16. Indiana

Low costs and strong infrastructure converge in the Crossroads of America, but quality of life is a bit bumpy.

Top States Indiana
Source: George Kavallines
Category
Score
2016 Rank
2015 Rank
Workforce 191 36 42
Cost of Doing Business 280 1 1
Infrastructure 241 1 22
Economy 190 20 8 (Tie)
Quality of Life 107 45 46
Technology & Innovation 127 26 26
Education 98 29 (Tie) 26 (Tie)
Business Friendliness 94 13 9
Cost of Living 65 8 4
Access to Capital 33 18 16
Overall 1426 16 13

Economic Profile

Governor: Mike Pence, Republican

Population: 6,619,680

GDP growth: 1.7 percent

Unemployment rate (May 2016): 5 percent

Top corporate tax rate: 6.5 percent

Top individual income tax rate: 3.3 percent

Gasoline tax: 49.13 cents/gallon

Bond rating/outlook: Aaa, stable

Major private employers: Wal-Mart, St. Vincent Health, Eli Lilly and Company

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

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