34. Alabama

The Heart of Dixie offers a low cost of doing business and a very affordable cost of living. But poor health hurts the state’s quality of life, and the state ranks poorly in education.

2014 Rank
2013 Rank
Cost of Doing Business 342 4 (Tie) 6
Workforce 158 20 (Tie) 25
Quality of Life 79 46 45
Infrastructure & Transportation 203 21 (Tie) 27
Economy 169 40 40
Education 40 47 36
Technology & Innovation 117 31 34
Business Friendliness 62 38 37
Cost of Living 44 7 (Tie) 13
Access to Capital 3 45 (Tie) 39
Overall 1217 34 33

Economic Profile

Governor: Robert Bentley, Republican

Population: 4,833,722

GDP growth: 0.8 percent

Unemployment rate (May 2014): 6.9 percent

Top corporate tax rate: 6.5 percent

Top individual income tax rate: 5 percent

Gasoline tax: 39 cents/gallon

Bond rating/outlook: Aa1/stable

Major private employer: Regions Financial Corporation

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Regions Financial Corporation

Top States For Business

From the Governors

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