Visionsofamerica/joe Sohm | Photodisc | Getty Images
Kentucky Score and Ranking
| CATEGORY | 2024 SCORE | 2024 RANK | 2023 RANK | 2024 GRADE |
|---|---|---|---|---|
| INFRASTRUCTURE | 220 | 27 | 29 | B- |
| WORKFORCE | 225 | 11 | 33 | C+ |
| ECONOMY | 132 | 45 | 25 | D- |
| QUALITY OF LIFE | 142 | 32 | 36 | D+ |
| COST OF DOING BUSINESS | 212 | 4 | 10 | A |
| TECHNOLOGY & INNOVATION | 84 | 40 | 41 | F |
| BUSINESS FRIENDLINESS | 148 | 16 | 40 | B- |
| EDUCATION | 64 | 22 | 36 | B |
| ACCESS TO CAPITAL | 30 | 32 | 45 | D+ |
| COST OF LIVING | 34 | 11 | 17 | B+ |
| OVERALL | 1291 | 27 | 38 |
Economic Profile
Governor: Andy Beshear, Democrat
Population: 4,526,154
GDP growth (Q1 2024): 0.5%
Unemployment rate (May 2024): 4.6%
Top corporate tax rate: 5%
Top individual income tax rate: 4%
Gasoline tax: 44.40 cents/gallon
Bond rating (Moody's/S&P): Aa3, Positive/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
