Mass. has one of the best state economic system within the nation

The Commonwealth’s key drivers of financial efficiency are funding in high-tech industries and educational analysis.

View of Boston from MIT in Cambridge throughout the Charles River. (Suzanne Kreiter/Globe workers)

Massachusetts aced a brand new WalletHub report on state financial well being, taking the primary spot within the lineup.

“Massachusetts has one of the best state economic system, and it invests much more in each trade and educational R&D than most different states, which results in huge payoffs in financial development,” Chip Lupo, a WalletHub Analyst, mentioned in WalletHub’s report on 2025’s Finest & Worst State Economies.

To find out one of the best state economies, WalletHub in contrast the 50 states (together with Washington D.C.) throughout 28 key metrics of financial efficiency and energy. The information set ranges from GDP development to startup exercise to the share of jobs in high-tech industries.

Every metric was graded on a 100-point scale, with a rating of 100 representing the very best financial efficiency. Massachusetts had a complete rating of 70.84.

Throughout sectors of financial exercise, well being and innovation, the Commonwealth ranked extremely: it has the very best share of jobs in high-tech industries, the third-highest share of STEM professionals, and the second-most invention patents per capita.

As well as, Massachusetts has the very best proportion of companies listed on the Know-how Quick 500 checklist.

Consultants informed the non-public finance web site that whereas a powerful state economic system doesn’t assure success for its residents, it makes monetary well being extra attainable.

“Elements like a low unemployment price and excessive common revenue assist residents buy property, pay down debt and save for the long run. The very best state economies additionally encourage development by being pleasant to new companies and investing in new know-how that can assist the state take care of future challenges and grow to be extra environment friendly,” Lupo mentioned.