July 19, 2023

Florida is America’s Best Economy for Residents

Construction workers in Miami, Florida

The Sunshine State’s economy is white hot. Overall growth is among the strongest in the nation, with the job market to match as workers flood into the state. Florida’s housing market, which is notoriously prone to booms and busts, is well-balanced for the time being. Price appreciation is the fastest in the nation at around 15%, while construction activity is strong, and foreclosures are minimal.

To determine which states have the best economy, CNBC looked at overall economic growth and annual job growth on a percentage basis, as well as the health of state finances.