5 States with the Best Economy Right Now

In this article, we will discuss the 5 states with the best economy right now. If you want to read our detailed analysis, you can go directly to the 15 States with the Best Economy Right Now.

5. California

GDP Per Capita (2022): 77,339

Gross Domestic Product (2022): $3.64 Trillion

California, home to the Golden Gate Bridge, is among the top states with the best economy right now. California reported personal income worth $3.12 trillion in the second quarter of 2023, up by 4.7% from the fiscal first quarter of 2023.

4. New York

GDP Per Capita (2022): $78,089

Gross Domestic Product (2022): $2.05 Trillion

According to our methodology, New York is among the top states with the best economy right now. New York reported personal income worth $1.55 trillion in the second quarter of 2023, up by 6.1% from the fiscal first quarter of 2023.

3. New Jersey

GDP Per Capita (2022): $78,700

Gross Domestic Product (2022): $754.95 Billion

With personal income worth $746.70 billion in the second quarter of 2023, New Jersey ranks among the top states with the best economy right now. Personal income grew by 5.5% from the first quarter of 2023.

2. Massachusetts

GDP Per Capita (2022): $84,945

Gross Domestic Product (2022): $691.46 Billion

Massachusetts is one of the top states with the best economy right now. Massachusetts reported personal income worth $615.86 billion in the second quarter of 2023, up by 5.6% from the fiscal first quarter of 2023.

1. Connecticut

GDP Per Capita (2022): $84,972

Gross Domestic Product (2022): $319.35 Billion

According to our methodology, Connecticut is among the top states with the best economy right now. For the fiscal year 2022, Connecticut posted a GDP per capita of almost $85,000. Connecticut also reported personal income worth $314.87 billion in the second quarter of 2023, up by 3.7% from the fiscal first quarter of 2023.

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