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South Carolina Score and Ranking
| CATEGORY | 2024 SCORE | 2024 RANK | 2023 RANK | 2024 GRADE |
|---|---|---|---|---|
| INFRASTRUCTURE | 252 | 11 | 8 | A- |
| WORKFORCE | 210 | 17 | 31 | C- |
| ECONOMY | 226 | 12 | 7 | B- |
| QUALITY OF LIFE | 124 | 39 | 46 | D- |
| COST OF DOING BUSINESS | 190 | 10 | 13 | A- |
| TECHNOLOGY & INNOVATION | 119 | 28 | 37 | C- |
| BUSINESS FRIENDLINESS | 126 | 27 | 32 | C |
| EDUCATION | 60 | 28 | 27 | B- |
| ACCESS TO CAPITAL | 22 | 40 | 41 | D- |
| COST OF LIVING | 25 | 27 | 21 | C+ |
| OVERALL | 1354 | 19 | 27 |
Economic Profile
Governor: Henry McMaster, Republican
Population: 5,373,555
GDP growth (Q1 2024): 2.5%
Unemployment rate (May 2024): 3.4%
Top corporate tax rate: 5%
Top individual income tax rate: 6.4%
Gasoline tax: 45.15 cents/gallon
Bond rating (Moody's/S&P): Aaa, Stable/AA+, Stable
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 (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
