South Carolina ranks among the top 10 states in the nation for violent and property crime rates. It also has the highest debt-to-income ratio and poverty rate, ranking among the top 10 in the United States.
Methodology: To find the worst states to live in from a money perspective, GOBankingRates used calculations across a range of factors to find the cheapest, safest, and most likely states for the average person to succeed. I found. A number of factors were found for each state, including:  violent  Real Estate Crime Data from NeighborhoodScout  Median home average property tax taken from ATTOM data,  Average income tax rate source: US News and World Report,  Unemployment rates are based on the American Community Survey of the US Census.  total cost of living,  medical expenses,  Food cost of living is obtained from the Missouri Center for Economic Research and Information.  Average debt-to-income ratios are taken from the Federal Reserve Data Portal.  Poverty rates are taken from US Department of Agriculture economic survey data.  FIPS codes are provided by the Federal Communications Commission. Each state was analyzed across all factors and organized into categories for scoring and sorting the data.factor  and  Scored, combined and weighted as 1 for the total score.factor  and  Scored, combined and weighted as 1.25 of the total score.factor  It is scored and weighted as 1 of the total score.factor , and  Scored, combined and weighted as 1.5 of the total score.factor  and  Scored, combined and weighted as 2 of the total score. Categories are scored and combined into categories, then weighted according to importance and combined to arrive at a total score for each state. The total scores are combined and sorted to show the worst states for money. All data collected and current as of August 17, 2023.
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