Despite New Jersey’s laggard economy and financial challenges, it scored a creditable 21 on a recent assessment of the best and worst state economies from WalletHub, the personal finances website. The analysis evaluated all 50 states and the District of Columbia using three overall categories: economic activity (New Jersey scored 11), economic health (47), and innovation potential (11). Each category reflects weighted scores using a total of 27 metrics.
New York was ranked 19th, scoring 7 (economic activity), 47 (economic health), and 18 (innovation potential). Pennsylvania was ranked 30th: 25, 41, 27.
Washington finished at the top of the list, scoring an impressive 1 (activity), 4 (health), and 3 (innovation potential). West Virginia took the 51st slot, with scores of 48, 49, and 51.