Updated
Updated · Democrat & Chronicle · Jul 23
New York Ranks 7th in WalletHub State Economy Study With 57.58 Score
Updated
Updated · Democrat & Chronicle · Jul 23

New York Ranks 7th in WalletHub State Economy Study With 57.58 Score

1 articles · Updated · Democrat & Chronicle · Jul 23

Summary

  • New York placed seventh among all 50 states and Washington, D.C., in WalletHub’s latest economy ranking, posting an overall score of 57.58.
  • WalletHub based the list on 28 indicators across economic activity, economic health and innovation potential, using measures from GDP growth and unemployment to startup activity and high-tech jobs.
  • New York’s strongest showing was economic activity at No. 4, and it also logged the nation’s third-highest change in GDP; its weaker spots were economic health at No. 31 and innovation potential at No. 22.
  • Massachusetts, Washington and Utah led the ranking, while West Virginia finished last, underscoring how uneven state-level economic strength remains across the U.S.

Insights

New York has a top-ranked economy but poor economic health. What is the true cost of its success?
As AI powers its growth, is New York building a sustainable economy or just a high-tech bubble?