50 in 50: Kansas

50 in 50: Kansas

50 states in 50 weeks: U.S. states economic and infrastructure highlights.

Key Economic Indicators

GDP: $162.7 billion

GDP 5-year compounded annual growth rate (CAGR) (2017-2021): 1.2% (U.S: 1.6%)

GDP per capita: $55,632 (U.S.: $58,154)

Population: 2.9 million

Population 5-year CAGR (2017-2021): 0.2% (U.S.: 0.5%)

Unemployment: 2.4% (U.S.: 3.9%)

Economic outlook ranking: #28 out of 50

Fiscal health ranking: #27 out of 50

Overall tax climate ranking: #24 out of 50

Key Sectors and Metro Areas

Top five industry sectors by 2021 GDP:

Top three industry sectors by GDP 5-year CAGR (2017-2021):

Top three metro areas by GDP:

• Wichita
• Topeka
• Manhattan
  
  *Kansas City, MO-KS would be the top-ranked metro area if included in this data.

Top three metro areas by population 5-year CAGR (2016-2020):

• Lawrence
• Wichita
• Topeka
  
  *Kansas City, MO-KS would be the top-ranked metro area if included in this data.

Infrastructure Highlights

Infrastructure: ASCE Infrastructure Grade (2019): C

Kansas will receive almost $4 billion in funding from the Bipartisan Infrastructure Law (BIL) over the next five years. The state’s government has created the Kansas Infrastructure Hub, which will prioritize and maximize investment by promoting best practices in obtaining and deploying infrastructure funds. It is composed of representatives from the Departments of Transportation, Administration, Agriculture, Commerce, Health, and Environment, as well as the Corporation Commission and the Kansas Water Office.

According to the last ASCE report card for Kansas, aviation, roads, dams, and stormwater infrastructure are the categories that need the most improvement throughout the state. Kansas’ BIL funds will address the following categories of projects (additional funds may be deployed as federal grants get awarded to states):

Construction spending (Value of Construction Put in Place – CPiP):

• Private Nonresidential 2020 CPiP: $3.3 billion; 1.3% 5-year CAGR (2016-2020), below overall U.S. CAGR of 2.0%
• State & Local 2020 CPiP: $3.5 billion; -1.0% 5-year CAGR (2016-2020), below overall U.S. CAGR of 4.8%

AE Industry

ENR 500 firm headquarters (2022): 5

• 20 deals with buyers from Kansas
• 6 deals with sellers from Kansas

For customized market research, contact Rafael Barbosa at [email protected] or 972.266.4955. Connect with him on LinkedIn.