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How are we doing? Minnesota near top of 'best economy' states

Thursday, October 18, 2018

A ranking of state economies using metrics like poverty rate, home ownership, job growth and education puts Minnesota ahead of California (and, more important, Wisconsin). 

USA Today reports on the listing, compiled by financial site 24/7 Wall Street. Minnesota comes in No. 7 overall, just behind Hawaii.

The state scored points for its low unemployment rate (3.1 percent at the time of the survey), GDP annual growth rate of 1.7 percent (the 14th best in the list) and an especially high home ownership rate of 71.3 percent.

The top-ranked states overall were Colorado, Utah and Massachusetts. Louisiana, Alaska and West Virginia came in last.

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City of Elk River Economic Development
13065 Orono Parkway | Elk River, MN  55330
phone 763.635.1000