Sunday, February 5, 2023

19. Indiana

Low cost and great infrastructure come together in the Crossroads of America, but the state loses on health care.

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Indiana Score and Ranking

Category 2021 Score 2021 Rank 2019 Rank 2021 Grade
Cost of Doing Business 263 9 4 A-
Infrastructure 246 3 1 A-
Life, Health & Inclusion 130 41 F
Workforce 126 43 29 F
Economy 144 21 17 B-
Business Friendliness 136 12 4 B+
Access to Capital 96 24 21 C
Technology & Innovation 91 25 30 C+
Education 69 36 32 D+
Cost of Living 62 10 9 A-
Overall 1363 19 11

Economic Profile

Governor: Eric Holcomb, Republican

Population: 6,754,953

GDP growth (Q1 2021): 6.8%

Unemployment rate (May 2021): 4%

Top corporate tax rate: 5.25%

Top individual income tax rate: 3.23%

Gasoline tax: 42.16 cents/gallon

Bond rating (Moody's/S&P): Aaa, stable/AAA, stable

Major private employers: Wal-Mart, St. Vincent Health, Eli Lilly and Company

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

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