Top States for Business

24. Iowa

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Iowa Score and Ranking 2025

CATEGORY 2025 SCORE 2025 RANK 2024 RANK 2025 GRADE
ECONOMY2003933D+
INFRASTRUCTURE2211922B-
WORKFORCE1504127D
COST OF DOING BUSINESS1981117A-
BUSINESS FRIENDLINESS1432410B-
QUALITY OF LIFE1561614C+
TECHNOLOGY & INNOVATION1232930D+
EDUCATION483826C
ACCESS TO CAPITAL193727D-
COST OF LIVING3992B-
OVERALL12972414

Economic Profile

Governor: Kim Reynolds, Republican

Population: 3,241,488

GDP growth (Q1 2025): -6.1%

Unemployment rate (May 2025): 3.6%

Top corporate tax rate: 7.10%

Top individual income tax rate: 3.80%

Gasoline tax: 48.40 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, Energy Information Administration (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

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