Raclro | Istock | Getty Images
Utah Score and Ranking
| CATEGORY | 2025 SCORE | 2025 RANK | 2024 RANK | 2025 GRADE |
|---|---|---|---|---|
| ECONOMY | 279 | 8 | 6 | B |
| INFRASTRUCTURE | 245 | 9 | 4 | B+ |
| WORKFORCE | 215 | 9 | 16 | B |
| COST OF DOING BUSINESS | 147 | 28 | 26 | C+ |
| BUSINESS FRIENDLINESS | 174 | 10 | 12 | B+ |
| QUALITY OF LIFE | 87 | 46 | 30 | F |
| TECHNOLOGY & INNOVATION | 125 | 27 | 32 | D+ |
| EDUCATION | 36 | 44 | 43 | D |
| ACCESS TO CAPITAL | 33 | 20 | 28 | C |
| COST OF LIVING | 28 | 31 | 41 | C- |
| OVERALL | 1369 | 16 | 13 |
Economic Profile
Governor: Spencer Cox, Republican
Population: 3,503,613
GDP growth (Q1 2025): 0.5%
Unemployment rate (May 2025): 3.2%
Top corporate tax rate: 4.55%
Top individual income tax rate: 4.55%
Gasoline tax: 57.55 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
