In a non-surprise to New Jersey business owners, the Garden State was ranked dead last in a study of the best and worst US states to start a business in.

The study, conducted by personal finance site WalletHub, gave every state a numeric score based on 28 key indicators across three major categories: Business Environment, Access to Resources, and Business Costs.

New Jersey ranked near the bottom of the pack in four major categories: Labor Costs (#49), Office Space Affordability (#45), Cost of Living (#42), and Average Growth in Number of Small Businesses (#41), and wound up with a final score of 41.07 points out of a possible 100 – good for worst in the nation.

“New Jersey lacks office space affordability and labor costs here are the second highest in the country,” said Jill Gonzalez, a WalletHub analyst. “Plus, the average annual single insurance premium per enrolled employee is the fourth largest at almost $7,800. Taxes are also very high in New Jersey, as is the cost of living. Lastly, the total spending on incentives makes up just 0.13% of the GDP, one of the lowest percentages nationwide.”

The top five states are, in order: Texas, Georgia, California, Florida, and Ohio. New York came in 22nd place.