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South Carolina Score and Ranking
| CATEGORY | 2025 SCORE | 2025 RANK | 2024 RANK | 2025 GRADE |
|---|---|---|---|---|
| ECONOMY | 274 | 10 | 12 | B- |
| INFRASTRUCTURE | 218 | 21 | 11 | C+ |
| WORKFORCE | 208 | 12 | 17 | B- |
| COST OF DOING BUSINESS | 147 | 28 | 10 | C+ |
| BUSINESS FRIENDLINESS | 138 | 28 | 27 | C+ |
| QUALITY OF LIFE | 99 | 39 | 39 | D- |
| TECHNOLOGY & INNOVATION | 141 | 21 | 28 | C+ |
| EDUCATION | 62 | 14 | 28 | B |
| ACCESS TO CAPITAL | 25 | 30 | 40 | D+ |
| COST OF LIVING | 37 | 16 | 27 | B- |
| OVERALL | 1349 | 18 | 19 |
Economic Profile
Governor: Henry McMaster, Republican
Population: 5,478,831
GDP growth (Q1 2025): 1.7%
Unemployment rate (May 2025): 4.1%
Top corporate tax rate: 5%
Top individual income tax rate: 6.2%
Gasoline tax: 47.15 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, Energy Information Administration (including 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence
