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

According to the Economic Policy Institute, the annual cost of living for a single person without any children averages to $2,332 monthly. If you're single, you need to make $14.72 per hour in order to make a liveable wage in South Carolina. In 2018, the median household income was $57,340.

How much money do you need to make a year to live in South Carolina?

SC living wage

According to the report, the annual living wage for a family of four is $84,062 in South Carolina. U.S. Census data shows that the median household income is $58,234 in South Carolina. The Palmetto State ranks 27th among states that require the highest living wages for families of four, the report shows.

What is the middle class income in South Carolina?

For South Carolina the lower limit is $39,743, median household income is $59,318 and middle income upper limit is $118,636.

What income is considered rich in SC?

How much does a Wealthy make in South Carolina? As of Feb 21, 2024, the average annual pay for a Wealthy in South Carolina is $62,364 a year. Just in case you need a simple salary calculator, that works out to be approximately $29.98 an hour. This is the equivalent of $1,199/week or $5,197/month.

How much is $75000 a year after taxes in SC?

If you make $75,000 a year living in the region of South Carolina, USA, you will be taxed $19,755. That means that your net pay will be $55,245 per year, or $4,604 per month.

What is the Cost of Living in South Carolina?

Why is it so cheap to live in South Carolina?

South Carolina is in the top 10 lowest taxed states, so living here offers lower real estate taxes, sales tax, and personal income tax. Gas taxes are low, which means the costs of transportation are the lowest in the US. Property taxes are among the lowest in the country.

Is it worth it to live in South Carolina?

The low cost of living, warm weather, robust job market, and plenty of recreational opportunities — thanks to the Blue Ridge Mountains, scenic coastline, and lakes — are all major draws. And, of course, that famous southern friendliness and rich cultural traditions sure add to its appeal with newcomers.

How much does a single person need to live on in South Carolina?

According to the report, a single South Carolinian needs to earn $52,222 a year. That places South Carolina 28th among states with the highest living wage requirements. North Carolina was more expensive, ranking 25th highest with a living wage of $53,531 a year.

What is the average cost of a home in South Carolina?

$284,797. The average South Carolina home value is $284,797, up 3.3% over the past year and goes to pending in around 26 days.

What is the average electric bill in South Carolina?

On average, South Carolina residents spend about $189 per month on electricity. That adds up to $2,268 per year. That's 6% lower than the national average electric bill of $2,410.

Is 60k a good salary in South Carolina?

Most salaries in South Carolina range between $34,108 (25th percentile) to $60,373 (75th percentile) annually.

Is South Carolina red or blue?

South Carolina was one of only six states to vote for Barry Goldwater in 1964 and has voted Republican since, except in 1976 when it voted for fellow southerner Jimmy Carter. In 2020, Donald Trump defeated Joe Biden by 55% to 43%.

Does it snow in South Carolina?

Clay Chaney, meteorologist with the National Weather Service at the Greenville-Spartanburg International Airport, said January 2021 was the last time the state received a significant amount of snowfall.

Are houses expensive in South Carolina?

New Listings: November 30, 2023, saw 6,213 new listings, reflecting a continued interest in the South Carolina housing market. Median Sale Price: The median sale price reached $287,083, while the median list price stood at $349,900, providing a glimpse into the financial dynamics of property transactions.

What is the nicest place to live in South Carolina?

What are the disadvantages of living in South Carolina?

Is South Carolina a happy place to live?

Study ranks South Carolina as the 41st happiest state in 2023.

How much is 100k salary after taxes in South Carolina?

If you make $100,000 a year living in the region of South Carolina, USA, you will be taxed $28,917. That means that your net pay will be $71,083 per year, or $5,924 per month.

Which states have no income tax?

Which Are the Tax-Free States? As of 2023, Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming are the only states that do not levy a state income tax. Note that Washington does levy a state capital gains tax on certain high earners.

How much is 150k after taxes in SC?

If you make $150,000 a year living in the region of South Carolina, USA, you will be taxed $48,016. That means that your net pay will be $101,984 per year, or $8,499 per month.