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Minnesota Score and RankingCATEGORY 2026 SCORE 2026 RANK 2025 RANK 2026 GRADE INFRASTRUCTURE28575A-ECONOMY278828A-WORKFORCE1812730C-QUALITY OF LIFE21044ACOST OF DOING BUSINESS1353134C+TECHNOLOGY & INNOVATION1531414B+BUSINESS FRIENDLINESS1291621C+ACCESS TO CAPITAL572118CEDUCATION641012B+COST OF LIVING272233C+OVERALL1519510Economic 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
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