×

35. Kentucky

Low costs make it easy to put down roots in the Bluegrass State, but a poorly educated workforce makes it hard to thrive.

Top States Kentucky
Source: George Kavallines
Category
Score
2016 Rank
2015 Rank
Workforce 168 46 49
Cost of Doing Business 251 5 2 (Tie)
Infrastructure 206 14 (Tie) 19 (Tie)
Economy 131 40 21
Quality of Life 121 42 41
Technology & Innovation 91 37 39
Education 98 29 (Tie) 36 (Tie)
Business Friendliness 40 41 40
Cost of Living 74 2 6
Access to Capital 13 38 41
Overall 1193 35 36

Economic Profile

Governor: Matt Bevin, Republican

Population: 4,425,092

GDP growth: 1.1 percent

Unemployment rate (May 2016): 5.1 percent

Top corporate tax rate: 6 percent

Top individual income tax rate: 6 percent

Gasoline tax: 44.40 cents/gallon

Bond rating/outlook: Aa2, stable

Major private employers: Humana, Yum! Brands

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, S&P Global Market Intelligence

Latest Special Reports

  • Frontline insights and unique views on key issues and challenges facing today’s CFOs.

  • The latest CNBC Fed Survey.

  • Net/Net promo

    Examining how top companies promote and manage innovation, leverage rapid change and use technology to grow exponentially.