Top States for Business

17. Pennsylvania

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Pennsylvania Score and Ranking

CATEGORY 2025 SCORE 2025 RANK 2024 RANK 2025 GRADE
ECONOMY2531634C+
INFRASTRUCTURE2241720B-
WORKFORCE1573735D+
COST OF DOING BUSINESS1532527B-
BUSINESS FRIENDLINESS1074041C-
QUALITY OF LIFE1432325C
TECHNOLOGY & INNOVATION16697B+
EDUCATION63123B
ACCESS TO CAPITAL4695B+
COST OF LIVING38127B-
OVERALL13501717

Economic Profile

Governor: Josh Shapiro, Democrat

Population: 13,078,751

GDP growth (Q1 2025): 0.3%

Unemployment rate (May 2025): 3.9%

Top corporate tax rate: 7.99%

Top individual income tax rate: 3.07%

Gasoline tax: 77.10 cents/gallon

Bond rating (Moody's/S&P): Aa2, Stable/A+, Positive

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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