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Arizona Score and Ranking
| CATEGORY | 2024 SCORE | 2024 RANK | 2023 RANK | 2024 GRADE |
|---|---|---|---|---|
| INFRASTRUCTURE | 276 | 2 | 7 | A+ |
| WORKFORCE | 257 | 6 | 3 | B+ |
| ECONOMY | 255 | 5 | 15 | B+ |
| QUALITY OF LIFE | 119 | 41 | 35 | D- |
| COST OF DOING BUSINESS | 129 | 31 | 33 | C |
| TECHNOLOGY & INNOVATION | 146 | 21 | 18 | B- |
| BUSINESS FRIENDLINESS | 132 | 26 | 13 | C+ |
| EDUCATION | 36 | 47 | 42 | D+ |
| ACCESS TO CAPITAL | 46 | 18 | 17 | C+ |
| COST OF LIVING | 20 | 37 | 40 | C- |
| OVERALL | 1416 | 12 | 14 |
Economic Profile
Governor: Katie Hobbs, Democrat
Population: 7,431,344
GDP growth (Q1 2024): 3.2%
Unemployment rate (May 2024): 3.4%
Top corporate tax rate: 4.9%
Top individual income tax rate: 2.5%
Gasoline tax: 37.40 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, American Petroleum Institute including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
