Top States for Business

41. Arkansas

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Arkansas Score and Ranking

CATEGORY  2022 SCORE  2022 RANK 2021 RANK  2022 GRADE 
WORKFORCE1963842D+
INFRASTRUCTURE1853043C-
COST OF DOING BUSINESS215134A
ECONOMY1702424C-
LIFE, HEALTH & INCLUSION1243743D
TECHNOLOGY & INNOVATION894042D-
BUSINESS FRIENDLINESS932934D+
EDUCATION753743C-
ACCESS TO CAPITAL272037C
COST OF LIVING41104A+
OVERALL12154143

Economic Profile

Governor: Asa Hutchinson, Republican

Population: 3,025,891

GDP growth (Q1 2022): -0.9%

Unemployment rate (May 2022): 3.2%

Top corporate tax rate: 5.9%

Top individual income tax rate: 5.5%

Gasoline tax: 24.80 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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