #5. Minnesota.

Which state has the best average income?

Massachusetts is the state with the highest annual income of $72,940. This salary is significantly more than the national average salary of $60,575.

What place has the strongest economy?

According to the latest available data from the World Bank, the United States of America is currently the world's largest economy, with a GDP of over $23 trillion in 2021.

What U.S. city has the fastest growing economy?

Top 10 fastest-growing U.S. cities in 2022
  • San Francisco Bay Area.
  • Austin, Texas.
  • Seattle.
  • Raleigh and Durham, North Carolina.
  • Dallas.
  • Denver.
  • Salt Lake City.
  • Charlotte, North Carolina.

What states are projected to grow the most?

The ten fastest growing states are Utah, Idaho, Texas, North Dakota, Nevada, Colorado, Washington, Florida, Arizona, and South Carolina. Utah is the fastest growing state with a population growth rate of 15%. Idaho is the second fastest growing state with a population growth rate of 14%.

Which US cities have the best economy?

Large U.S. Metros With the Biggest Economies
  1. San Jose-Sunnyvale-Santa Clara, CA.
  2. San Francisco-Oakland-Berkeley, CA. ...
  3. Seattle-Tacoma-Bellevue, WA. ...
  4. Boston-Cambridge-Newton, MA-NH. ...
  5. New York-Newark-Jersey City, NY-NJ-PA. ...
  6. Washington-Arlington-Alexandria, DC-VA-MD-WV. ...
  7. Salt Lake City, UT. ...
  8. Hartford-East Hartford-Middletown, CT. ...

What is the future state of the US economy?

Growth of real GDP is now projected to average 2.5 percent a year over the 2024–2026 period, compared with the 1.5 percent a year projected last spring. CBO's projection of nominal GDP growth in 2023, 3.1 percent, is also lower than its previous forecast, 4.5 percent.

Which economy is doing the best?

  • Switzerland. #1 in Economically stable. #1 in Best Countries Overall. ...
  • Germany. #2 in Economically stable. ...
  • Canada. #3 in Economically stable. ...
  • Netherlands. #4 in Economically stable. ...
  • United Kingdom. #5 in Economically stable. ...
  • Australia. #6 in Economically stable. ...
  • Japan. #7 in Economically stable. ...
  • Sweden. #8 in Economically stable.

Who owns most of the US debt?

Top 10 territories that own the most U.S. debt

In total, other territories hold about $7.4 trillion in U.S. debt. Japan owns the most at $1.1 trillion, followed by China, with $859 billion, and the United Kingdom at $668 billion.

Which 5 states have highest debt?

In its June 2022 report, the RBI had flagged the high debt to GDP ratio of a few states for 2021-22. Punjab, Rajasthan, Kerala, West Bengal, Bihar, Andhra Pradesh, Jharkhand, Madhya Pradesh, Uttar Pradesh and Haryana had the highest debt.

Which state has the least debt per person?

Here are the 10 states with the least state debt per capita
  • Nevada.
  • Georgia.
  • Florida.
  • Wyoming.
  • North Carolina.
  • Arkansas.
  • Texas.
  • Alabama.