Paul Souders | Stone | Getty Images
Texas Score and Ranking
| CATEGORY | 2024 SCORE | 2024 RANK | 2023 RANK | 2024 GRADE |
|---|---|---|---|---|
| INFRASTRUCTURE | 224 | 26 | 24 | B- |
| WORKFORCE | 297 | 1 | 2 | A+ |
| ECONOMY | 292 | 2 | 2 | A |
| QUALITY OF LIFE | 75 | 50 | 50 | F |
| COST OF DOING BUSINESS | 197 | 6 | 16 | A- |
| TECHNOLOGY & INNOVATION | 207 | 1 | 8 | A+ |
| BUSINESS FRIENDLINESS | 144 | 17 | 25 | C+ |
| EDUCATION | 58 | 35 | 35 | B- |
| ACCESS TO CAPITAL | 63 | 6 | 1 | A- |
| COST OF LIVING | 20 | 37 | 22 | C- |
| OVERALL | 1577 | 3 | 6 |
Economic Profile
Governor: Greg Abbott, Republican
Population: 30,503,301
GDP growth (Q1 2024): 2.5%
Unemployment rate (May 2024): 4%
Top corporate tax rate: None
Top individual income tax rate: None
Gasoline tax: 38.40 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, Federation of Tax Administrators, American Petroleum Institute (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
