Top States for Business

33. Alabama

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Alabama Score and Ranking

CATEGORY  2022 SCORE  2022 RANK 2021 RANK  2022 GRADE 
WORKFORCE2521335B
INFRASTRUCTURE1663832D
COST OF DOING BUSINESS1952422B+
ECONOMY1612729C-
LIFE, HEALTH & INCLUSION1163844D-
TECHNOLOGY & INNOVATION1372133C+
BUSINESS FRIENDLINESS1002519C-
EDUCATION773434C-
ACCESS TO CAPITAL223425D+
COST OF LIVING4836A
OVERALL12743331

Economic Profile

Governor: Kay Ivey, Republican

Population: 5,039,877

GDP growth (Q1 2022): -1.8%

Unemployment rate (May 2022): 2.7%

Top corporate tax rate: 6.5%

Top individual income tax rate: 5%

Gasoline tax: 31.31 cents/gallon

Bond rating: (Moody's/S&P): Aa1, 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

Photo of some homes off of Bay St Louis, Pass Christian, Mississppi.
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