Study: 2022's Most & Least Innovative States
Friday, March 25th, 2022
With the U.S. projected to spent nearly $600 billion on R&D in 2022, the personal-finance website WalletHub today released its report on 2022’s Most & Least Innovative States, as well as accompanying videos and expert commentary.
In order to give credit to the states that have contributed the most to America’s innovative success, WalletHub compared the 50 states and the District of Columbia across 22 key metrics. The data set ranges from share of STEM professionals to R&D spending per capita.
|
Most Innovative States |
Least Innovative States |
|
1. District of Columbia |
42. Oklahoma |
|
2. Massachusetts |
43. Kentucky |
|
3. Washington |
44. Iowa |
|
4. Maryland |
45. South Dakota |
|
5. Colorado |
46. Nebraska |
|
6. Virginia |
47. Arkansas |
|
7. California |
48. West Virginia |
|
8. Delaware |
49. North Dakota |
|
9. New Hampshire |
50. Louisiana |
|
10. Utah |
51. Mississippi |
Key Stats
-
Washington has the highest share of STEM professionals, 10.65 percent, which is three times higher than in Mississippi, the lowest at 3.55 percent.
-
The District of Columbia has the highest share of technology companies, 8.19 percent, which is 3.1 times higher than in North Dakota, the lowest at 2.62 percent.
-
New Mexico has the highest research and development (R&D) intensity, 7.02 percent, which is 17.6 times higher than in Wyoming, the lowest at 0.40 percent.
To view the full report and your state or the District’s rank, please visit:
https://wallethub.com/edu/
