CNBC's 2022 study put all 50 states to the test, measuring them on more than 85 different metrics in 10 key categories of competitiveness.

36. South Carolina

Published Wed, Jul 13 20227:45 AM EDTUpdated Tue, Jun 6 202310:55 AM EDT

CNBC.com staff @CNBC

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South Carolina Score and Profile

CATEGORY	2022 SCORE	2022 RANK	2021 RANK	2021 GRADE
WORKFORCE	212	29	16	C
INFRASTRUCTURE	193	27	36	C-
COST OF DOING BUSINESS	187	28	31	B
ECONOMY	207	13	21	B-
LIFE, HEALTH & INCLUSION	83	47	39	F
TECHNOLOGY & INNOVATION	115	31	36	C-
BUSINESS FRIENDLINESS	101	23	27	C-
EDUCATION	85	29	36	C+
ACCESS TO CAPITAL	16	41	30	D-
COST OF LIVING	33	18	22	C+
OVERALL	1232	36	39

Economic Profile

Governor: Henry McMaster, Republican

Population: 5,190,705

GDP growth (Q1 2022): -1.1%

Unemployment rate (May 2022): 3.3%

Top corporate tax rate: 5%

Top individual income tax rate: 7%

Gasoline tax: 26.75 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 (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence