Top States for Business

14. Indiana

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Indiana Score and Ranking

CATEGORY  2022 SCORE  2022 RANK 2021 RANK  2021 GRADE 
WORKFORCE1684843D-
INFRASTRUCTURE27413A+
COST OF DOING BUSINESS25129A+
ECONOMY2151021B
LIFE, HEALTH & INCLUSION1024341F
TECHNOLOGY & INNOVATION1352325C+
BUSINESS FRIENDLINESS1191812C+
EDUCATION763536C-
ACCESS TO CAPITAL301324C+
COST OF LIVING42910A-
OVERALL14121419

Economic Profile

Governor: Eric Holcomb, Republican

Population: 6,805,985

GDP growth (Q1 2022): -1.6%

Unemployment rate (May 2022): 2.2%

Top corporate tax rate: 4.9%

Top individual income tax rate: 3.23%

Gasoline tax: 49.79 cents/gallon

Bond rating (Moody's/S&P): Aaa, stable/AAA, 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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