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The Best-Run and Worst-Run States

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4th Best-Run State: Nebraska

Debt per capita: $1,277 (2nd lowest)

Budget deficit: 4.8% (38th largest)

Unemployment: 3.9% (2nd lowest)

Median household income: $50,723 (25th highest)

Pct. below poverty line: 13.0% (16th lowest)

Nebraska received strong scores for its fiscal management, with a perfect credit rating from Standard & Poor’s and extremely low debt as of fiscal 2011. The state’s pension plans were well-funded relative to most other states. Nebraska also faced a total budget shortfall of just 4.8% in fiscal 2012, one of the smaller deficits in the country. Nebraska’s unemployment rate was just 3.9% last year, less than any other state except for North Dakota. The Cornhusker State also had an underemployment rate of just 8.8%, the third lowest in the country. Nebraska also performed well in several measures that reflect quality of life. The state’s violent crime and poverty rates were lower than the national rates in 2012, while a higher percentage of residents had health insurance, and a high proportion of adults were high school graduates.

(Photo: iStock)

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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