Moving to South Carolina

Things To Know Before Moving To South Carolina?

The gorgeous state of South Carolina is bordered by Georgia, North Carolina, Tennessee, and the Atlantic Ocean. Within its borders, you will find stunning beaches, national forests, thriving cities, traditional villages, and plenty of Southern charm. Coastal destinations are a top pick for many, but South Carolina is also a nature lover’s dream getaway.

The central city of Columbia is the state capital, but historic Charleston is the center of charming antebellum streets and plantations with moss-covered ancient oaks. The state is also known as a premier golf destination in the United States.

South Carolina is a southeastern U.S. state known for its shoreline of subtropical beaches and marshlike sea islands. Coastal Charleston is a historic city, defined by pastel-colored houses, Old South plantations and Fort Sumter, where the Civil War’s opening shots were fired. To the north is the Grand Strand, a roughly 60-mile stretch of beachfront known for golf courses and the vacation town Myrtle Beach.

If you’re moving to South Carolina, there are a lot of things you’re going to need to know. Luckily, you’ve come to the right place.

Moving to South Carolina

Pros and Cons of Living in South Carolina

Here are a few pros and cons to consider as you make your move to the Palmetto State:

Pros.

  • The quality of health care in South Carolina is much better than it is in most other states.
  • South Carolina has much better weather than most other states. If you’re like most people, you prefer a day of sunshine and blue skies over a cloudy rainy day.
  • South Carolina residents have a slightly lower overall tax burden than citizens of most other US states according to the Tax Foundation.
  • Many people consider South Carolina to be one of the more beautiful scenic states. The state offers a long coastline with islands and beaches along the Atlantic Ocean.

Cons.

  • South Carolina has a higher cost of living than most other states according to the Missouri Economic Research and Information Center (information was derived from the Council for Community and Economic Research).
  • South Carolina has a higher overall crime rate than most states according to FBI reporting.
  • You will have the hurricane problem to think about when living here. The weather in South Carolina is typically pleasant, but there is also an unpredictability factor that you will want to consider.

Tax Rates

South Carolina’s general state Sales and Use Tax rate is 6%. In certain counties, local Sales and Use Taxes are imposed in addition to the 6% state rate.

South Carolina is taxfriendly toward retirees. Social Security income is not taxed. Withdrawals from retirement accounts are partially taxed. Wages are taxed at normal rates, and your marginal state tax rate is 5.90%.

Housing Market

The typical home value of homes in South Carolina is $203,328. This value is seasonally adjusted and only includes the middle price tier of homes. South Carolina home values have gone up 6.7% over the past year and Zillow predicts they will rise 10.0% in the next year.

What Should I Know In 2020?

Economy Outlook

The economy of South Carolina was ranked the 26th largest in the United States based on the gross domestic product in 2020.

The US average is 3.7%. South Carolina has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%. – The Sales Tax Rate for South Carolina is 7.4%.

The state of South Carolina employs 2.8 million people with a growth rate of 2.6%. Major employment sectors in South Carolina include Health care and social assistance, retail trade, and Professional, scientific, and technical services. South Carolina’s unemployment rate in November 2020 was 4.4% which places it 25 out of 50 in the United States. 

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Traffic & Transportation

South Carolina transportation services including airports, car rentals, public transportation, and bus stations.

South Carolina is serviced by a handful of companies for both local and statewide transportation, depending on your city. Below are a few of the most well-known buses and the areas they serve:

CARTA – Charleston Area Regional Transit Authority (Metro areas of Berkeley, Charleston, and Dorchester Counties)
TriCounty Link (Rural areas of Berkeley, Charleston, and Dorchester counties)
The Comet – Central Midlands Transit (Richland, Lexington, and Newberry Counties)
Greenlink Transit (Greenville County)

Cost of living

The most expensive county in the state is Charleston, found on the southeast border along the Atlantic Ocean. South Carolina rent prices range from a small one-bedroom location for $920 per month up to around $2,360 for a full-size five-bedroom home.

Whether you’re renting or you’re the homeowner, more often than not you’ll be responsible for taking care of the home utilities. These include basic necessities like electricity, water, gas, sewer, and trash services.

Here are some estimated prices you can expect to pay regularly for each service type in South Carolina:

Average electric bill: $145
Average water bill: $32
Average sewer bill: $37
Average gas bill: $100

The price of food and groceries across the state is only slightly less than the national average. But with an estimated 5% savings overall, it can be extra money in your pocket to go to something else.

When you head to the grocery store for the bare necessities, expect to pay about $2.25 for a gallon of milk, $3 for a dozen eggs, and boneless chicken breast for about $3.60 per pound.

Moving to South Carolina

Are You Moving From or To South Carolina?

South Carolina Climate

South Carolina has a humid, sub-tropical climate, with long, hot summers and short, mild winters. Spring and autumn are the most pleasant seasons. In winter, temperatures generally average 5 to 7°C (40 to 45°F) in inland areas, and 12 to 15ºC (55 to 60°F) by the shore.

Employment

As of Dec 24, 2020, the average annual pay for a Comfortable in South Carolina is $36,773 a year.

Real Estate

There are currently 21,930 homes for sale in South Carolina. The median list price in South Carolina is $279,900 and the average price per square foot is $141.

Average Income

As of Dec 24, 2020, the average annual pay for a Comfortable in South Carolina is $36,773 a year. that works out to be approximately $17.68 an hour. This is the equivalent of $707/week or $3,064/month.

Industries

Agriculture, Aerospace, and Aviation, Automotive, Advanced Manufacturing, Tourism.

Crime Rankings

South Carolina has the third-highest number of people who’ve been affected by property crime in the past 12 months (37% compared to the national average of 26%).

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