30. South Carolina

The economy is thriving in the Palmetto State, but poor health care is sapping this state’s Southern charm.

A BMW X6 moves through the assembly line inside the Bayerische Motoren Werke (BMW) factory in Greer, South Carolina.
Fred Rollison | Bloomberg | Getty Images
A BMW X6 moves through the assembly line inside the Bayerische Motoren Werke (BMW) factory in Greer, South Carolina.
Category
Score
2018 Rank
2017 Rank
Grade
Workforce 239 21 23 B
Infrastructure 189 35 30 (Tie) C
Cost of Doing Business 217 17 16 A-
Economy 182 17 15 (Tie) B-
Quality of Life 111 42 36 F
Technology & Innovation 104 31 35 C-
Education 101 26 40 (Tie) C
Business Friendliness 72 28 29 C
Access to Capital 43 28 28 C-
Cost of Living 24 27 29 C
Overall 1282 30 29 -

Economic Profile

Governor: Henry McMaster, Republican

Population: 5,024,369

GDP growth (Q4 2017): 3.0 percent

Unemployment rate (May 2018): 4.0 percent

Top corporate tax rate: 5 percent

Top individual income tax rate: 7 percent

Gasoline tax: 20.75 cents/gallon

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

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