Elizabeth Fernandez | Moment | Getty Images
Minnesota Score and Ranking
| CATEGORY | 2026 SCORE | 2026 RANK | 2025 RANK | 2026 GRADE |
|---|---|---|---|---|
| INFRASTRUCTURE | 285 | 7 | 5 | A- |
| ECONOMY | 278 | 8 | 28 | A- |
| WORKFORCE | 181 | 27 | 30 | C- |
| QUALITY OF LIFE | 210 | 4 | 4 | A |
| COST OF DOING BUSINESS | 135 | 31 | 34 | C+ |
| TECHNOLOGY & INNOVATION | 153 | 14 | 14 | B+ |
| BUSINESS FRIENDLINESS | 129 | 16 | 21 | C+ |
| ACCESS TO CAPITAL | 57 | 21 | 18 | C |
| EDUCATION | 64 | 10 | 12 | B+ |
| COST OF LIVING | 27 | 22 | 33 | C+ |
| OVERALL | 1519 | 5 | 10 |
Economic Profile
Governor: Tim Walz, Democrat
Population: 5,830,405
GDP growth (Q1 2026): 0.30%
Unemployment rate (May 2026): 4.40%
Top corporate tax rate: 9.80%
Top individual income tax rate: 9.85%
Gasoline tax: 51.10 cents/gallon
Bond rating (Moody's/S&P): Aaa, Stable/AAA, 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
