Here's How We Ranked The States' Economies

Hot Air BalloonsReuters/Eduardo MunozBalloons fly during the 32nd annual QuickChek New Jersey Festival of Ballooning in Readington, New Jersey July 25, 2014

For our ranking of the economies of all 50 states, we wanted to capture recent economic movement in a number of areas, like employment, consumption, housing, and overall growth. To do that, we chose eight indicators, ranked each state on those indicators from best to worst, and then averaged each state’s rankings to get a final composite index.

Here are the metrics we used:

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.