If you're looking to retire, The Palmetto State could be one you want to consider. Despite being overshadowed by states such as Florida, South Carolina has many things you might want if you're looking to retire. For example, South Carolina is home to beaches, golf courses, and communities that retirees will love. It also has a mild winter and a warm summer, though some areas can get a cooler winter. South Carolina is an exciting state, but is it for you? In the next section, we will look at the cost of living and see if it is.
Overall, the cost of living in South Carolina is over 4 points less than the national average. While utilities and groceries are more than the national average, finding housing is affordable. The housing costs are nearly 20 points below the national average. Not only that, but the median home costs are over $100K less than the average. The rent is less expensive on average, too. These prices can be pretty tempting for someone who wants to retire to Florida and wants more competitive home rates. In this case, South Carolina might be what you are looking for in a state.
| COST OF LIVING | South Carolina | United States |
|---|---|---|
| Overall | 95.9 | 100 |
| Grocery | 101.8 | 100 |
| Housing | 80.1 | 100 |
| Median Home Cost | $162,300 | $291,700 |
| Utilities | 105 | 100 |
| Transportation | 93.5 | 100 |
| Miscellaneous | 99.4 | 100 |
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