How Much Does It Cost to Live in South Carolina?

The cost of living in South Carolina offers a balance of affordability compared to the national average. While certain costs, like utilities, might be slightly higher, others, particularly housing and property taxes, tend to be lower. This contributes to a generally more accessible financial environment for those considering a move or managing their budget within the state.

Housing Expenses

Housing often represents the most substantial portion of monthly expenditures. As of early 2025, the median home value in South Carolina is around $294,557, which is considerably below the national median. For renters, the average monthly rent across the state is approximately $1,392 as of August 2025, with two-bedroom units around $1,556.

Rental costs vary significantly by location. For instance, more expensive areas like Hilton Head Island average around $2,442, Charleston $1,822, and Mount Pleasant $2,104. More affordable cities include Florence at $1,085 and Spartanburg at $1,116 per month. Homeownership also involves property taxes, which are notably low in South Carolina. The average effective property tax rate is around 0.53%, among the lowest in the country, resulting in a median annual payment of approximately $1,138.

Household and Transportation Costs

Essential household utilities contribute to the overall cost of living. Average monthly utility expenses in South Carolina range from $383.87 to $507. This includes electricity, averaging $124.50 to $161 per month, and natural gas, costing about $74.25 to $96 monthly. Water bills average between $18 and $33 each month.

Internet service costs around $74 to $122 per month, and phone bills add approximately $166 to monthly expenses. Transportation expenses form a considerable part of a household budget, with annual costs ranging from $10,477 to $17,554. Gasoline prices averaged around $3.11 per gallon as of July 2024. Car insurance premiums vary widely, with full coverage averaging from $163 to $269 per month, or $1,955 to $3,233 annually. Public transportation options are generally limited outside of major urban centers.

Food and Personal Spending

Food expenses are a consistent part of any budget. In South Carolina, grocery costs are comparable to the national average, with an individual spending approximately $350 per month. For dining out, a casual meal might cost around $15, while a mid-range restaurant meal could be about $50. Average meal costs at restaurants are around $20.

Childcare costs are a significant consideration for families. The average monthly expense for infant care in a center ranges from approximately $650 to $1,000. For toddlers, center-based care typically falls between $600 and $900 per month. Preschool for older children can cost from $500 to $800 monthly. Other personal expenditures, such as entertainment and personal care services, are generally estimated to be 11% lower than the national average.

Healthcare and Taxation

Healthcare costs in South Carolina are slightly below or in line with national averages. For individuals, average monthly health insurance premiums range from $470 to $750 in 2025. A family of four can expect average monthly premiums around $1,719. Employer-sponsored health insurance coverage costs approximately $1,712 annually per employee.

The state has a progressive income tax system, with rates ranging from 0.00% for lower incomes up to 6.40%. The top marginal income tax rate is 7%, applied to incomes exceeding $16,040. The state sales tax rate is 6.00%, with an average combined state and local sales tax rate of 7.50%. In addition to property taxes on real estate, South Carolina also levies an annual personal property tax on vehicles, assessed at 6% of the market value.