Top States 2019 – 4. Utah

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Economic Profile

Governor: Gary Herbert, Republican

Population: 3,161,105

GDP growth (Q4 2018): 1.8%

Unemployment rate (May 2019): 2.9%

Top corporate tax rate: 4.95%

Top individual income tax rate: 5%

Gasoline tax: 30.01 cents/gallon

Bond rating (Moody’s/S&P): Aaa, stable/AAA, stable

Major private employers: Intermountain Health Care, Extra Space Storage

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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