Public Policy Institute of New York State, Inc.

Just the Facts - Key Economic and Social Indicators for New York State

Relative Cost of Doing Business, 1998

Table 33
Rank State Amt.   Rank State Amt.
1 New Jersey 114.9   27 Georgia 94.1
2 Massachusetts 114.7   28 Indiana 93.9
3 Connecticut 112.9   29 Missouri 93.9
4 Hawaii 112.9   30 Alabama 93.4
5 NEW YORK 111.0   31 Kansas 93.3
6 Michigan 107.6   32 Utah 93.3
7 California 107.3   33 West Virginia 93.0
8 Maine 106.3   34 North Dakota 92.7
9 Vermont 105.8   35 Nevada 92.3
10 Pennsylvania 102.3   36 Louisiana 91.7
11 New Hampshire 101.7   37 Oregon 91.0
12 Illinois 101.5   38 Texas 90.8
13 Arizona 100.2   39 Delaware 90.3
14 Minnesota 100.1   40 Mississippi 88.9
15 Rhode Island 99.1   41 Arkansas 88.1
16 Florida 99.0   42 Montana 88.1
17 Alaska 98.9   43 Kentucky 88.0
18 Colorado 98.9   44 Idaho 85.9
19 Maryland 98.4   45 Oklahoma 85.5
20 Washington 98.4   46 New Mexico 85.1
21 Wisconsin 98.3   47 Iowa 84.3
22 Ohio 97.7   48 Nebraska 82.9
23 Tennessee 95.2   49 Wyoming 78.0
24 North Carolina 95.0   50 South Dakota 74.9
25 South Carolina 94.5   U.S. average 100.0
26 Virginia 94.3   N.Y.S. % above avg. 11.0%
Source: Dismal Sciences/RFA, Inc.
http://www.economy.com/research/
Relative business costs include unit labor costs, energy costs and tax burdens; New York is above average in all three factors.