What Is the Cost of Living in South Carolina?

Is it expensive to live in South Carolina? The Palmetto State is a desirable Atlantic Coast location with plenty of Southern hospitality. If you like shrimp and grits and college football, it’s the place for you. Learning the cost of living is essential before moving here, especially if you’re not from the South. Here’s what you need to know about the cost of living in SC. 

SC Cost of Living Statistics

South Carolina is a generally affordable state due to its prices and taxes. However, knowing the Palmetto State’s cost of living is still critical. Here are five metrics to factor into your budget. 

1. Transportation

Transportation costs are essential to monitor due to South Carolina’s policies and infrastructure. The state considers your vehicle property, so there’s an extra levy for your family. You’ll pay a tax based on the car’s age and retail value. Government officials say you pay a year in advance to the local auditor’s office.

Another transportation consideration is the roads. South Carolina streets aren’t necessarily famous for being paved and easy to drive on. U.S. News and World Report ranks the state 28th in road quality because of potholes and worn roadways. Be extra cautious on your morning commute to avoid costly damage. 

2. Housing

Buying a home in South Carolina significantly depends on the location. Costs rise closer to the Atlantic Ocean and the bigger cities. For example, a beach house in Surfside Beach exceeds $300,000 due to demand and scenic views. However, rural areas like Gaffney or Bennettsville will have more budget-friendly properties.

Overall, the South Carolina housing market is more affordable than the national average. Zillow says the average home value is $304,000, a 0.3% decrease from 2024. If you’re selling a home, you can expect the property to go to pending in 25 days. These experts say the median sale price is $316,000, so a buyer’s market could favor you. 

3. Rent

Renting is similar to home prices — the costs will depend on your location. Overall, Palmetto State residents pay nearly $1,400 monthly for their rent. A studio or one-bedroom apartment will be around $1,400, though you can save money by getting a roommate and multiple bedrooms. A two-bedroom unit costs around $1,555 monthly, whereas a three-bedroom rental is $1,832. 

Tight budgets mean every cost in every state is essential, so consider the small town of Barnwell because it’s the cheapest place to rent. You’ll be near the Georgia border and a short drive from the famous Augusta National Golf Club. The urge for larger Southern towns could take you to Charleston or Columbia, though prices will be higher. 

4. Utilities

If you’re tired of the cold weather, consider moving to the Palmetto State. Due to the mild temperatures, the cost of living in South Carolina is slightly lower in the winter. The state only has 40 days with below-freezing temperatures, so the heater won’t have to work as hard. Its Southeast location and ocean proximity keep the climate mild. 

However, it’s a different story in the summertime. South Carolina gets hot and humid because of the subtropical climate and high moisture content. Summers are just different here, so prepare to crank the air conditioning. Your electric bill won’t be cheap unless you incorporate solar power or are OK with the temps. Residents pay 10.5 cents per kilowatt-hour, so nationally, it’s on the lower end. 

5. Taxes

The cost of living in South Carolina is attractive due to low taxes. While some rates are higher than others, they’re generally lower than the rest of the nation. Income tax is slightly higher than in other states, with a 6.2% top rate exceeding that of Georgia and North Carolina neighbors. However, reductions may arrive for future fiscal years. 

In 2025, GOP leaders in the state legislature proposed a flat tax to simplify the tax code. The rate would change to 3.99% for all South Carolinians. While the highest earners would receive a reduction, it’ll increase the tax liability for those in the lowest bracket. People earning low wages don’t pay taxes, but they could owe income levies if the bill passes. 

What Is the Cost of Living in South Carolina Cities?

If you’re moving to South Carolina, you’re likely moving to one of the big cities. Here’s a rundown of five prominent SC towns and their cost of living. 

Charleston

Charleston is famous for cobblestone roads and incredible Southern food. You can’t go wrong with cornbread, turnip greens and fresh seafood. South Carolina’s most populous city can get pretty expensive due to its coastal location and rich history. A 2025 report said Charleston ranks 16th nationally for apartment rentals, ahead of Seattle, Denver and Atlanta. 

Columbia

Columbia is a college town, as it’s home to the University of South Carolina. It’s also the state capital, so you’ll see plenty of government buildings and officials citywide. If you’re looking for a public sector job, it’s the place for you. Fortunately, it’s less expensive than other SC towns. Experts say it’s cheaper than the national average and the state average. 

Greenville

Greenville might make sense if you plan trips to neighboring North Carolina. It’s among South Carolina’s underrated cities, and it shows in the price. Experts say the cost of living is 9% less than in Charleston, so expect reductions across the board. The town has a terrific arts and culture scene, so it could be a value spot for those wanting fun communities. 

SC Cost of Living FAQs

How much money do I need to live comfortably in South Carolina?

Massachusetts Institute of Technology (MIT) says the cost of living in South Carolina for a single person requires a $22.15 hourly wage to meet basic needs. 

What is the cost of living in South Carolina per month? 

MIT data shows single people need about $38,883 for a year’s expenses. Therefore, the monthly cost is $3,240. 

Is it cheaper to live in SC or Florida?

MIT says the living wage is lower in South Carolina ($22.15/hour) than in Florida ($23.41/hour).  

Is South Carolina a good place to live in?

South Carolina is a good place to live if you want quiet places with diverse terrain. While job opportunities in the metropolitan areas are limited, it has southern charm and natural beauty. 

Understanding the Cost of Living in South Carolina

South Carolina is underrated because Florida, Georgia and Tennessee steal the spotlight. Even its northern neighbor gets more attention due to Charlotte and Asheville. Meanwhile, Palmetto State residents enjoy low taxes, beautiful beaches and warm weather. On any given weekend, you could leave your Columbia home and have a fun trip in Myrtle Beach!