28. Oklahoma

The Sooner State offers the lowest cost of doing business and the third lowest cost of living. But poor air quality and poor health hurt residents’ quality of life.

Category
Score
2014 Rank
2013 Rank
Cost of Doing Business 386 1 2
Workforce 130 35 25
Quality of Life 70 49 45
Infrastructure & Transportation 171 33 25
Economy 223 26 (Tie) 24
Education 52 41 48
Technology & Innovation 96 39 35
Business Friendliness 97 27 28
Cost of Living 48 3 1
Access to Capital 5 41 (Tie) 37
Overall 1278 28 25

Economic Profile

Governor: Mary Fallin, Republican

Population: 3,850,568

GDP growth: 4.2 percent

Unemployment rate (May 2014): 4.6 percent

Top corporate tax rate: 6 percent

Top individual income tax rate: 5.25 percent

Gasoline tax: 35 cents/gallon

Bond rating/outlook: Aa2/stable

Major private employer: Wal-Mart

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

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