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

  • A globe-trotting look at the world of investing, from developed Europe and Asia trends to the least-traveled frontier markets.

  • Take an in-depth look at the world of modern medicine - examining the treatments, companies and people making a difference in the way we treat illness and injuries today, and laying the foundation for the medical treatments of tomorrow.

  • Watch investments

    Covering the full set of tools and strategies for long-term investors: How to take everyday market fluctuations in stride, and when to know it’s time to take action or protect against a major economic shifts.