Cost of Living
The cost of living in the Tri-County area is very reasonable. A typical home of 1,800 square feet of living area on a lot of 8,000 square feet can be purchased for about $114,702. Rental prices for apartments (approximately 950 square feet with 2 bedrooms, 1 1/2 baths) averages $557 per month.
Personal: South Carolina has a tiered indexed personal income tax which ranges from 2.5% to 7.0% on all income above $11,250.
South Carolina has no state property tax. Real and personal property taxes are levied by local taxing authorities (real at 4.0% or 6.0% and personal at 10.5%). There is no intangible personal property tax in South Carolina. The local millage rate is applied to the assessed value to determine the estimated annual liability.