South Central Indiana USA
The Place to Grow Your Business

Cost of Doing Business in South Central Indiana

Business Taxes	Indiana	Illinois	Kentucky
Corporate State Income Tax
Due Per Net Taxable Income of $1,000,000	$85,000	$73,000	$77,625
Other Business Costs
Estimated Payroll Based on 100 Employees (Avg. Annual Wage) (January 2001)	$3,815,600	$4,534,300	$3,599,600
Average Mfg. Workers' Compensation Annual Tax Based on 100 Employees (September 2002)	$71,733	$165,502	$145,784
Average Unemployment Insurance Based on 100 Employees (August 2002)	$15,400	$36,300	$20,000
Total State Business Taxes
Including Corporate State Income Tax, Workers' Compensation and Unemployment Insurance	$172,133	$274,802	$243,409
Other State Data
Average Annual Wage, 2001 (Private Industry)	$38,156	$45,343	$35,996
Average Price of Electricity, Industrial Sector - cents/kWh	4.0	4.9	3.2
Average Annual Unemployment	5.1%	6.7%	6.2%

Business Taxes	Michigan	Ohio	Tennessee
Corporate State Income Tax
Due Per Net Taxable Income of $1,000,000 (2005)	$71,213	$83,800	$65,000
Other Business Costs
Estimated Payroll Based on 100 Employees (Avg. Annual Wage) (January 2001)	$4,612,100	$3,883,100	$3,894,000
Average Mfg. Workers' Compensation Annual Tax Based on 100 Employees (September 2002)	$197,398	$155,324	$166,274
Average Unemployment Insurance Based on 100 Employees (August 2002)	$34,200	$18,000	$19,600
Total State Business Taxes
Including Corporate State Income Tax, Workers' Compensation and Unemployment Insurance	$302,811	$257,124	$250,874
Other State Data
Average Annual Wage, 2001 (Private Industry)	$46,121	$38,831	$38,940
Average Price of Electricity, Industrial Sector - cents/kWh	4.7	4.7	4.3
Average Annual Unemployment, 2001	7.3%	6.1%	5.8%

Source: Indiana Economic Development Corporation