Pierre Longnus | The Image Bank | Getty Images
Utah Score and Ranking
| CATEGORY | 2023 SCORE | 2023 RANK | 2022 RANK | 2023 GRADE |
|---|---|---|---|---|
| WORKFORCE | 264 | 6 | 8 | A- |
| INFRASTRUCTURE | 204 | 29 | 32 | C+ |
| ECONOMY | 278 | 6 | 6 | B+ |
| LIFE, HEALTH & INCLUSION | 138 | 38 | 29 | D+ |
| COST OF DOING BUSINESS | 164 | 22 | 17 | B |
| TECHNOLOGY & INNOVATION | 150 | 23 | 26 | C+ |
| BUSINESS FRIENDLINESS | 134 | 7 | 10 | A- |
| EDUCATION | 52 | 44 | 41 | C- |
| ACCESS TO CAPITAL | 27 | 23 | 12 | C |
| COST OF LIVING | 14 | 39 | 25 | D |
| OVERALL | 1425 | 9 | 8 | |
Economic Profile
Governor: Spencer Cox, Republican
Population: 3,380,800
GDP growth (Q1 2023): 1.70%
Unemployment rate (May 2023): 2.30%
Top corporate tax rate: 4.65%
Top individual income tax rate: 4.85%
Gasoline tax: 50.31 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
