Top States for Business

26. Idaho

Knowlesgallery | Istock | Getty Images

Idaho Score and Ranking

CATEGORY 2023 SCORE 2023 RANK 2022 RANK 2023 GRADE
WORKFORCE2242040C+
INFRASTRUCTURE1703842D
ECONOMY25285B
LIFE, HEALTH & INCLUSION1523320D+
COST OF DOING BUSINESS1722115B
TECHNOLOGY & INNOVATION1412534C
BUSINESS FRIENDLINESS118143B
EDUCATION404748D-
ACCESS TO CAPITAL223034D+
COST OF LIVING134031D-
OVERALL13042620

Economic Profile

Governor: Brad Little, Republican

Population: 1,939,033

GDP growth (Q1 2023): 3.80%

Unemployment rate (May 2023): 2.60%

Top corporate tax rate: 5.80%

Top individual income tax rate: 5.80%

Gasoline tax: 51.40 cents/gallon

Bond rating (Moody's/S&P): Aaa, 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 (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence