Business and living costs are low in the Show Me state, but it falls short on education and inclusiveness.
Missouri Score and Ranking
Category | 2021 Score | 2021 Rank | 2019 Rank | 2021 Grade |
---|---|---|---|---|
Cost of Doing Business | 284 | 5 | 8 | A- |
Infrastructure | 189 | 25 | 7 | D+ |
Life, Health & Inclusion | 112 | 47 | -- | D- |
Workforce | 119 | 45 | 38 | D- |
Economy | 163 | 10 | 24 | D+ |
Business Friendliness | 109 | 23 | 27 | D- |
Access to Capital | 112 | 22 | 22 | D+ |
Technology & Innovation | 92 | 24 | 22 | F |
Education | 86 | 22 | 14 | D |
Cost of Living | 69 | 5 | 4 | A+ |
Overall | 1335 | 25 | 23 |
Economic Profile
Governor: Mike Parson, Republican
Population: 6,151,548
GDP growth (Q1 2021): 6.1%
Unemployment rate (May 2021): 4.2%
Top corporate tax rate: 4%
Top individual income tax rate: 5.4%
Gasoline tax: 17.42 cents/gallon
Bond rating (Moody's/S&P): Aaa, stable/AAA, stable
Major private employers: Wal-Mart, The Boeing Company, Monsanto 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