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Tennessee Score and Ranking
| CATEGORY | 2025 SCORE | 2025 RANK | 2024 RANK | 2025 GRADE |
|---|---|---|---|---|
| ECONOMY | 239 | 21 | 3 | C |
| INFRASTRUCTURE | 245 | 9 | 7 | B+ |
| WORKFORCE | 214 | 10 | 8 | B |
| COST OF DOING BUSINESS | 199 | 10 | 7 | A- |
| BUSINESS FRIENDLINESS | 198 | 3 | 19 | A |
| QUALITY OF LIFE | 61 | 50 | 45 | F |
| TECHNOLOGY & INNOVATION | 138 | 24 | 28 | C |
| EDUCATION | 59 | 18 | 20 | B- |
| ACCESS TO CAPITAL | 26 | 28 | 20 | D+ |
| COST OF LIVING | 36 | 18 | 24 | C+ |
| OVERALL | 1415 | 8 | 8 |
Economic Profile
Governor: Bill Lee, Republican
Population: 7,227,750
GDP growth (Q1 2025): -1.2%
Unemployment rate (May 2025): 3.5%
Top corporate tax rate: 6.5%
Top individual income tax rate: None
Gasoline tax: 45.80 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
