America's Top State for Business offers a wealth of talent and inclusion, but you will pay dearly to live there.
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Virginia Score and Ranking
| Category | 2021 Score | 2021 Rank | 2019 Rank | 2021 Grade |
|---|---|---|---|---|
| Cost of Doing Business | 220 | 26 | 35 | B- |
| Infrastructure | 191 | 24 | 13 | C+ |
| Life, Health & Inclusion | 245 | 11 | -- | B |
| Workforce | 244 | 3 | 1 | A |
| Economy | 158 | 13 | 16 | B+ |
| Business Friendliness | 137 | 11 | 3 | B+ |
| Access to Capital | 140 | 9 | 15 | B+ |
| Technology & Innovation | 104 | 16 | 17 | B- |
| Education | 119 | 2 | 1 | A+ |
| Cost of Living | 29 | 32 | 32 | D+ |
| Total | 1587 | 1 | 1 | -- |
Economic Profile
Governor: Ralph Northam, Democrat
Population: 8,590,563
GDP growth (Q1 2021): 6.0%
Unemployment rate (May 2021): 4.5%
Top corporate tax rate: 6%
Top individual income tax rate: 5.75%
Gasoline tax: 29.40 cents/gallon
Bond rating (Moody's/S&P): Aaa, stable/AAA, stable
Major private employers: Wal-Mart, Huntington Ingalls Industries, Altria Group
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 (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
