WalletHub this week released their rankings for 2023's Most & Least Federally Dependent States and South Carolina ranked as the 7th most dependent in the country.
This report illustrates the extent to which states are independent economically. In order to identify which states most and least depend on federal support, WalletHub compared the 50 states across three key metrics: return on taxes paid to the federal government; federal funding as a share of state revenue; and share of federal jobs.
Federal Dependency of South Carolina (1=Most Dependent, 25=Avg.):
- 1st – Return on Taxes Paid to the Federal Government
- 27th – Federal Funding as a Share of State Revenue
- 28th – Share of Federal Jobs
To see the full report, click here.
