Top States for Business

16. Idaho

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The economy is hot thanks to a housing boom, but weak education causes the state to lose some appeal.

Idaho Score and Ranking

Category 2021 Score 2021 Rank 2019 Rank 2021 Grade
Cost of Doing Business2441312B+
Infrastructure1693728C-
Life, Health & Inclusion20621--C
Workforce1593042D+
Economy19712A+
Business Friendliness17726A+
Access to Capital354538F
Technology & Innovation833137C-
Education544647D-
Cost of Living481920B-

Economic Profile

Governor: Brad Little, Republican

Population: 1,826,913

GDP growth (Q1 2021): 5.9%

Unemployment rate (May 2021): 3%

Top corporate tax rate: 6.93%

Top individual income tax rate: 6.93%

Gasoline tax: 33 cents/gallon

Bond rating: (Moody's/S&P): Aa1, stable/AA+, stable

Major private employers: St. Luke's Health System, Micron Technology, Inc.

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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