Study Ranks Wyoming as 40th Best Economy in Nation

A survey by the financial website Wallethub says Wyoming only has the 40th best economy among the 50 states and the District of Columbia.

You can see the survey here. The survey ranked states in three different categories: economic activity, economic health, and innovation potential.

The survey ranked Wyoming 39th for economic activity, 22nd for economic health, and 38th for innovation potential. Wallethub explained it's methodology in evaluating those categories:

We evaluated those dimensions using 28 relevant metrics, which are listed below with their corresponding weights. Each metric was graded on a 100-point scale, with a score of 100 representing the highest economic performance.

We then determined each state and the District’s weighted average across all metrics to calculate its overall score and used the resulting scores to rank-order our sample.

Here are the rankings of state economies according to the survey:

State Economy Rankings

Overall Rank	State	Total Score	Economic Activity	Economic Health	Innovation Potential
1	Washington	68.13	2	14	2
2	Utah	65.04	1	1	10
3	Massachusetts	64.89	13	36	1
4	Colorado	62.89	4	7	6
5	California	61.04	8	42	3
6	Idaho	58.92	14	2	14
7	North Carolina	58.17	16	4	11
8	District of Columbia	56.60	3	19	13
9	Texas	55.94	10	6	23
10	Arizona	55.40	11	11	20
11	Georgia	54.30	7	12	25
12	Oregon	54.05	17	35	7
13	Florida	53.60	15	3	32
14	Delaware	52.90	12	25	18
15	Tennessee	51.83	6	9	37
16	Virginia	49.76	20	8	24
17	New Jersey	49.44	18	38	12
18	New York	49.35	9	45	21
19	Maryland	47.63	32	39	4
20	Michigan	47.56	26	37	8
21	Nevada	47.49	5	23	44
22	Minnesota	47.35	24	17	16
23	New Hampshire	46.64	44	16	5
24	Connecticut	46.23	36	32	9
25	Montana	44.45	23	10	34
26	Wisconsin	43.73	33	26	17
27	Indiana	43.17	28	18	28
28	Pennsylvania	42.53	29	40	19
29	Kansas	42.32	25	24	31
30	Vermont	42.25	34	30	22
31	Alabama	42.03	22	20	35
32	Illinois	41.94	19	49	26
33	South Carolina	41.21	21	21	40
34	Missouri	40.18	37	27	29
35	Nebraska	40.17	35	13	36
36	New Mexico	38.07	40	48	15
37	Ohio	37.59	30	46	33
38	Rhode Island	36.87	42	33	30
39	Iowa	36.76	45	29	27
40	Wyoming	36.74	39	22	38
41	Arkansas	35.49	31	28	47
42	Maine	35.36	38	31	43
43	South Dakota	35.29	43	5	50
44	North Dakota	35.25	47	15	42
45	Kentucky	34.17	27	43	46
46	Oklahoma	31.89	49	34	39
47	Hawaii	28.76	46	41	48
48	Mississippi	28.67	41	50	45
49	Alaska	28.48	51	44	41
50	Louisiana	25.04	50	51	49
51	West Virginia	24.12	48	47	51

Note: With the exception of “Total Score,” all of the columns in the table above depict the relative rank of that state, where a rank of 1 represents the best conditions for that metric category.

Source: WalletHub

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