38. Alabama

In the Heart of Dixie, costs are low. But so are rankings in key areas, like economy and education.

Top States Alabama
Source: George Kavallines
Category
Score
2016 Rank
2015 Rank
Workforce 189 38 (Tie) 32 (Tie)
Cost of Doing Business 219 17 19
Infrastructure 192 21 (Tie) 31
Economy 107 48 44 (Tie)
Quality of Life 119 43 42
Technology & Innovation 93 36 30 (Tie)
Education 65 46 46
Business Friendliness 61 30 (Tie) 28 (Tie)
Cost of Living 71 4 10
Access to Capital 35 16 20
Overall 1151 38 41

Economic Profile

Governor: Robert Bentley, Republican

Population: 4,858,979

GDP growth: 1.6 percent

Unemployment rate (May 2016): 6.1 percent

Top corporate tax rate: 6.5 percent

Top individual income tax rate: 5 percent

Gasoline tax: 39.27 cents/gallon

Bond rating/outlook: Aa1, stable

Major private employers: Wal-Mart, Regions Bank, Vulcan Materials 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

Latest Special Reports

  • CNBC Changemakers

    CNBC Changemakers: Women Transforming Business is an annual list spotlighting women whose accomplishments have left an indelible mark on the business world.

  • A look at 50 private companies set to reshape the business landscape.

  • Automation, AI and machine learning will radically influence the relationship between employers and their workforce.