Top States for Business

21. Oregon

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Oregon Score and Ranking

CATEGORY 2023 SCORE 2023 RANK 2022 RANK 2023 GRADE
WORKFORCE238149B-
INFRASTRUCTURE1913233C-
ECONOMY1852615C
LIFE, HEALTH & INCLUSION24868B+
COST OF DOING BUSINESS1243134C
TECHNOLOGY & INNOVATION199913A-
BUSINESS FRIENDLINESS604346F
EDUCATION673032B-
ACCESS TO CAPITAL282026C+
COST OF LIVING64846F
OVERALL13462118

Economic Profile

Governor: Tina Kotek, Democrat

Population: 4,240,137

GDP growth (Q1 2023): 3.80%

Unemployment rate (May 2023): 3.70%

Top corporate tax rate: 7.60%

Top individual income tax rate: 9.90%

Gasoline tax: 57.23 cents/gallon

Bond rating (Moody's/S&P): Aa1, 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