New York is No. 18 on Top States for Business 2026

Governor: Kathy Hochul, Democrat

Population: 20,002,427

GDP growth (Q1 2026): 0.90%

Unemployment rate (May 2026): 4.60%

Top corporate tax rate: 7.25%

Top individual income tax rate: 10.90%

Gasoline tax: 42.58 cents/gallon

Bond rating (Moody’s/S&P): Aa1, Stable/AA+, Stable

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (including 18.40 cent/gallon federal tax), Moody’s Investor Service, S&P Global Market Intelligence