Debt per capita:
$2,577 (17th lowest) Budget deficit:
8.2% (32nd largest) Unemployment:
5.7% (tied-10th lowest) Median household income:
$57,049 (13th highest) Pct. below poverty line:
12.8% (15th lowest)
By several measures, Utah had one of the stronger economies in the country in 2012. The state ranked fifth in exports per capita, and GDP growth was among the highest. The unemployment rate was just 5.7%, compared to a national rate of 8.1%. According to the Tax Foundation, Utah has one of the most business-friendly tax policies in the country. The state’s residents also have a relatively good quality of life. The state was among America’s safest last year, with just 205.8 violent crimes per 100,000 residents. Educational attainment was also strong, with 91% of residents over the age of 25 holding a high school diploma. The state received the top credit rating from both Standard & Poor’s and Moody’s, with the latter reasoning that Utah has responsible fiscal management and strong economic fundamentals.
(Photo: iStock) More from 24/7 Wall St.
: America's Most Dangerous States States with the Fastest Growing Economies 10 Companies That Pay Americans the Least The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.