Top States for Business

29. California

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California Score and Ranking

CATEGORY  2022 SCORE  2022 RANK 2021 RANK  2022 GRADE 
WORKFORCE236164B-
INFRASTRUCTURE1972527C
COST OF DOING BUSINESS784847F
ECONOMY1891727C+
LIFE, HEALTH & INCLUSION1652626C-
TECHNOLOGY & INNOVATION20111A+
BUSINESS FRIENDLINESS554850F
EDUCATION1061136B+
ACCESS TO CAPITAL4911A+
COST OF LIVING34848F
OVERALL12792933

Economic Profile

Governor: Gavin Newsom, Democrat

Population: 39,237,836

GDP growth (Q1 2022): -1.0%

Unemployment rate (May 2022): 4.3%

Top corporate tax rate: 8.84%

Top individual income tax rate: 13.30%

Gasoline tax: 68.15 cents/gallon

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

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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