Top States for Business

19. Illinois

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Illinois Score and Ranking

CATEGORY  2022 SCORE  2022 RANK 2021 RANK  2021 GRADE 
WORKFORCE2152619C
INFRASTRUCTURE25631A
COST OF DOING BUSINESS1693129B-
ECONOMY1114448F
LIFE, HEALTH & INCLUSION1672324C-
TECHNOLOGY & INNOVATION172813A-
BUSINESS FRIENDLINESS724048F
EDUCATION112610A-
ACCESS TO CAPITAL3983B+
COST OF LIVING312021B-
OVERALL13441915

Economic Profile

Governor: J.B. Pritzker, Democrat

Population: 12,671,469

GDP growth (Q1 2022): -2.5%

Unemployment rate (May 2022): 4.6 %

Top corporate tax rate: 9.5%

Top individual income tax rate: 4.95%

Gasoline tax: 59.60 cents/gallon

Bond rating (Moody's/S&P): Baa1, stable/BBB+, stable

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

A beautiful sunset spot shot of Buck O'Neil Bridge in Kansas City.
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