16. Indiana

The Crossroads of America is known for its infrastructure. But quality of life needs improvement.

A worker uses a heat gun to smooth out the wrinkles on a car seat during production at the Lear Corp. manufacturing facility in Hammond, Indiana.
Jim Young | Bloomberg | Getty Images
A worker uses a heat gun to smooth out the wrinkles on a car seat during production at the Lear Corp. manufacturing facility in Hammond, Indiana.
Category
Score
2018 Rank
2017 Rank
Grade
Workforce 189 40 35 C-
Infrastructure 279 2 3 A+
Cost of Doing Business 245 5 2 A+
Economy 175 20 10 (Tie) B-
Quality of Life 100 46 45 F
Technology & Innovation 114 28 26 C
Education 85 35 29 D+
Business Friendliness 126 4 8 (Tie) A-
Access to Capital 58 24 24 C+
Cost of Living 41 10 2 A-
Overall 1412 16 14

Economic Profile

Governor: Eric Holcomb, Republican

Population: 6,666,818

GDP growth (Q4 2017): 2.7 percent

Unemployment rate (May 2018): 3.2 percent

Top corporate tax rate: 6.25 percent

Top individual income tax rate: 3.23 percent

Gasoline tax: 41.90 cents/gallon

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

Top States Past Year Rankings

  • CNBC unveils its 12th annual America's Top States for Business study. See where your state ranks in 2018.

  • CNBC unveils its 11th annual America's Top States for Business ranking for 2017, scoring all 50 states on 10 key measures of competitiveness.

  • Top States promos Arm Wrestling

    CNBC unveils its 10th annual America's Top States for Business ranking, scoring all 50 states on 10 key measures of competitiveness.

Latest Special Reports

  • CNBC and Institutional Investor is hosting the 9th Annual Delivering Alpha Conference

  • The nexus of technology -- cloud, social, mobile and data -- are transforming user behaviors and creating new businesses.

  • Innovative female entrepreneur examining prototype

    In an era of rapid technological advances and demographic change, how do legacy companies adapt, innovate and evolve? CNBC Evolve features iconic global companies and executives who are embracing change and transforming for the future.