Best States for Business 2019

New Hampshire

the place image

New Hampshire

gross state product
$89B
population
1.4M
median household income
$76,249
cost of doing business
10% above nat'l avg
college attainment
36.9%
net migration
6,200 (year: 2018)
unemployment
2.5%
moody`s bond rating
Aa1
governor
Chris Sununu
As of December 2019
Gains in all six of our main categories made New Hampshire one of the biggest gainers on our latest Best States ranking. Like the rest of the northeast, New Hampshire suffers from high labor and energy costs. One advantage the state has over its neighbors, however, is on the corporate tax front, with Moody’s Analytics' figures placing New Hampshire 23% below the national average. The Granite State also has the lowest poverty rate in the U.S. and its unemployment rate has averaged 2.8% over the past five years—second best in
the country.
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On forbes lists
#41
In Business Costs
#8
In Labor Supply
#32
In Regulatory Environment
#21
In Economic Climate
#22
In Growth Prospects
#22
In Quality of Life
By The Numbers
EmploymentHousingEducationQuality of Life
Job Growth
1.5% (year: 2018)
Projected Annual Job Growth
0.7%
Unemployment
2.5%
Median Household Income
$76,249
Household Income Growth
3.5%
Right to Work State
no
Union Workforce
10.2%
  • Sources: Moody's Analytics; U.S. Census; ATTOM Data Solutions; FBI; BLS; Forbes.
  • a. Index measures whether a family earning the median income can afford the median-priced home. A value of 120 indicates a typical household has 20% more income than needed for the typical home.
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