Pennsylvania

23. Pennsylvania

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The Keystone State offers a rock-solid education system, but state finances are not exactly stable.

Economic Profile

Governor: Tom Wolf, Democrat

Population: 12,783,254

GDP growth (Q1 2021): 6%

Unemployment rate (May 2021): 6.9%

Top corporate tax rate: 9.99%

Top individual income tax rate: 3.07%

Gasoline tax: 58.70 cents/gallon

Bond rating (Moody's/S&P): Aa2, stable/A+, negative

Major private employers: Comcast

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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