The Cost of Living in South Carolina

In South Carolina, residents can choose from historic cities, lively suburbs, and idyllic smaller towns. While destinations like Charleston and Hilton Head Island stand out among tourists, the Central Savannah River Area (CSRA) offers its own unique appeal. The city of Aiken, for instance, is known for its equestrian culture and storied charm, and it’s an enticing, generally affordable place to live.

But before you move to the Palmetto State, you need to understand the costs associated with living in South Carolina. These include housing, utilities, transportation, and taxes.

 

Cost of living in South Carolina

According to the Bureau of Economic Analysis, per-capita living costs in South Carolina average $46,220 per year. 

This figure is 6% lower than the national average, with housing coming in at 21% below the U.S. average. And your dollar could go even further depending on where in South Carolina you choose to live. 

Cities like Columbia and Spartanburg lean more on the side of affordability, while larger cities like Charleston and beachfront enclaves like Mount Pleasant are significantly more expensive. In Aiken and the greater CSRA, families, retirees, and professionals have access to budget-friendly living in a community-oriented, picturesque setting.

 

Housing costs in South Carolina

Housing is one of South Carolina residents’ greatest expenses. The average home value in South Carolina was $293,664 in December 2024, compared to $357,469 across the U.S. Affordable housing options are more prevalent in rural and suburban areas, while urban centers almost always include a higher price-point.

Here are some key considerations for housing in South Carolina:

• Median home sale price: $311,167 (based on data from December 2024)
• Average one-bedroom rent: $988 per month
• Urban vs. rural: Urban areas like Charleston typically cost more than rural towns.

Take a look at the home values for 20 South Carolina cities, based on Zillow estimates from December 2024.

Keep in mind that these are the average home values of different South Carolina cities, and your housing expenses will almost certainly vary depending on factors like the size and condition of your home. The local amenities here in the CSRA, and whether you choose to rent or own your property, will also determine how much you pay in housing each month. 

 

Utility costs in South Carolina

Utility bills in South Carolina often vary depending on the season. On average, households spend $383.87 per month for electricity, water, gas, and internet. Summers generally feature warm temperatures that lead to higher energy bills, while the state’s mild winters help keep heating expenses comparatively low.

Here is a breakdown of average monthly utility costs in South Carolina:

 

• Electricity: $145 
• Gas: $96 
• Water: $18 
• Cable and internet: $122 

Investing in energy-efficient appliances can drastically reduce your utility costs. Keep this in mind while you consider your move to South Carolina. Utility costs in CSRA communities like Aiken and North Augusta are similar to those listed above.

 

Transportation costs in South Carolina

Transportation costs in South Carolina vary widely based on your location and commute. Gas prices are lower than the national average at $2.76 per gallon, while auto insurance costs an average of $610 annually for minimum coverage or $1,922 for full coverage (which includes collision and comprehensive insurance). This is lower than the national average of $2,485 for full-coverage insurance. 

 

Here is what you should budget annually for transportation in South Carolina:

• One working adult (no children): $10,447
• Two working adults (no children): $12,125
• Two working adults (three children): $17,554

 

In Aiken and the surrounding CSRA, most residents commute in their personal vehicles. Yet the area’s well-maintained roads and access to major highways make travel convenient, not to mention scenic. 

 

Other living costs in South Carolina

Groceries, healthcare, and childcare also play a role in the cost of living in South Carolina. Entertainment and recreation, like visiting Congaree National Park or exploring historic downtown and equestrian events, allow for more flexible spending.

Here are the average miscellaneous monthly expenses in South Carolina:

• Groceries: $350 per person, per month
• Healthcare: $6,677 per person, per year (including insurance premiums and out-of-pocket costs). This is lower than the national average of $8,331.
• Childcare: $9,000 per child, per year 
• Entertainment: Expenses tend to vary, although there are plenty of affordable activities.

Many of South Carolina’s attractions, including state parks, historic sites, and gallery visits, are free or low-cost. In Aiken, guided stable tours and Thursday night jazz at the stunning Willcox Hotel offer something for everyone.

 

Taxes in South Carolina

South Carolina’s tax structure includes a state income tax ranging from 0% to 6.2% for the 2024 tax year. 

Property taxes in South Carolina are among the lowest in the country, with an average effective property tax rate of 0.5%. (Beaufort County collects the highest property taxes in the state, while Chesterfield County has the lowest property tax rate.)

Meanwhile, South Carolina imposes a base sales tax rate of 6%, and local jurisdictions can add additional taxes. This leads to combined rates ranging from 6% to 9%, with an average of 7.696%. 

Understanding these taxes can help you plan for your move to the Palmetto State.

 

The bottom line

The cost of living in South Carolina lets residents live comfortably at every stage of life. This is a place where your budget can go further than the national average, and where you and your family can live happily for years to come. Take the time to research the diverse communities here in South Carolina, including Aiken and the broader CSRA, and find a place that suits your budget and lifestyle.