Illinois Ranks Sixth Most Expensive State for Small Businesses 

SPRINGFIELD – Illinois is #6 on a list of the most expensive states to keep a small business open. Bridge Point Business Brokers compared office rent, minimum wage, commercial electricity prices, top individual income tax rates, effective property tax rates, workers’ compensation costs, internet costs and combined sales tax rates across 48 states. Illinois was the only Midwest state in the top ten and tied New Jersey for the highest property tax rate. Missouri was #14, Wisconsin #31, Indiana #43, Iowa #45 and Kentucky #46. Wyoming was the least expensive state to keep a small business open at #48.