Massachusetts has been recognized as the best state economy in the WalletHub 2025 report due to its substantial investments in high-tech industries and academic research. Ranking first among states across various economic performance metrics, Massachusetts scored 70.84 out of 100. Key statistics include the highest share of jobs in high-tech fields, a significant number of STEM professionals, and a high rate of invention patents per capita. Experts note that while a strong economy doesn't guarantee individual success, it greatly enhances overall financial health and opportunities for residents.
Factors like a low unemployment rate and high average income help residents purchase property, pay down debt and save for the future.
Massachusetts has the best state economy, and it invests a lot more in both industry and academic R&D than most other states, which leads to big payoffs in economic growth.
The best state economies also encourage growth by being friendly to new businesses and investing in new technology that will help the state deal with future challenges.
Massachusetts had a total score of 70.84, ranking highly in sectors such as health, innovation, and having the highest percentage of firms on the Technology Fast 500 list.
Collection
[
|
...
]