Income Reality in South Carolina — Taxes, Housing & Salary
Below-average costs, coastal lifestyle, growing Charleston
Data: 2026-Q2 · BLS · HUD · KFFIncome tax overview
6.2% top rate effective 2025 (Tax Foundation; phased reduction from 7%)
Housing snapshot
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.
Cost of living summary
At an index of 96, South Carolina is about 4% cheaper than the national average of 100.
South Carolina offers below-average costs with growing cities like Charleston and Greenville. The state has attracted significant manufacturing investment.
Major cities
Salary reality examples
Comfortable in Columbia and Greenville. More expensive in Charleston.
Strong purchasing power statewide.
Excellent flexibility. SC's growing economy supports career advancement.
FAQ — Income Reality in South Carolina
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.
Related tools
Cost of Living Index from C2ER. This is a picture, not a verdict.