South Carolina has long been a beacon of Southern charm, stunning coastline, and a laid-back lifestyle that attracts retirees, families, and young professionals alike. In recent years, however, South Carolina’s cost of living has seen a gradual upward trend – a change that’s mirrored across much of the United States. Despite this shift, South Carolina still manages to stay remarkably affordable compared to national standards.
If you’re thinking about moving to the Palmetto State or already living here and wondering how the increasing prices might affect your budget, this comprehensive guide breaks down the key areas of living expenses – from housing to healthcare – and explains why South Carolina remains a great value in 2025.
1. The Big Picture: Cost of Living in South Carolina
Cost of living is a general term that includes everything from your rent or mortgage to groceries, utilities, healthcare, transportation, and more. According to recent data, South Carolina’s cost of living index is about 7% lower than the national average. While prices have gone up in some sectors, the state still provides great affordability when compared to coastal neighbors like Georgia, North Carolina, or Florida.
Key highlights:
- Overall cost index: ~93 (U.S. average = 100)
- Median home price (2025): $292,000 (vs. U.S. median of $412,000)
- Average monthly rent: $1,190 for a 2-bedroom apartment
- State income tax: Up to 6.5%, but with significant deductions
- Sales tax: Base rate of 6%, plus local rates
Let’s break these down.
2. Housing: Costs Are Climbing – But Still Manageable
If there’s one area seeing noticeable price growth in South Carolina, it’s housing. Demand is high, thanks to a growing population, especially in cities like Charleston, Greenville, Columbia, and Myrtle Beach.
Still, South Carolina remains much more affordable than many other states.
Median Home Prices by City (2025):
- Charleston: $430,000
- Greenville: $365,000
- Columbia: $270,000
- Myrtle Beach: $310,000
- Statewide Median: $292,000
Compare that to the U.S. median of over $400,000, and it’s easy to see why people are still flocking here.
Renters also find relief. Average rent for a 1-bedroom apartment hovers around $980 in most cities – and even lower in rural or suburban areas.
Tip: Areas like Rock Hill, Florence, and Spartanburg offer even more affordable housing options for those seeking budget-friendly alternatives to Charleston’s high real estate prices.
3. Utilities and Energy Costs
Electricity and water bills in South Carolina are moderate compared to other Southern states, thanks in part to the state’s investment in energy efficiency and moderate climate.
Average Utility Costs:
- Electricity (monthly): $130
- Water & Sewer: $45
- Internet: $60–$80
- Natural Gas: $40 (seasonal)
Because winters are mild and summers long, heating bills are much lower than in Northern states, which helps offset rising energy prices.
4. Grocery and Food Costs
Grocery prices have seen a nationwide bump in the last 2 years, and South Carolina is no exception. However, residents benefit from a lower-than-average grocery cost index – about 96.
Average grocery costs per month (family of 4): ~$875
Local perks:
- Farmers markets abound across the state
- Access to fresh seafood and local produce
- Regional chains like Publix and Food Lion offer competitive pricing
Eating out is also cheaper compared to bigger cities. A dinner for two at a mid-range restaurant averages around $50–$60, with lunch spots and fast-casual options even more wallet-friendly.
5. Transportation Expenses
South Carolina is mostly a car-dependent state, so gas prices and auto insurance matter. The good news? Gas is typically below the national average.
Transportation snapshot:
- Gas (2025 average): $3.29/gallon
- Car insurance: ~$1,370/year
- Vehicle registration: ~$40 annually
Public transportation is limited outside of cities like Charleston and Columbia, so most residents own a car. However, short commutes and less traffic help offset fuel expenses.
6. Healthcare Costs
Healthcare is an essential factor in the cost of living equation, especially for retirees. South Carolina offers solid healthcare services at a relatively moderate cost.
- Average health insurance premium (individual): ~$440/month
- Doctor visit: $110–$130
- Dental cleaning: ~$90–$120
- Prescription drug costs: Lower than many other U.S. states due to local pharmacy competition
Major hospital networks like Prisma Health and MUSC offer access to high-quality care, and the growing telehealth sector is improving accessibility in rural counties.
7. Taxes: Reasonable, With Key Breaks
While South Carolina does have a state income tax, retirees and families alike benefit from generous deductions and credits.
