Cost of Living in South Carolina
Things cost about ▼ 6% less in South Carolina than the national average.
What Things Cost in South Carolina
Compared to the US national average
See raw index numbers
US national average = 100. Source: BEA Regional Price Parities 2023.
South Carolina has become one of the fastest-growing states in the country, driven by the charm of Charleston, the revitalization of Greenville, affordable housing, and a tax structure that is particularly generous to retirees. The overall cost of living is about 8% below the national average, with housing roughly 20% below. Charleston is the exception to the affordability rule: its historic beauty and culinary reputation have made it a destination city with prices to match. Greenville's downtown transformation (Falls Park, the Swamp Rabbit Trail) has made it a national model for small-city revitalization, all while remaining genuinely affordable.
South Carolina at a Glance
Taxes in South Carolina
South Carolina's state income tax tops out at Up to 6.2%. The combined sales tax averages 6%. Property taxes run about 0.53% of home value, which on a $250,700 median home means roughly $1,329/year.
Cities in South Carolina
Ranked from least to most expensive. Index 100 = national average.
Explore South Carolina
FAQ About South Carolina
Excellent. South Carolina does not tax Social Security benefits, offers a $15,000 retirement income deduction for residents 65+, has very low property taxes (about 0.56% with senior homestead exemptions), and the overall cost of living is about 8% below the national average. Charleston and the Lowcountry are popular retirement destinations, though more expensive than the state average. Greenville and the Upstate offer more affordable retirement with four seasons.
By South Carolina standards, yes. Charleston has median home prices around $600,300 to $250,700, well above the state average. The downtown historic district and nearby beaches (Sullivan's Island, Isle of Palms) are significantly more. However, by national standards for a city of Charleston's reputation and beauty, prices are still moderate. North Charleston and Summerville offer more affordable options in the metro area.
Greenville has been one of the most talked-about small cities in America for good reason. The downtown revitalization around Falls Park is nationally recognized. The cost of living is below the national average, housing is affordable (median around $275,000), and the city has attracted BMW, Michelin, and a growing number of tech companies. The Swamp Rabbit Trail, Blue Ridge Mountains access, and four-season climate add to the appeal. Growth has pushed prices up but the value remains strong.