CNBC announced the results of its study to determine which states are best states to do business in and Texas grabbed the top spot.  The study looked at 40 different metrics in 10 categories, assigning each category a certain number of points.  There were a total of 2500 points possible.

Categories studied included the cost of doing business, workforce, quality of life, economy, education and cost of living.  With no state income tax and a minimal franchise tax, Texas score well in the cost of doing business.  The state is a little weak at education in terms of high school performance, but has a number of great colleges and universities that contribute to the workforce every year.

Many people don’t realize that Texas is home to 64 Fortune 500 companies.  That is more than any other state in the country and businesses move to the state often.  Texas is also home to more Fortune 1000 companies than any other state.

The economy of Texas has remained relatively strong in spite of the national economy being such a mess.  Having a lot of oil and gas resources has helped.  Having an unemployment rate lower than the national average also helps.  Because of each of these and other factors, the real estate market in Texas has remained healthier than most other states.

Read the entire story and see other state rankings HERE.