Georgia Has the No. 4 Best Economy in the U.S.
When looking across America, every state has a different economy. If you live in Georgia, the good news is that Georgia has the No. 3 best economy in America, according to a new study.
The research comes from CNBC.com. As for methodology, CNBC states, “To determine which states have the best economy, we look at overall economic growth and annual job growth on a percentage basis, as well as the health of state finances. We also look at the overall health of the housing market.” They also measure the breadth of each state’s economy by studying how many major corporations are headquartered there. Also, they looked at the entrepreneurial economy based on new business formations.
In total, CNBC named 10 strong economies. No. 5 was Tennessee, followed by Georgia at No. 4, North Carolina at No. 3 and Texas at No. 2. Florida took the stop spot. As for regional trends, the Southeast was tops across America for economic strength this year. Also, it was interesting to me that Indiana was the only “Midwest” state on the list.
Here’s Why Georgia Has the No. 4 Best Economy in America
So, why does Georgia have the best economy in America? According to the report, “The home of household names such as Home Depot, Delta Airlines and Coca-Cola, the Peach State offers a diverse and dynamic economy.” They add that, “Georgia’s state finances are solid, and home prices are appreciating by about 11% a year despite plenty of new construction.” As a down note, they do mention that “foreclosure activity is starting to tick up.” But, overall, Georgia is doing very well. As for Florida being No. 1, they state, “Overall growth is among the strongest in the nation, with the job market to match as workers flood into the state.” Find the full study on the best economies in America in this spot.
