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New Jersey Plummets to 30th in Business Rankings

7/12/2025

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Summary

Story summary

New Jersey dropped to 30th in CNBC's 2025 top states for business, down from 19th in 2024.
The state received an F for "business friendliness" and a D+ for both "cost of living" and "cost of doing business."
A comfortable living in NJ requires $108,992, making it the sixth most expensive state.
New Jersey excels in "quality of life" and education rankings.
North Carolina, Texas, and Florida lead the list, while Alaska and Hawaii are at the bottom.

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Story summary

New Jersey dropped to 30th in CNBC's 2025 top states for business, down from 19th in 2024.
The state received an F for "business friendliness" and a D+ for both "cost of living" and "cost of doing business."
A comfortable living in NJ requires $108,992, making it the sixth most expensive state.
New Jersey excels in "quality of life" and education rankings.
North Carolina, Texas, and Florida lead the list, while Alaska and Hawaii are at the bottom.