Costs are low, but poor health care and non-inclusive state laws are part of the bargain.
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Alabama Score and Ranking
| Category | 2021 Score | 2021 Rank | 2019 Rank | 2021 Grade |
|---|---|---|---|---|
| Cost of Doing Business | 232 | 22 | 22 | B |
| Infrastructure | 180 | 32 | 10 | C |
| Life, Health & Inclusion | 123 | 44 | — | F |
| Workforce | 155 | 35 | 35 | D+ |
| Economy | 136 | 29 | 27 | C+ |
| Business Friendliness | 123 | 19 | 37 | B- |
| Access to Capital | 92 | 25 | 30 | C |
| Technology & Innovation | 81 | 33 | 34 | C- |
| Education | 70 | 34 | 37 | C- |
| Cost of Living | 68 | 6 | 8 | A |
| Overall | 1260 | 31 | 37 | — |
Economic Profile
Governor: Kay Ivey, Republican
Population: 4,921,532
GDP growth (Q1 2021): 6.8%
Unemployment rate (May 2021): 3.4%
Top corporate tax rate: 6.5%
Top individual income tax rate: 5%
Gasoline tax: 29.21 cents/gallon
Bond rating: (Moody's/S&P): Aa1, stable/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
