Fotosearch | Fotosearch | Getty Images
Iowa Score and Ranking
| CATEGORY | 2024 SCORE | 2024 RANK | 2023 RANK | 2024 GRADE |
|---|---|---|---|---|
| INFRASTRUCTURE | 234 | 22 | 26 | B |
| WORKFORCE | 198 | 27 | 23 | D+ |
| ECONOMY | 160 | 33 | 42 | D+ |
| QUALITY OF LIFE | 208 | 14 | 13 | B- |
| COST OF DOING BUSINESS | 171 | 17 | 20 | B+ |
| TECHNOLOGY & INNOVATION | 114 | 30 | 27 | D+ |
| BUSINESS FRIENDLINESS | 160 | 10 | 33 | B |
| EDUCATION | 61 | 26 | 26 | B- |
| ACCESS TO CAPITAL | 35 | 27 | 35 | C- |
| COST OF LIVING | 45 | 2 | 1 | A+ |
| OVERALL | 1386 | 14 | 23 |
Economic Profile
Governor: Kim Reynolds, Republican
Population: 3,207,004
GDP growth (Q1 2024): -3.3%
Unemployment rate (May 2024): 2.8%
Top corporate tax rate: 7.1%
Top individual income tax rate: 5.7%
Gasoline tax: 48.40 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, Iowa Department Department of Revenue, Federation of Tax Administrators, American Petroleum Institute (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
