Top States for Business

18. Delaware

Denistangneyjr | Istock | Getty Images

Delaware Score and Ranking

CATEGORY 2023 SCORE 2023 RANK 2022 RANK 2023 GRADE
WORKFORCE27545A
INFRASTRUCTURE2161920B-
ECONOMY2471022B
LIFE, HEALTH & INCLUSION2022124C+
COST OF DOING BUSINESS954237D
TECHNOLOGY & INNOVATION1492432C
BUSINESS FRIENDLINESS922626C-
EDUCATION474642D+
ACCESS TO CAPITAL242713C-
COST OF LIVING213036C-
OVERALL13681828

Economic Profile

Governor: John Carney, Democrat

Population: 1,018,396

GDP growth (Q1 2023): 1%

Unemployment rate (May 2023): 4.20%

Top corporate tax rate: 8.70%

Top individual income tax rate: 6.60%

Gasoline tax: 41.40 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 (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence