Top States for Business

38. Oklahoma

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Oklahoma Score and Ranking

CATEGORY  2022 SCORE  2022 RANK 2021 RANK  2022 GRADE 
WORKFORCE2023532C-
INFRASTRUCTURE1942634C
COST OF DOING BUSINESS25121A+
ECONOMY1453440D+
LIFE, HEALTH & INCLUSION794836F
TECHNOLOGY & INNOVATION1163045C-
BUSINESS FRIENDLINESS1291418B
EDUCATION504750F
ACCESS TO CAPITAL262227C-
COST OF LIVING37143A+
OVERALL12293832

Economic Profile

Governor: Kevin Stitt, Republican

Population: 3,986,639

GDP growth (Q1 2022): -3.7%

Unemployment rate (May 2022): 2.8%

Top corporate tax rate: 4%

Top individual income tax rate: 4.75%

Gasoline tax: 20 cents/gallon

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

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