Top States for Business

4. Texas

Manuel Augusto Moreno | Moment | Getty Images

Texas Score and Ranking

CATEGORY 2026 SCORE 2026 RANK 2025 RANK 2026 GRADE
INFRASTRUCTURE2591226B-
ECONOMY30222A
WORKFORCE27611A+
QUALITY OF LIFE784949F
COST OF DOING BUSINESS20055A-
TECHNOLOGY & INNOVATION18032A+
BUSINESS FRIENDLINESS1212317C
ACCESS TO CAPITAL10122A+
EDUCATION463224C
COST OF LIVING233039C
OVERALL158642

Economic Profile

Governor: Greg Abbott, Republican

Population: 31,709,821

GDP growth (Q1 2026): 0.90%

Unemployment rate (May 2026): 4.30%

Top corporate tax rate: None

Top individual income tax rate: None

Gasoline tax: 38.40 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

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