With powerful growth, the Beehive State's economy is buzzing. But health-care resources are uneven.
Getty Images
Utah Score and Ranking
| Category | 2021 Score | 2021 Rank | 2019 Rank | 2021 Grade |
|---|---|---|---|---|
| Cost of Doing Business | 232 | 22 | 18 | B |
| Infrastructure | 232 | 7 | 17 | B+ |
| Life, Health & Inclusion | 191 | 27 | -- | C- |
| Workforce | 195 | 17 | 18 | C+ |
| Economy | 188 | 3 | 3 | A+ |
| Business Friendliness | 140 | 10 | 13 | B+ |
| Access to Capital | 121 | 17 | 19 | B- |
| Technology & Innovation | 100 | 19 | 21 | B- |
| Education | 82 | 26 | 20 | C+ |
| Cost of Living | 38 | 26 | 25 | C |
| Overall | 1519 | 3 | 4 |
Economic Profile
Governor: Spencer Cox, Republican
Population: 3,249,879
GDP growth (Q1 2021): 9.2%
Unemployment rate (May 2021): 2.7%
Top corporate tax rate: 4.95%
Top individual income tax rate: 4.95%
Gasoline tax: 31.41 cents/gallon
Bond rating (Moody's/S&P): Aaa, stable/AAA, stable
Major private employers: Intermountain Health Care, Extra Space Storage
Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
