Cost of Living in South Carolina — Housing, Taxes & Everyday Expenses
Below-average costs, coastal lifestyle, growing Charleston
Data: 2026-Q2 · BLS · HUD · KFFOverview
South Carolina offers below-average costs with growing cities like Charleston and Greenville. The state has attracted significant manufacturing investment.
Housing costs
Median 1BR rent in Columbia is approximately $1,100. Charleston is significantly more expensive at $1,800-$2,000 due to tourism and coastal premium.
Tax reality
6.2% top rate effective 2025 (Tax Foundation; phased reduction from 7%)
Everyday expenses
At a cost of living index of 96, South Carolina is about 4% cheaper than the national average of 100. South Carolina's below-average costs provide solid purchasing power despite a moderate income tax.
Salary reality in South Carolina
Cost of Living in South Carolina — FAQ
Is South Carolina affordable?
Yes. South Carolina has a cost of living index of 96, slightly below the national average.
What is South Carolina's income tax rate?
South Carolina has a top income tax rate of 7%, reducing to 6.5% by 2024.