The South Carolina -- US income gap analysis of data

Abstract

How does the South Carolina’s actual standard of living compare to the remainder of the nation? Is comparing personal income across states with different costs of living a reliable gauge of economic wellbeing? To the extent that South Carolina falls behind the nation economically, what are the weaknesses causing it to do so, and what are its strengths that might lead the state to close this gap? These questions were addressed in the following report with the intent of finding answers and identifying a direction of future research.