South Carolina a top 10 state for largest salary growth in 2024: What to know

It’s easy to get caught up in the money making cycle, and it’s even easier to desire to make more. But sometimes, it’s good to hit pause and take a look at how wages are increasing in the area.

For instance, South Carolina is now the eighth state in the nation for the fastest salary growth. This information comes from Plus Docs, which examined the average weekly wages between March 2023 and March 2024, basing methodology off data from the U.S. Bureau of Labor Statistics.

“However, the study also reveals which states are experiencing slower growth, such as Nebraska and Illinois. As such, businesses and policymakers should take note of these trends to consider which strategic investments may be necessary to spur future growth, as this will positively affect long-term economic stability across these regions.” said Plus Docs CEO and co-founder Daniel Li in a press release.

 Here’s how much wages have increased in S.C., and what states are experiencing slow wage growth in 2024.

How much have wages increased in SC?

According to the study, wages increased in S.C. by 4.92% between March 2023 to March 2024.

What state had the highest wage increase in 2024?

Indiana had the highest wage growth in 2024, with weekly wages increasing from $1,203 in March 2023 to $1,271 in March 2024. In total, this accounts for a 5.65% rise in wages, which is 38.14% higher than the national average of 4.09%.

What state had the lowest wage increase in 2024?

Nebraska had the slowest wage increase in the US. The state’s wages increased by just 2.58% between March 2023 and March 2024, rising from $1,165 to $1,195. This is 36.9% below the national benchmark.

Top 10 states with the highest increase in wages

Here are the 10 states with the highest wage increase from Marsh 2023 to Marsh 2024, according to Plus Docs:

∎ No. 1: Indiana, 5.64%

∎ No. 2: Alaska, 5.61%

∎ No. 3: California, 5.53%

∎ No. 4: Maine, 5.22%

∎ No. 5: Virginia & Utah, 5.21%

∎ No. 6: Washington, 5.10%

∎ No. 7: Massachusetts, 4.95%

∎ No. 8: South Carolina, 4.92%

∎ No. 9: New Mexico, 4.79%

∎ No. 10: Hawaii, 4.75%

Top 10 states with the slowest salary growth

∎ No. 1: Nebraska, 2.58%

∎ No. 2: Illinois, 2.75%

∎ No. 3: Wyoming, 2.79%

∎ No. 4: Pennsylvania, 2.99%

∎ No. 5: Arizona, 3.08%

∎ No. 6: Oregon, 3.15%

∎ No. 7: Iowa, 3.23%

∎ No. 8: Alabama, 3.27%

∎ No. 9: Kentucky, 3.42%

∎ No. 10: Tennessee, 3.47%

Nina Tran covers trending topics for The Greenville News. Reach her via email at ntran@gannett.com.