Could you name the best states for economic growth in America? New data compiled by GOBankingRates might surprise you as to which states have been the best and worst for economic growth over the last few years.
To determine this ranking, GOBankingRates analyzed the most recent publicly available data (2021-23) for each state's change in population, household median income, labor force participation rate, unemployment rate and poverty rate. Using each data point, the change in units and percent was calculated. The average total monthly and annual cost of living was also calculated using the average mortgage and average expenditure costs.
Keep reading to see where your state ranks within the nation's economic growth.