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16. Iowa

With an economy and job market that keep plowing along, this state clearly has what it takes to capture businesses' attention.

Iowa State Flag painted on brick wall
PromesaArtStudio | iStock | Getty Images
Category
Score
2019 Rank
2018 Rank
Grade
Workforce 215 34 39 D
Economy 245 13 34 B+
Infrastructure 166 32 24 C
Cost of Doing Business 232 10 6 A-
Quality of Life 208 13 7 B-
Education 103 17 13 B-
Technology & Innovation 92 26 26 C+
Business Friendliness 93 24 15 C+
Access to Capital 27 32 36 D+
Cost of Living 38 13 12 B+
Overall 1419 16 18 -

Economic Profile

Governor: Kim Reynolds, Republican

Population: 3,156,145

GDP growth (Q4 2018): 0.3%

Unemployment rate (May 2019): 2.4%

Top corporate tax rate: 12%

Top individual income tax rate: 8.53%

Gasoline tax: 30.70 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

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