29. South Carolina

The economy is improving in the Palmetto State, but a poor education system limits progress.

George Kavallines | CNBC
2017 Rank
2016 Rank
Workforce 284 23 20
Infrastructure 174 30 (Tie) 21 (Tie)
Cost of Doing Business 218 16 19 (Tie)
Economy 191 15 (Tie) 24
Quality of Life 128 36 31
Technology & Innovation 91 35 32
Education 71 40 (Tie) 42
Business Friendliness 70 29 27 (Tie)
Access to Capital 43 28 29
Cost of Living 22 29 19
Overall 1292 29 27

Economic Profile

Governor: Henry McMaster, Republican

Population: 4,961,119

GDP growth (Q4 2016): 1.4 percent

Unemployment rate (May 2017): 4.1 percent

Top corporate tax rate: 5 percent

Top individual income tax rate: 7 percent

Gasoline tax: 16.75 cents/gallon

Bond rating/outlook (Moody's, S&P): Aaa, AA+ stable

Major private employers: Bi-Lo, SCANA

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

Latest Special Reports

  • Coverage of the World Economic Forum’s annual meeting in Davos, Switzerland.

  • senior couple on beach

    A fixed-income strategy is key for investors who are retired or are approaching retirement. This special report details the range of tools and strategies used to manage a fixed income portfolio.

  • These are the 2022 JUST 100 companies, a ranking of America’s largest publicly traded companies on ESG issues that define 'just' business behavior and reflect the priorities of the American public, produced in partnership with research nonprofit Just Capital.