13. Indiana

With generous incentives and low taxes, the Hoosier State is the least expensive. But its workforce is among the least educated.

2015 Rank
2014 Rank
Workforce 180 42 27
Cost of Doing Business 272 1 21
Infrastructure 196 22 7
Economy 232 8 (Tie) 30
Quality of Life 81 46 44
Technology & Innovation 132 26 25
Education 101 26 (Tie) 15
Business Friendliness 106 9 11
Cost of Living 71 4 7
Access to Capital 35 16 37
Overall 1406 13 19

Economic Profile

Governor: Mike Pence, Republican

Population: 6,596,855

GDP growth: 0.4 percent

Unemployment rate (May 2015): 5.1 percent

Top corporate tax rate: 7 percent

Top individual income tax rate: 3.3 percent

Gasoline tax: 51 cents/gallon

Bond rating/outlook: Aaa/stable

Major private employer: Wal-Mart, St. Vincent Health

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Indiana FY 2014 CAFR


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