With an extended summer season and access to endless coastal waters and beaches, historic sites and an award-winning dining scene, it’s no surprise that the Holy City is a fast-growing and popular metropolitan area. In the greater Charleston area, an average of 26 new residents move to the area every day! Moving across state lines is an exciting adventure, but it comes with a number of adjustments, including adapting to the local culture, a higher cost of living compared to your previous location, and learning the ins and outs of your new home. If you’re considering moving here, it’s important to understand what contributes to the cost of living in Charleston SC.
Greenville Cost of Living Index
Determining how much it costs to live in Greenville is critical to determining if it is a good idea to live in to draw the area. By looking at the Greenville Cost of Living Index, you can compare average spend and how prices differ from other state and national averages.
The primary factors that determine your cost of living in Greenville are based on where you live, your average cost of living, and other things you spend money on like: B. Entertainment. You should also consider how much it will cost to support everyone in your household, including spouses, partners, roommates, children, and others.
Why is Charleston so expensive to live in?
Charleston is an expensive city in South Carolina for several reasons. One of the reasons is that it is a popular tourist destination. With its historic buildings and quaint streets, Charleston attracts millions of visitors each year.
Therefore, hotels and restaurants are geared towards tourists and prices are often high. Another reason Charleston has a high cost of living is its location.
Low Property Taxes
South Carolina’s average effective property tax rate is just 0.57%, one of the lowest in the country. South Carolina also offers a Homestead Exemption that exempts individuals age 65 and older from property tax on the first $50,000 of the fair market value of their home. For this exemption to apply, the home must have been the person’s primary residence for more than one year.
One of the reasons retirees love Charleston is the subtropical climate. Summers are typically warm but not stuffy and winters are typically fairly mild. On average, temperatures range from 37.5 to 59°F in January (the coldest month) and from 23 to 31.1°F in July (the hottest month). Snowfall is very rare; on average they occur less than once a year. Annual precipitation is slightly higher than the national average, but so is the average number of sunny days per year.