Top States for Business

40. West Virginia

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West Virginia Score and Ranking

CATEGORY 2025 SCORE 2025 RANK 2024 RANK 2025 GRADE
ECONOMY1954228D+
INFRASTRUCTURE1644345D
WORKFORCE1444347D-
COST OF DOING BUSINESS158243B-
BUSINESS FRIENDLINESS1631517B
QUALITY OF LIFE1422531C
TECHNOLOGY & INNOVATION924447F
EDUCATION591810B-
ACCESS TO CAPITAL174150F
COST OF LIVING5811A+
OVERALL11924040

Economic Profile

Governor: Patrick Morissey, Republican

Population: 1,769,979

GDP growth (Q1 2025): -2.3%

Unemployment rate (May 2025): 3.8%

Top corporate tax rate: 6.5%

Top individual income tax rate: 4.82%

Gasoline tax: 54.10 cents/gallon

Bond rating (Moody's/S&P): Aa2, Stable/AA-, 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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