×

27. Illinois

The Land of Lincoln is also the land of transportation, with a robust infrastructure. But a battered balance sheet and burdensome regulations are hurting the state’s economy.

Category
Score
2014 Rank
2013 Rank
Cost of Doing Business 161 40 44
Workforce 134 32 (Tie) 29
Quality of Life 134 30 (Tie) 30
Infrastructure & Transportation 249 3 5
Economy 180 36 45
Education 92 15 (Tie) 22
Technology & Innovation 245 5 (Tie) 5
Business Friendliness 60 41 36
Cost of Living 22 29 23
Access to Capital 19 14 25
Overall 1296 27 37

Economic Profile

Governor: Pat Quinn, Democrat

Population: 12,882,135

GDP growth: 0.9 percent

Unemployment rate (May 2014): 7.9 percent

Top corporate tax rate: 9.5 percent

Top individual income tax rate: 5 percent

Gasoline tax: 58 cents/gallon

Bond rating/outlook: A3/negative

Major private employer: Advocate Health Care

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Illinois FY 2013 CAFR

Top States For Business

From the Governors

Latest Special Reports

  • Top States 2016

    CNBC's annual study measures all 50 states on more than 60 different metrics.

  • People walk amongst aircraft exhibited on the tarmac during the opening of the International Paris Airshow at Le Bourget on June 15, 2015.

    The International Paris Air Show is celebrating its 52nd anniversary this year with the big movers and shakers in the aerospace and defense industry all attending the event.

  • International business and political leaders gather in Dalian, China for the 2017 instalment of the World Economic Forum’s Annual Meeting of the New Champions.