The writers at 24/7 Wall St., spent months reviewing data sets related to debt ratings, median income, unemployment trends, violent crime rates and others to rank the states from the best run to the worst. Well-run states are much like well-run corporations, according to 24/7 Wall St. They balance their books, invest prudently, prize innovation and manage their debt. Wyoming came out on top of the magazine's rankings, while Kentucky was at the bottom. New York ranked 26th.