Top States for Business

44. West Virginia

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West Virginia Score and Ranking

CATEGORY  2022 SCORE  2022 RANK 2021 RANK  2021 GRADE 
WORKFORCE1774344D
INFRASTRUCTURE1554241D-
COST OF DOING BUSINESS2251021A
ECONOMY1343935D
LIFE, HEALTH & INCLUSION1463422D+
TECHNOLOGY & INNOVATION614949F
BUSINESS FRIENDLINESS534946F
EDUCATION684445D+
ACCESS TO CAPITAL193847D
COST OF LIVING43815B+
OVERALL10814447

Economic Profile

Governor: Jim Justice, Republican

Population: 1,782,959

GDP growth (Q1 2022): -6.1%

Unemployment rate (May 2022): 3.5%

Top corporate tax rate: 6.5%

Top individual income tax rate: 6.5%

Gasoline tax: 35.70 cents/gallon

Bond rating (Moody's/S&P): Aa2, 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

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