For the second consecutive year, Idaho ranked among the most business-friendly states in the nation in the annual annual Milken Institute Index thanks to some of lowest electrical rates in the U.S.
That was good enough to earn Idaho a 6th place finish on the Ten Least Expensive states list with an index rating 82.8. Overall, the state finished in 46th place for the second consecutive year.
Hawaii and New York ranked first and second on the most expensive states to do business list.
Idaho was singled out as having the lowest electrical rates in the nation, while Hawaii had the highest.
The Cost-of-Doing-Business Index indicates each state's comparative advantages or disadvantages in attracting and retaining businesses.
Source: Idaho Statesman.com