Top States for Business

19. Indiana

Share

Low cost and great infrastructure come together in the Crossroads of America, but the state loses on health care.

Getty Images

Indiana Score and Ranking

Category 2021 Score 2021 Rank 2019 Rank 2021 Grade
Cost of Doing Business26394A-
Infrastructure24631A-
Life, Health & Inclusion13041--F
Workforce1264329F
Economy1442117B-
Business Friendliness136124B+
Access to Capital962421C
Technology & Innovation912530C+
Education693632D+
Cost of Living62109A-
Overall13631911--

Economic Profile

Governor: Eric Holcomb, Republican

Population: 6,754,953

GDP growth (Q1 2021): 6.8%

Unemployment rate (May 2021): 4%

Top corporate tax rate: 5.25%

Top individual income tax rate: 3.23%

Gasoline tax: 42.16 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

America's Top States for Business 2021
Construction workers on the Frederick Douglass Memorial Bridge in Washington, D.C., U.S., on Wednesday, May 19, 2021.
These are America's 10 best states for infrastructure
Shoppers load up their vehicle outside a HomeGoods store in South Bend, Indiana, on Monday, Nov. 16, 2020.
These are America's 10 cheapest states to live in for 2021
People line up to vote at the Gwinnett County Fairgrounds on October 30, 2020 in Lawrenceville, Georgia.
These 10 states are America's worst places to live in 2021