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Illinois Score and Ranking
| CATEGORYÂ | 2022 SCOREÂ | 2022 RANK | 2021 RANKÂ | 2021 GRADEÂ |
|---|---|---|---|---|
| WORKFORCE | 215 | 26 | 19 | C |
| INFRASTRUCTURE | 256 | 3 | 1 | A |
| COST OF DOING BUSINESS | 169 | 31 | 29 | B- |
| ECONOMY | 111 | 44 | 48 | F |
| LIFE, HEALTH & INCLUSION | 167 | 23 | 24 | C- |
| TECHNOLOGY & INNOVATION | 172 | 8 | 13 | A- |
| BUSINESS FRIENDLINESS | 72 | 40 | 48 | F |
| EDUCATION | 112 | 6 | 10 | A- |
| ACCESS TO CAPITAL | 39 | 8 | 3 | B+ |
| COST OF LIVING | 31 | 20 | 21 | B- |
| OVERALL | 1344 | 19 | 15 |
Economic Profile
Governor: J.B. Pritzker, Democrat
Population: 12,671,469
GDP growth (Q1 2022): -2.5%
Unemployment rate (May 2022): 4.6 %
Top corporate tax rate: 9.5%
Top individual income tax rate: 4.95%
Gasoline tax: 59.60 cents/gallon
Bond rating (Moody's/S&P): Baa1, stable/BBB+, stable
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
