CNBC lists out the best and worst state economies

Clearwater Beach (AP Photo/Chris O'Meara) (Chris O'Meara, Copyright 2020 The Associated Press. All rights reserved.)

Among the 50 U.S. states, Florida has ranked as the best economy for its residents, according to a report by CNBC on Thursday.

In its list, CNBC said that Florida’s economy is “white hot,” with overall growth being among the strongest in the nation.

The Sunshine State placed No. 1 due to a well-balanced housing market, large GDP growth and job growth of 4.9%.

However, the report notes that Florida could be facing issues with affordability in the future as a growing population drives up demand. Similarly, Florida’s insurance markets are struggling, as well.

The rest of the list ranks as follows:

Florida

Texas

North Carolina

Georgia

Tennessee

Utah

South Carolina

Idaho

Indiana

Delaware

Meanwhile, CNBC also ranked the worst state economies, which are as follows:

Alaska

West Virginia (tied with Rhode Island)

Rhode Island (tied with West Virginia)

Mississippi

North Dakota

Louisiana

New Hampshire

Iowa (tied with Connecticut)

Connecticut (tied with Iowa)

Hawaii

Get today’s headlines in minutes with Your Florida Daily:

Copyright 2023 by WKMG ClickOrlando - All rights reserved.

About the Author:

Anthony, a graduate of the University of Florida, joined ClickOrlando.com in April 2022.