Top States for Business 2023

32. Missouri

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Missouri Score and Ranking

CATEGORY 2023 SCORE 2023 RANK 2022 RANK 2023 GRADE
WORKFORCE1514949F
INFRASTRUCTURE2122110C+
ECONOMY2171617C+
LIFE, HEALTH & INCLUSION984546F
COST OF DOING BUSINESS22221A+
TECHNOLOGY & INNOVATION1353019C-
BUSINESS FRIENDLINESS892936C-
EDUCATION761127B+
ACCESS TO CAPITAL291729C+
COST OF LIVING4376A
OVERALL12723225

Economic Profile

Governor: Mike Parson, Republican

Population: 6,177,957

GDP growth (Q1 2023): 2.60%

Unemployment rate (May 2023): 2.50%

Top corporate tax rate: 4.00%

Top individual income tax rate: 4.95%

Gasoline tax: 38.32 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

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