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

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