Best, worst state economies of 2024: where does New York rank?

How much does it cost to live the American Dream?

Lynette Khalfani Cox, CEO of the Money Coach shares how the high cost of living is impacting families in the US.

NEW YORK - A new study from WalletHub ranked the states, including New York, that had the best economy and contributed the most to the country’s economic growth.

The analysis released Monday compared all 50 states and the District of Columbia based on their economic activity, economic health and innovation potential using 28 metrics, including change in GDP, unemployment rate and fiscal health, to determine which ones are pulling the most weight when it comes to moving the U.S. economy forward.

How does NY fare on the list?

New York ranking

Total score: 44.46
Economic activity rank: 23
Economic health rank: 42
Innovation potential rank: 22

Below is the full list of the states with the best economies in the nation right now, according to WalletHub.

Hawaii was listed as No. 50, and Mississippi came in last at No. 51 in the rankings.

The Aloha State, which relies heavily on tourism, is burdened with high state debt and a lack of growth in key economic areas, while Mississippi's struggles were attributed to its low median household income, high poverty rate and minimal entrepreneurial activity.

Where does NY, NJ rank for best states to live a long, healthy life?

A new study by Life Extension found Hawaii was the best state to live in for a long and healthy life. Here's where New York and New Jersey ranked on the list.

Here's a look at how states stacked up based on other factors, including median household income and unemployment rates.