Top States for Business

12. Iowa

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Iowa Score and Ranking

CATEGORY  2022 SCORE  2022 RANK 2021 RANK  2022 GRADE 
WORKFORCE2282037C+
INFRASTRUCTURE1673735D
COST OF DOING BUSINESS2071913B+
ECONOMY1891726C+
LIFE, HEALTH & INCLUSION231105B
TECHNOLOGY & INNOVATION1431823B-
BUSINESS FRIENDLINESS942834D+
EDUCATION892420C+
ACCESS TO CAPITAL242936C-
COST OF LIVING44712B+
OVERALL14161220

Economic Profile

Governor: Kim Reynolds, Republican

Population: 3,193,079

GDP growth (Q1 2022): -1.3%

Unemployment rate (May 2022): 2.7%

Top corporate tax rate: 9.8%

Top individual income tax rate: 8.53%

Gasoline tax: 30.00 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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