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Michigan Score and Ranking
| CATEGORY | 2025 SCORE | 2025 RANK | 2024 RANK | 2025 GRADE |
|---|---|---|---|---|
| ECONOMY | 244 | 18 | 38 | C+ |
| INFRASTRUCTURE | 231 | 15 | 24 | B |
| WORKFORCE | 207 | 13 | 18 | B- |
| COST OF DOING BUSINESS | 212 | 4 | 12 | A |
| QUALITY OF LIFE | 157 | 14 | 24 | C+ |
| TECHNOLOGY & INNOVATION | 148 | 17 | 9 | C+ |
| BUSINESS FRIENDLINESS | 164 | 14 | 8 | B+ |
| EDUCATION | 44 | 41 | 41 | C- |
| ACCESS TO CAPITAL | 40 | 13 | 15 | B- |
| COST OF LIVING | 39 | 9 | 3 | B- |
| OVERALL | 1486 | 6 | 9 |
Economic Profile
Governor: Gretchen Whitmer, Democrat
Population: 10,140,459
GDP growth (Q1 2025): 0.2%
Unemployment rate (May 2025): 5.4%
Top corporate tax rate: 6%
Top individual income tax rate: 4.25
Gasoline tax: 66.20 cents/gallon
Bond rating (Moody's/S&P): Aa1, Stable/AA, Stable
Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, Energy Information Administration (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
