Benkrut | Istock | Getty Images
Illinois Score and Ranking
| CATEGORY | 2024 SCORE | 2024 RANK | 2023 RANK | 2024 GRADE |
|---|---|---|---|---|
| INFRASTRUCTURE | 265 | 6 | 2 | A |
| WORKFORCE | 180 | 37 | 28 | D- |
| ECONOMY | 133 | 42 | 33 | D- |
| QUALITY OF LIFE | 186 | 22 | 17 | C+ |
| COST OF DOING BUSINESS | 125 | 32 | 32 | C |
| TECHNOLOGY & INNOVATION | 189 | 6 | 14 | A |
| BUSINESS FRIENDLINESS | 119 | 33 | 39 | C- |
| EDUCATION | 81 | 4 | 2 | A |
| ACCESS TO CAPITAL | 66 | 4 | 6 | A- |
| COST OF LIVING | 40 | 5 | 9 | A- |
| OVERALL | 1384 | 15 | 17 |
Economic Profile
Governor: JB Pritzker, Democrat
Population: 12,549,689
GDP growth (Q1 2024): -1.3%
Unemployment rate (May 2024): 4.9%
Top corporate tax rate: 9.5%
Top individual income tax rate: 4.95%
Gasoline tax: 78 cents/gallon
Bond rating (Moody's/S&P): A3, Stable/A-, 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 (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
