Top States for Business

17. Pennsylvania

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Pennsylvania Score and Ranking

CATEGORY 2022 SCORE 2022 RANK2021 RANK 2022 GRADE 
WORKFORCE2132822C
INFRASTRUCTURE2231213B
COST OF DOING BUSINESS1992228B+
ECONOMY1064541F
LIFE, HEALTH & INCLUSION1712233C-
TECHNOLOGY & INNOVATION175714A-
BUSINESS FRIENDLINESS972639D+
EDUCATION11755A-
ACCESS TO CAPITAL38912B+
COST OF LIVING193233D+
OVERALL13581723

Economic Profile

Governor: Tom Wolf, Democrat

Population: 12,964,056

GDP growth (Q1 2022): -2.0%

Unemployment rate (May 2022): 4.6%

Top corporate tax rate: 9.99%

Top individual income tax rate: 3.07%

Gasoline tax: 58.70 cents/gallon

Bond rating (Moody's/S&P): Aa3, stable/A+, 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