Tax facts:
- State income tax: 0% to 6.5%
- No tax on Social Security income
- Property tax: Among the lowest in the country
- Sales tax: 6% base + 1–3% local option (food partially exempt)
Retirees particularly benefit thanks to tax deductions on pensions, military benefits, and retirement accounts. Plus, homestead exemptions help older homeowners reduce property tax bills significantly.
8. Education Costs and Public Services
Families moving to South Carolina often cite education quality and affordability as a big factor.
- Public schools are improving statewide, with investments in rural districts
- School supplies, uniforms, and transport costs are lower than national averages
- Numerous free or low-cost after-school programs
- Access to respected colleges like Clemson and the University of South Carolina
Private schooling is also more affordable, with tuition ranging from $6,000 to $14,000/year, depending on the institution and grade level.
9. Lifestyle & Entertainment
Even with cost increases in other areas, lifestyle remains affordable in South Carolina. Access to the outdoors, beaches, and historic attractions means low-cost or even free recreation opportunities.
Affordable entertainment:
- Beach day: Free parking at many state beaches
- Hiking and camping in state parks: ~$10–$20 entry
- College sports tickets: ~$15–$30
- Movie tickets: ~$10–$12
- Museums and festivals: Often free or donation-based
Cities like Charleston and Greenville boast vibrant downtown scenes that rival larger metro areas – but without the big-city price tags.
10. The Local Economy and Wages
One reason South Carolina remains affordable is that the economy is thriving, and job growth is steady. While wages vary by sector, the overall employment landscape has helped balance cost of living hikes.
Key industries:
- Manufacturing (Boeing, BMW, Michelin)
- Healthcare and social assistance
- Tourism and hospitality
- Tech and logistics (Charleston’s port is one of the busiest on the East Coast)
Median household income (2025): ~$62,500
Minimum wage: $7.25 (Federal), but many employers offer more due to market competition
11. Why People Still Move Here
Despite rising costs, South Carolina continues to be a top destination for new residents. Whether it’s retirees looking for tax breaks and mild winters, or young families seeking affordability, the state offers a balance that’s hard to beat.
Top reasons why it’s still affordable:
- Low property taxes
- Moderate housing costs compared to national averages
- Accessible healthcare
- Favorable climate (reducing heating/cooling needs)
- Diverse economy with job opportunities
12. Tips for Living Affordably in SC
If you’re planning to move or already living here, here are some quick tips to keep costs in check:
- Consider suburbs over city centers – places like Simpsonville or West Columbia are budget-friendly.
- Take advantage of tax breaks – especially if you’re retired or own a home.
- Shop local – farmers markets and flea markets offer deals.
- Bundle utility services to lower monthly bills.
- Use public parks and beaches for free family fun.
- Cook at home – groceries are cheaper than dining out regularly.
Final Thoughts
Yes, South Carolina’s cost of living has climbed – and it will likely continue to inch upward as the state grows in popularity and population. But the bottom line remains: South Carolina is still one of the most affordable and livable states in the country.
About Ted Law
At Ted Law Firm we remain committed to helping South Carolina residents navigate not only rising living costs but also the increasing complexities of legal issues tied to new traffic laws like the South Carolina Hands-Free and Distracted Driving Act. We know that amidst economic pressures, an unexpected citation or accident can feel even more overwhelming. Our team is here to offer clear, accessible legal support when you need it most so you can make informed decisions, protect your rights, and keep life moving forward .We serve families across Aiken, Anderson, Charleston, Columbia, Greenville, Myrtle Beach, North Augusta and Orangeburg. Our mission is to ensure every client receives the legal support and clarity they need after serious road incidents.Contact us today for a free consultation,
Attorney Ted Sink, founder of The Ted Law Firm, is a Yale, Stanford Business School, and Charleston School of Law graduate and former marketing executive who built a 7-figure law practice, earning millions for his clients. With experience in both law and advertising, Ted has been recognized in Forbes, Entrepreneur, and the ABA Journal. He speaks at industry conferences on marketing and law firm management, sharing insights from his unique background to help other firms grow. When not working, Ted enjoys traveling, diving, and dog-sitting golden retrievers.
