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37. Alabama

Business costs are a bargain in the Heart of Dixie, but you are also buying the nation’s worst quality of life.

George Kavallines | CNBC
Category
Score
2017 Rank
2016 Rank
Workforce 235 36 38
Infrastructure 189 18 21 (Tie)
Cost of Doing Business 248 7 (Tie) 17
Economy 166 26 48
Quality of Life 83 50 43
Technology & Innovation 104 31 (Tie) 36
Education 51 47 46
Business Friendliness 61 33 (Tie) 30 (Tie)
Access to Capital 42 29 16
Cost of Living 39 12 4
Overall 1218 37 38

Economic Profile

Governor: Kay Ivey, Republican

Population: 4,863,300

GDP growth (Q4 2016): 2.2

Unemployment rate (May 2017): 4.9 percent

Top corporate tax rate: 6.5 percent

Top individual income tax rate: 5 percent

Gasoline tax: 23 cents/gallon

Bond rating/outlook (Moody's, S&P): Aa1, AA 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 (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

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