Top States for Business

13. Indiana

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IndianaScore and Ranking

CATEGORY 2023 SCORE 2023 RANK 2022 RANK 2023 GRADE
WORKFORCE1973548D+
INFRASTRUCTURE25351A-
ECONOMY248910B
LIFE, HEALTH & INCLUSION1134443D-
COST OF DOING BUSINESS21252A
TECHNOLOGY & INNOVATION1512223C+
BUSINESS FRIENDLINESS1002218C
EDUCATION494535D+
ACCESS TO CAPITAL331313B-
COST OF LIVING4539A+
OVERALL14011314

Economic Profile

Governor: Eric Holcomb, Republican 

Population: 6,883,037

GDP growth (Q1 2023): 1%

Unemployment rate (May 2023): 3.10%

Top corporate tax rate: 4.90%

Top individual income tax rate: 3.15%

Gasoline tax: 68.19 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