Top States for Business

13. Illinois

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Illinois Score and Ranking

CATEGORY 2025 SCORE 2025 RANK 2024 RANK 2025 GRADE
ECONOMY1884442D-
INFRASTRUCTURE25086B+
WORKFORCE1931937C+
COST OF DOING BUSINESS1701932B
BUSINESS FRIENDLINESS1113833C-
QUALITY OF LIFE1432322C
TECHNOLOGY & INNOVATION16966B+
EDUCATION7434A
ACCESS TO CAPITAL5354A-
COST OF LIVING26345D+
OVERALL13771315

Economic Profile

Governor: JB Pritzker, Democrat

Population: 12,710,158

GDP growth (Q1 2025): -2.2%

Unemployment rate (May 2025): 4.8%

Top corporate tax rate: 9.5%

Top individual income tax rate: 4.95%

Gasoline tax: 84.5 cents/gallon

Bond rating (Moody's/S&P): A3, Positive/A-, Stable

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, Energy Information Administration (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

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