What Is The Cost Of Living In South Carolina?
March 14, 2023Why you will love the cost of living in South Carolina. Because choosing to live in South Carolina may be one of the best decisions you will ever make and not just because of the warmth of the climate and the people. But, there are also many reasons like the average monthly expenses for 1 in South Carolina is easy on your budget. So, without wasting your valuable time, let’s know about the cost of living in South Carolina.
What Is The Cost Of Living In South Carolina?
The cost of living in South Carolina is calculated by taking into consideration the cost of housing, utilities, health, groceries, and transportation. So, the table given below will give you the average cost of living in South Carolina with reference to the US average of 100. A cost of living index above 100 means South Carolina is more expensive than the national average.
| Cost Of Living For | South Carolina | USA |
|---|---|---|
| Housing | 73.6 | 100 |
| Grocery | 95.8 | 100 |
| Transportation | 86.6 | 100 |
| Utilities | 103.9 | 100 |
| Health | 102.3 | 100 |
| Miscellaneous | 95.6 | 100 |
| Median Home Cost | $170,100 | $291,700 |
| OverAll | 88.5 | 100 |
Click here – What Is The Cost Of Living In Portland Oregon?
Home Rent
If you are considering a move to South Carolina I have made it easy for you by providing you a house rent in different cities in South Carolina. The table given below will give you the rent of 1 and 2 bedroom houses. From which you can guess the cost of living in different cities in South Carolina including the cost of living in Charleston South Carolina.
City Approx 1 Bedroom Rent Approx 2 Bedroom Rent
Charleston $850 $1900
Columbia $895 $1575
Myrtle Beach $1270 $2500
Sumter $700 $900
Food Cost
The food cost in South Carolina is 0.2% as compared to the national average. How much money do you need to live comfortably in South Carolina? So, according to the Economic Policy Institute, the annual cost of living for a single person averages $2,332 per month. The table given below will give you an idea of the dinner cost for 2 people in South Carolina’s different cities, including the cost of living in Columbia South Carolina.
| City | Approx Dinner For 2 |
|---|---|
| Charleston | $36 |
| Columbia | $60 |
| Myrtle Beach | $50 |
| Greenville | $60 |
Travel Cost
The average transportation costs in South Carolina for divers and public transit are between $1280 and $1850 per year not including car insurance. When you look at the cost of living in South Carolina vs Florida, you found South Carolina cheaper than Florida state.
Other Expenses
Here are other expenses that will make you familiar with the actual cost of living in South Carolina.
Health Care
Do you know? South Carolina ranked number 41 out of all states of the USA in overall healthcare access and affordability. While going through the cost of living in South Carolina vs Pennsylvania you get that, the average healthcare cost in South Carolina for one adult and one child is $697 per month. While the average cost of healthcare in Pennsylvania is $479 for one person for one month.
Utility Bills
Utility bills make up a significant part of the cost of living. Therefore, the cost of living in South Carolina vs Texas tells you that utility bills in South Carolina are higher than in Texas. But, the gas prices in South Carolina usually come off the lowest in the country and it is $100 per month. The monthly bills for electricity, water, and sewer are $145, $32, and $37 respectively.
Internet Bills
The cost of the Internet depends on the type of Internet and its speed. So, in South Carolina, you can buy High Speed Internet of 10 to 940 MBPS for $29.99 per month.
Fitness
If you are fitness conscious then you can join any fitness club or gym in South Carolina. Here you will find affordable gyms also. Standard membership costs $39 per month for three months including access to independent workouts.
Entertainment
There will be no happy life without entertainment. In South Carolina, entertainment and other activities typically cost an average cost of $20 per person per day.
Taxes
The highest cost of living in South Carolina is because of higher tax rates even though South Carolina is in the top 10 lowest taxed states.
FAQ
Is It Cheaper To Live In Florida Or South Carolina?
Cost of living.
Looking at those numbers, South Carolina is more affordable than Florida in every category but health care. However, it also has a smaller population and less land mass. Florida’s extensive coastline and demand for waterfront living also increase its cost of living scores.
Is It Worth Moving To South Carolina?
Moving to South Carolina is a great opportunity to embrace the low-key Southern lifestyle and explore a diverse state with a rich history, fantastic food and scenery that will take your breath away. Its low real estate prices and property taxes make it a destination to not just visit but to live and possibly retire.
Click here – What Is The Cost Of Living In Boston?
Are SC Taxes High?
South Carolina Tax Rates, Collections, and Burdens.
South Carolina has a 6.00 percent state sales tax rate, a max local sales tax rate of 3.00 percent, and an average combined state and local sales tax rate of 7.44 percent. South Carolina’s tax system ranks 31st overall on our 2022 State Business Tax Climate Index.
What Part Of South Carolina Is The Best To Live In?
(Locals rate Forest Acres, Irmo, Seven Oaks and Blythewood as four of the best places to live in South Carolina for families.) Columbia has gobs of things to do!
Does It Snow In South Carolina?
Yes, it does snow in South Carolina, but in much of the state, that snowfall is minimal. Snow is considered rare, particularly along the sub-tropical Lowcountry coast. Here, as little as an inch of snow might accumulate all winter, and often there is none of the cold, wet stuff at all.
What Is A Living Salary In South Carolina?
How much do you need to live comfortably in South Carolina? According to the Economic Policy Institute, the annual cost of living for a single person without any children averages to $2,332 monthly. If you’re single, you need to make $14.72 per hour in order to make a liveable wage in South Carolina.
Get to know more such amazing facts by visiting Beingcost.
Conclusion
Now you know what is the cost of living in South Carolina in detail. And it tells you that the cost of living is not generally as high in South Carolina when you live in small towns like Beaufort. Also, in South Carolina, groceries, entertainment venues, housewares, and restaurants cost less than in many other states in the USA. When you move to South Carolina, your life is about to change in many positive ways. You should draw up a budget to determine what your expenses will be. But don’t forget to take a look over the cost of living in South Carolina once.
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