18. Iowa

You’ll be flying high with the Hawkeye State’s quality of life. But worker shortages are clipping some companies’ wings.

Grass-fed dairy cattle roam a section of pasture on the farm belonging to Amish farmer James Swantz in Kalona, Iowa.
Rachel Mummey | The Washington Post | Getty Images
Grass-fed dairy cattle roam a section of pasture on the farm belonging to Amish farmer James Swantz in Kalona, Iowa.
Category
Score
2018 Rank
2017 Rank
Grade
Workforce 191 39 42 C-
Infrastructure 203 24 23 C+
Cost of Doing Business 244 6 10 A+
Economy 132 34 21 C-
Quality of Life 214 7 9 B+
Technology & Innovation 116 26 25 C
Education 129 13 9 B
Business Friendliness 101 15 11 B
Access to Capital 29 36 30 D
Cost of Living 39 12 15 (Tie) B+
Overall 1398 18 15 -

Economic Profile

Governor: Kim Reynolds, Republican

Population: 3,145,711

GDP growth (Q4 2017): 0.7 percent

Unemployment rate (May 2018): 2.7 percent

Top corporate tax rate: 12 percent

Top individual income tax rate: 8.98 percent

Gasoline tax: 30.50 cents/gallon

Bond rating (Moody's/S&P): Aaa, stable/AAA, stable

Major private employers: Hy-Vee Food Stores, Principal Financial Group

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 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.

  • Top States 2015

    CNBC unveils its 9th annual America's Top States for Business. See where your state ranks.

Latest Special Reports

  • senior couple on beach

    A fixed-income strategy is key for investors who are retired or are approaching retirement. This special report details the range of tools and strategies used to manage a fixed income portfolio.

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

  • NYSE Trader on the floor

    The buzz on the trading floor