Financial Profile: South Carolina
Financial landscape, tax rates, cost of living, and median income scoring for South Carolina residents.
South Carolina at a Glance
Avg Salary
$52,000
Cost of Living
94
Top Tax Rate
6.2%
Adjusted Income
$55,319
Monthly Take-Home
$3,379
Max Rent (30%)
$1,299
Financial Genome at Median Income
Scores calculated for someone earning $52,000/yr in South Carolina with typical expenses.
PPI
40
C
FPI
25
F
LRS
53
C+
REW
30
D
Living in South Carolina: Financial Overview
South Carolina has graduated rates from 0% to 6.2%, but with recent reform moving toward a flat tax.
- Moving toward flat tax
- Low cost of living
- Retirement-friendly
Major Cities
Charleston, Columbia, Greenville, Myrtle Beach
With a cost of living index of 94 (below the national average of 100), your dollar goes further in South Carolina. A $60,000 salary here has the purchasing power equivalent of $63,829 in an average-cost area.
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See your personalized Financial Genome scores based on your actual income and expenses in South Carolina.
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