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Part I: Economic Opportunity
The dynamism, flexibility, and competitiveness of a state’s economy is a major
contributor to economic opportunity, so we look at this topic through a wide range of
metrics, from business climate and entrepreneurship rankings to educational
attainment and demographic gaps. Our most significant findings are as follows:
Part II: Standard of Living
Ultimately, it is by standard of living that we judge the success of our economy. We
measure standard of living for average and below-average families by looking at such
measures as wages, poverty, and affordability of major household expenditures such
as housing, transportation, and energy. Our most significant findings are:
Utah ranks ahead of Idaho by nearly
every measure of economic
opportunity, including educational
attainment, economic productivity,
job growth, business climate
rankings, high level of economic
mobility, and low level of income
inequality.
matches Utah for low unemployment and
outpaces the Beehive State by one of the two
measures of startup activity. Idaho also has
more of its children in full-day kindergarten and
has maintained a small but steady lead in per-
pupil K-12 education investment, ranking 49
th
for
many years, compared to 50
th
for Utah, last
place in the nation. Utah also ranks last in the
gender wage gap, where Idaho is 41
st
.
biggest advantage over Utah in
the Standard of Living metrics is its
low cost of living. Idaho also enjoys
better air quality and shorter
commutes. In terms of civic
engagement, Idaho boasts a voter
participation rate higher than the
national average, while Utah tops the
nation for volunteerism.
Utah is the clear winner by most measures of
wages and poverty. Utah’s median hourly wage
was 5% higher than Idaho’s last year, though
that advantage shrinks by about a fifth when
adjusted for Idaho’s lower cost of living. Utah’s
slightly higher median hourly wage is consistent
with (though much smaller than) the state’s 17%
advantage over Idaho in higher education
attainment (Bachelor’s degrees and above) and
16% advantage over Idaho in worker
productivity (see Part I). By the poverty metrics,
Utah leads in nearly every category.