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Iowa Score and Ranking
| CATEGORY | 2023 SCORE | 2023 RANK | 2022 RANK | 2023 GRADE |
|---|---|---|---|---|
| WORKFORCE | 216 | 23 | 20 | C |
| INFRASTRUCTURE | 205 | 26 | 37 | C+ |
| ECONOMY | 141 | 42 | 17 | D |
| LIFE, HEALTH & INCLUSION | 229 | 13 | 10 | B- |
| COST OF DOING BUSINESS | 173 | 20 | 19 | B |
| TECHNOLOGY & INNOVATION | 140 | 27 | 18 | C |
| BUSINESS FRIENDLINESS | 83 | 33 | 28 | D+ |
| EDUCATION | 71 | 26 | 24 | B |
| ACCESS TO CAPITAL | 20 | 35 | 29 | D+ |
| COST OF LIVING | 47 | 1 | 7 | A+ |
| OVERALL | 1325 | 23 | 12 |
Economic Profile
Governor: Kim Reynolds, Republican
Population: 3,200,517
GDP growth (Q1 2023): 5.20%
Unemployment rate (May 2023): 2.70%
Top corporate tax rate: 8.40%
Top individual income tax rate: 6.00%
Gasoline tax: 48.40 cents/gallon
Bond rating (Moody's/S&P): Aaa, Stable/AAA, StableÂ
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
