Chicago, Illinois
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Category Score 2013 Rank 2012 Rank
Cost of Doing Business1214426
Workforce1372932
Quality of Life1373031
Infrastructure & Transportation225516
Economy1614545
Education832217
Technology & Innovation24554
Business Friendliness633646
Cost of Living282318
Access to Capital132511
Overall12133726

ECONOMIC PROFILE

Governor: Pat Quinn (D)

Population: 12,875,255

GDP growth: 1.9 percent

Unemployment rate (May 2013): 9.1 percent

Top corporate rate: 9.5 percent

Top individual tax rate: 5 percent of federal adjusted gross income with modification

Gasoline tax: 39.1 cents/gallon

Bond rating/outlook: A3/negative

Major private employers: Allstate Insurance Company, State Farm Insurance Company, Abbott Laboratories, University of Illinois, University of Chicago, Rush University Medical Center, Loyola University Hospital, Evanston Hospital, Walgreen Co., Advocate Christ Medical Center, Children's Hospital-Illinois, John H. Stroger Jr. Hospital, Northern Trust, Northwestern Memorial Hospital, Sears Holdings Corp.

Economic profile sources: American Petroleum Institute (April 2013), Bureau of Economic Analysis (2012), Bureau of Labor Statistics (May 2013 release), CareerOneStop, Moody's Investors Service (senior-most tax-backed ratings), National Governors Association, Tax Foundation (2013), U.S. Census Bureau (2012 estimate)