Top States for Business

41. Oklahoma

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Oklahoma Score and Ranking

CATEGORY 2023 SCORE 2023 RANK 2022 RANK 2023 GRADE
WORKFORCE1933635D+
INFRASTRUCTURE2142026B-
ECONOMY1723034C-
LIFE, HEALTH & INCLUSION754948F
COST OF DOING BUSINESS22032A+
TECHNOLOGY & INNOVATION1103830D
BUSINESS FRIENDLINESS1012114C+
EDUCATION394847D-
ACCESS TO CAPITAL262522C
COST OF LIVING44514A+
OVERALL11944138

Economic Profile

Governor: Kevin Stitt, Republican

Population: 4,019,800

GDP growth (Q1 2023): 2.50%

Unemployment rate (May 2023): 2.80%

Top corporate tax rate: 4.0%

Top individual income tax rate: 4.75%

Gasoline tax: 38.40 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 (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence