CINCINNATI (WKRC) — A new WalletHub study places Ohio and Kentucky among the states with the weakest economies in the U.S., despite some bright spots in certain areas.
Strongest vs. Weakest
This Article Includes
At the top of the list, Massachusetts claimed the No. 1 spot, credited to its heavy investments in industry, academic research, and development. The Bay State also ranks second in patents per capita, underscoring its innovation strength.
The rest of the top five include:
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Utah (#2)
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Washington (#3)
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California (#4)
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New Hampshire (#5)
Meanwhile, Indiana landed in the top half at No. 22, bolstered by one of the largest GDP jumps in the nation.
Ohio’s Rankings
Ohio placed 36th overall, dragged down by a poor showing in economic health.
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Economic Activity Rank: 30
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Innovation Potential Rank: 30
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Economic Health Rank: 46
This indicates the state is generating solid activity and some innovation, but struggles with long-term financial stability and household well-being.
Kentucky’s Rankings
Kentucky fared worse at 41st overall, largely due to high unemployment and weak innovation.
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Economic Activity Rank: 27
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Economic Health Rank: 39
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Innovation Potential Rank: 49 (second-worst in the nation)
Despite those challenges, Kentucky tied for first in Exports per Capita, signaling strong trade performance.
How the Study Worked
WalletHub’s ranking evaluated all 50 states and the District of Columbia across 28 economic indicators, grouped into three dimensions:
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Economic Activity (GDP growth, startup rates, exports)
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Economic Health (unemployment, household finances, foreclosures)
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Innovation Potential (share of STEM jobs, patents, R&D spending)
Each state received a score on a 100-point scale, highlighting the economic disparities across the country.
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