America's Top State for Business offers a wealth of talent and inclusion, but you will pay dearly to live there.
Economic Profile
Governor: Ralph Northam, Democrat
Population: 8,590,563
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GDP growth (Q1 2021): 6.0%
Unemployment rate (May 2021): 4.5%
Top corporate tax rate: 6%
Money Report
Top individual income tax rate: 5.75%
Gasoline tax: 29.40 cents/gallon
Bond rating (Moody's/S&P): Aaa, stable/AAA, stable
Major private employers: Wal-Mart, Huntington Ingalls Industries, Altria Group
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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