Top States for Business

45. Mississippi

Share

No state offers lower costs than the Magnolia State, but innovation and business friendliness are in short supply.

A vector illustration outline of the state of Mississippi filled with a low polygon design in orange and yellow tones.
LPETTET | DigitalVision Vectors | Getty Images

Mississippi Score and Ranking

Category 2021 Score 2021 Rank 2019 Rank 2021 Grade
Cost of Doing Business26876A-
Infrastructure1643838D+
Life, Health & Inclusion14537--D-
Workforce1324142D-
Economy964250D+
Business Friendliness554347D-
Access to Capital703242D+
Technology & Innovation394848F
Education584344D
Cost of Living7511A+

Economic Profile

Governor: Tate Reeves, Republican

Population: 2,966,786

GDP growth (Q1 2021): 6.9%

Unemployment rate (May 2021): 6.1%

Top corporate tax rate: 5%

Top individual income tax rate: 5%

Gasoline tax: 18.79 cents/gallon

Bond rating (Moody's/S&P): Aa2, stable/AA, stable

Major private employers: Nissan North America, EastGroup Properties

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
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
These are America's 10 worst states for remote work