Visionsofamerica/joe Sohm | Photodisc | Getty Images
Kentucky Score and Ranking
| CATEGORYÂ | 2022 SCOREÂ | 2022 RANK | 2021 RANKÂ | 2022 GRADEÂ |
|---|---|---|---|---|
| WORKFORCE | 232 | 17 | 45 | B- |
| INFRASTRUCTURE | 213 | 18 | 20 | B- |
| COST OF DOING BUSINESS | 235 | 6 | 6 | A |
| ECONOMY | 145 | 34 | 45 | D+ |
| LIFE, HEALTH & INCLUSION | 135 | 36 | 29 | D |
| TECHNOLOGY & INNOVATION | 136 | 22 | 38 | C+ |
| BUSINESS FRIENDLINESS | 65 | 42 | 41 | F |
| EDUCATION | 73 | 39 | 34 | D+ |
| ACCESS TO CAPITAL | 19 | 38 | 32 | D |
| COST OF LIVING | 34 | 17 | 18 | B |
| OVERALL | 1287 | 26 | 41 |
Economic Profile
Governor: Andy Beshear, Democrat
Population: 4,509,314
GDP growth (Q1 2022): -2.6%
Unemployment rate (May 2022): 3.8%
Top corporate tax rate: 5%
Top individual income tax rate: 5%
Gasoline tax: 26 cents/gallon
Bond rating (Moody's/S&P): Aa3, stable/A, positive
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.
