Top States for Business

13. North Dakota

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North Dakota Score and Ranking

CATEGORY  2022 SCORE  2022 RANK  2021 RANK  2022 GRADE 
WORKFORCE2093138C
INFRASTRUCTURE2022117C+
COST OF DOING BUSINESS2012118B+
ECONOMY1413734D
LIFE, HEALTH & INCLUSION25643B+
TECHNOLOGY & INNOVATION983542D
BUSINESS FRIENDLINESS170134A+
EDUCATION882613C+
ACCESS TO CAPITAL223447D+
COST OF LIVING272425C+
OVERALL14141318

Economic Profile

Governor: Doug Burgum, Republican

Population: 774,948

GDP growth (Q1 2022): -6.3%

Unemployment rate (May 2022): 2.6%

Top corporate tax rate: 4.31%

Top individual income tax rate: 2.90%

Gasoline tax: 23 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

Correction: North Dakota ranked 17th in Infrastructure and 38th in Workforce in 2021. An earlier version of this state profile page misstated those rankings.

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