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.
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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
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