Joe Sohm | Getty Images
Rhode Island Score and Ranking
| CATEGORY | 2024 SCORE | 2024 RANK | 2023 RANK | 2024 GRADE |
|---|---|---|---|---|
| INFRASTRUCTURE | 204 | 32 | 44 | C+ |
| WORKFORCE | 203 | 22 | 19 | D+ |
| ECONOMY | 133 | 42 | 48 | D- |
| QUALITY OF LIFE | 206 | 15 | 12 | B- |
| COST OF DOING BUSINESS | 79 | 46 | 46 | D- |
| TECHNOLOGY & INNOVATION | 140 | 23 | 25 | C+ |
| BUSINESS FRIENDLINESS | 82 | 45 | 37 | D |
| EDUCATION | 45 | 43 | 41 | C- |
| ACCESS TO CAPITAL | 23 | 39 | 29 | D- |
| COST OF LIVING | 12 | 42 | 43 | D- |
| OVERALL | 1127 | 44 | 45 |
Economic Profile
Governor: Dan McKee, Democrat
Population: 1,095,962
GDP growth (Q1 2024): 3%
Unemployment rate (May 2024): 4.3%
Top corporate tax rate: 7%
Top individual income tax rate: 5.99%
Gasoline tax: 53.40 cents/gallon
Bond rating (Moody's/S&P): Aa2, Stable/AA, 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
