Top States for Business

9. Indiana

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Indiana Score and Ranking

CATEGORY 2025 SCORE 2025 RANK 2024 RANK 2025 GRADE
ECONOMY2411919C+
INFRASTRUCTURE25669A-
WORKFORCE1643314D+
COST OF DOING BUSINESS22435A+
BUSINESS FRIENDLINESS19154A-
QUALITY OF LIFE734849F
TECHNOLOGY & INNOVATION1481720C+
EDUCATION334646D-
ACCESS TO CAPITAL322214C
COST OF LIVING4625B+
OVERALL1408911

Economic Profile

Governor: Mike Braun, Republican

Population: 6,924,275

GDP growth (Q1 2025): -0.6%

Unemployment rate (May 2025): 3.7%

Top corporate tax rate: 4.9%

Top individual income tax rate: 3.05%

Gasoline tax: 70.90 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, Energy Information Administration (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

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