Illinois

15. Illinois

The Land of Lincoln's infrastructure is best. But the state's finances, while showing signs of improvement, are troubled.

Economic Profile

Governor: J.B. Pritzker, Democrat

Population: 12,587,530

GDP growth (Q1 2021): 6.4%

Unemployment rate (May 2021): 7.1 %

Top corporate tax rate: 9.5%

Top individual income tax rate: 4.95%

Gasoline tax: 52.16 cents/gallon

Bond rating (Moody's/S&P): Baa2, stable/BBB, stable

Major private employers: McDonald's Corp.

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 (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

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