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NEW YORK IS DEAD LAST IN BUSINESS FRIENDLINESS, TAX COMPETITIVENESS, AND POPULATION RETENTION; A STATE IN STRUCTURAL DECLINE
- New York ranks 50th (dead last) for business friendliness in the United States
- New York ranks 49th in CEO surveys of best states for business
- New York ranks 50th overall in state tax competitiveness
- New York ranks 50th for individual income tax competitiveness
- New York ranks 47th for property tax competitiveness
- New York is the 2nd most regulated state in the country with over 300,000 regulatory restrictions
- New York files more legislation than any state in the U.S., roughly five times the national average
- New York ranks 4th highest for tort costs as a share of state GDP
- New York ranks 50th in net domestic migration, losing more residents than any other state
- New York ranks 50th in net migration income per capita, losing higher-income taxpayers fastest
- New York ranks 49th in projected growth of prime working-age population
- New York has lost nearly 10% of its prime working-age workforce since 2005
- New York is the 47th fastest-growing state over the past two decades
- New York ranks 47th for housing-burdened households, with nearly 40% of residents spending over 30% of income on housing
- New York is a top-10 most expensive state for housing
- New York ranks 48th for workers’ compensation insurance costs
- New York employers pay among the highest health insurance premiums in the nation
- New York is the only state with a Scaffold Law that inflates construction insurance costs by 10% or more
- New York ranks 50th (worst) for average commute time in the United States
- New York ranks 42nd for bridges in poor condition
- New York ranks 44th in energy production per capita
- New York ranks 43rd–45th for residential and commercial electricity costs
- New York ranks 44th in overall state economic performance
- New York’s job growth over the past decade is far below the national average and a fraction of Florida and Texas
Source: Blueprint for New York – Creating a Roadmap for Change (Public Policy Institute of New York, September 2025)
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