Colorado has one of top economies in United States

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Posted: Jun 6, 2022 / 09:27 AM MDT

Updated: Jun 6, 2022 / 09:27 AM MDT

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DENVER (KDVR) — Gas prices are at an all-time high across the country, including right here in Colorado. However, when it comes to the economy, our state has one of the best in the country.

A new study by Wallet Hub showed that Colorado ranks sixth for having one of the top economies in the United States.

Wallet Hub compared every state by using 28 different factors for economic performance and strength.

The 28 key factors were divided into three categories: economic activity, economic health, and innovation potential.

Based on the three categories, Colorado ranked 13th for economic activity, sixth for economic health, and ninth for innovation potential.

Rankings

Overall Rank	State	Total Score	Economic Activity	Economic Health	Innovation Potential
1	Washington	73.83	3	7	2
2	Utah	71.33	2	1	10
3	California	70.30	1	31	3
4	Massachusetts	67.28	6	35	1
5	New Hampshire	58.86	18	13	4
6	Colorado	58.84	13	6	9
7	North Carolina	56.83	14	12	11
8	Georgia	56.54	5	15	24
9	Oregon	55.86	15	23	7
10	District of Columbia	54.74	9	14	13
11	Tennessee	54.61	4	5	38
12	Texas	54.16	8	9	23
13	Idaho	53.57	22	2	16
14	Florida	52.68	10	3	33
15	Michigan	52.57	16	40	5
16	Maryland	50.65	25	36	6
17	Arizona	50.64	17	19	20
18	Montana	49.61	12	10	34
19	Minnesota	49.04	23	18	17
20	Virginia	47.15	27	16	22
21	New York	47.12	11	50	21
22	Indiana	46.44	21	20	30
23	New Jersey	46.24	19	51	12
24	Iowa	46.12	24	21	26
25	Connecticut	45.10	38	43	8
26	Nevada	44.77	7	32	44
27	Wisconsin	44.25	43	17	18
28	Delaware	43.68	34	29	15
29	Nebraska	43.60	29	8	36
30	South Carolina	42.36	20	27	39
31	Missouri	41.38	33	28	28
32	Illinois	41.13	26	41	29
33	Pennsylvania	40.48	31	48	19
34	Alabama	40.24	32	25	35
35	Kansas	39.78	40	26	31
36	Rhode Island	39.19	37	39	27
37	South Dakota	38.70	42	4	47
38	North Dakota	38.41	46	11	37
39	Ohio	38.09	30	46	32
40	New Mexico	38.07	44	49	14
41	Vermont	37.99	48	30	25
42	Kentucky	36.03	28	37	46
43	Arkansas	35.88	35	22	45
44	Maine	35.37	36	34	42
45	Wyoming	34.38	39	24	49
46	Mississippi	32.19	41	47	43
47	Oklahoma	31.32	50	38	40
48	Hawaii	30.59	47	33	50
49	Louisiana	29.39	45	44	48
50	Alaska	27.61	51	45	41
51	West Virginia	26.10	49	42	51