Facts & Statistics
STATE STATISTICS | |
Population 2023 | 5,373,555 |
Population 2022 |
5,282,634 |
Population 2021 | 5,193,266 |
Population 2020 |
5,218,040 |
Population 2019 | 5,157,702 |
Population 2018 |
5,084,127 |
Population 2017 | 5,021,219 |
Population 2016 | 4,958,235 |
Below Poverty 2022 | 14.0 |
Below Poverty 2021 | 14.6 |
Below Poverty 2020 | 14.7 |
Below Poverty 2019 | 13.8 |
Below Poverty 2018 | 12.8 |
Below Poverty 2017 | 15.4 |
Below Poverty 2016 | 15.3 |
Employment – Population Ratio 2022 |
55.2 |
Employment – Population Ratio 2021 | 54.8 |
Employment – Population Ratio 2020 | 55.9 |
Employment – Population Ratio 2019 | 56.8 |
Employment – Population Ratio 2018 |
56 |
Employment – Population Ratio 2017 | 55.9 |
Employment – Population Ratio 2016 | 56.1 |
Unemployed 2022 | 3.5 |
Unemployed 2021 | 4.6 |
Unemployed 2020 | 4.6 |
Unemployed 2019 | 3.2 |
Unemployed 2018 | 3.4 |
Unemployed 2017 | 4.3 |
Unemployed 2016 | 5 |
Foreclosure Rate 2024 | 1 in 1,041 |
Foreclosure Rate 2021 | 1 in 513 |
Foreclosure Rate 2018 | 1 of 1,435 |
Median Household Income 2021 | 62,542 |
Median Individual Income 2022 | 52,348 |
High School Graduation Rate 2022 | 83.8 |
High School Graduation Rate 2021 | 83.3 |
High School Graduation Rate 2020 | 82.2 |
High School Graduation Rate 2019 | 81.1 |
High School Graduation Rate 2018 | 81 |
Median Mortgage Payment 2021 | 1,289 |
GDP 2023 | 259.93 Billion |
GDP 2022 | 250.87 Billion |
GDP 2021 | 244,85 Billion |
GDP 2020 | 233.71 Billion |
GDP 2019 | 237.51 Billion |
GDP 2018 | 231.66 Billion |
STATE FACTS |
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At the Riverbanks Zoological Park in Columbia, more than 2,000 animals thrive in recreated natural habitats with no bars or cages. |
Myrtle Beach is the center of the Grand Strand, a 60-mile crescent of beach on the South Carolina coast. Myrtle Beach has developed into one of the premier resort destinations on the East Coast. |
The first battle of the Civil War took place at Fort Sumter. |
Government
ELECTED OFFICIALS | |
Governor |
Harry McMaster (R) |
Lieutenant Governor | Pamela Evette (R) |
Attorney General | Alan Wilson (D) |
Secretary of State | Mark Hammond (R) |
State Senate Control | R – 30; D – 14 |
State House Control | R – 88; D – 36 |
Legislative Process
LEGISLATIVE DATES AND DEADLINES | |
Convenes | January 9, 2024 |
Sine Die Adjournment | May 9, 2024 |
Committee Action Deadlines | N/A |
Crossover Deadline | April 10, 2019 |
Carryover from Previous Session | Yes (2019 – 2020) |
Governor’s Signing Deadline (in session) | Five days, Sundays excepted |
Governor’s Signing Deadline (after adjournment) | Two days after the next meeting of the legislature |
Veto Override | 2/3 majority |
Legislation Effective Date | 20th day after approval by the governor |
Notable Laws & Legislation
SAFE Act
- SC SB 673 (now S.C. Code Ann. Title 37, c. 22; Title 40, c. 58)
- HUD review of South Carolina’s SAFE Act
Security Breach Notification Law
Enforcement
Regulatory Actions
Featured Regulations
Regulatory Guidelines
- SC Attorney General Opinion – Third-Party Convenience Fees (February 2020)
- SC Department of Consumer Affairs – Third Party Payment Processing Fees (December 2017)
- SC Department of Consumer Affairs Memo – Declaratory Ruling No. 3.202-7608 Review (February 2017)
- SC Department of Consumer Affairs – Administrative Interpretation 3.109,503-1603 re: Supervised Loan Location
- SC Department of Consumer Affairs Memo – Motor Vehicle Closing Fee Law Amendments (June 2016)
- SC Department of Consumer Affairs – New GAP Waiver Law (December 2015)
- SC Department of Consumer Affairs – Declaratory Ruling No. 3.202-7608 (October 1976)
Advocacy, Initiatives & Reports
AFSA Advocacy
- South Carolina S 518 re: 36% All-In Rate Cap (March 3, 2023)
- South Carolina Draft Guidance re third party payment processing fees (January 26, 2018)
- South Carolina review of ancillary product declaratory ruling (April 28, 2017)
Trade Associations
- South Carolina Financial Services Association
Regulator Associations
American Association of Residential Mortgage Regulators (AARMR)
Conference of State Bank Supervisors (CSBS)
- National Association of Consumer Credit Administrators (NACCA) State Board of Financial Institutions
- National Association of Consumer Credit Administrators (NACCA) Department of Consumer Affairs