Costs are low, but poor health care and non-inclusive state laws are part of the bargain.
Economic Profile
Governor: Kay Ivey, Republican
Population: 4,921,532
GDP growth (Q1 2021): 6.8%
Unemployment rate (May 2021): 3.4%
Top corporate tax rate: 6.5%
Money Report
Top individual income tax rate: 5%
Gasoline tax: 29.21 cents/gallon
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Bond rating: (Moody's/S&P): Aa1, stable/AA, stable
Major private employers: Wal-Mart, Regions Bank, Vulcan Materials Company
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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