Ryan C. Hermens | Lexington Herald-Leader | Getty Images
Kentucky Score and Ranking
| CATEGORY | 2023 SCORE | 2023 RANK | 2022 RANK | 2023 GRADE |
|---|---|---|---|---|
| WORKFORCE | 202 | 33 | 17 | C- |
| INFRASTRUCTURE | 204 | 29 | 18 | C+ |
| ECONOMY | 186 | 25 | 34 | C |
| LIFE, HEALTH & INCLUSION | 144 | 36 | 36 | D+ |
| COST OF DOING BUSINESS | 199 | 10 | 6 | A |
| TECHNOLOGY & INNOVATION | 94 | 41 | 22 | D- |
| BUSINESS FRIENDLINESS | 66 | 40 | 42 | D- |
| EDUCATION | 60 | 36 | 39 | C+ |
| ACCESS TO CAPITAL | 15 | 45 | 38 | D- |
| COST OF LIVING | 33 | 17 | 17 | B |
| OVERALL | 1203 | 38 | 26 |
Economic Profile
Governor: Andy Beshear, Democrat
Population: 4,512,310
GDP growth (Q1 2023): 3%
Unemployment rate (May 2023): 3.80%
Top corporate tax rate: 5.0%
Top individual income tax rate: 4.50%
Gasoline tax: 44.4 cents/gallon
Bond rating (Moody's/S&P): Aa3, Stable/A+, 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
