Find out how much it costs to live in Charleston.
A Kiplinger rated "Tax friendly" state should make Charleston attractive to you if you're trying to prevent too much of your income from getting taxed. While there is income tax and most pensions are taxed, the blow is lessened by sales tax breaks for seniors over 85.
State Income Tax:
Social Security Tax?
County + State Sales Tax
Property Tax Rate *
Property Tax Ranking (County Property Tax rank out of 2,773, higher rank=lower rate) *
Cost of Living Index (100=average):
Housing + transportation costs as % of income:
State Sales Tax Breaks for Seniors:
Seniors 85 and older pay 5%
Tax burden: % income going to state and local taxes:
For homeowners 65 and older, the state's homestead exemption allows the first $50,000 of a property's fair market value to be exempt from local property taxes. To qualify, you must have been at least 65 years old, and a legal resident of South Carolina for one year, as of Dec 31 of the preceding year
For more detailed tax information from Kiplinger, visit www.kiplinger.com/tool/retirement/T055-S001-state-by-state-guide-to-taxes-on-retirees/
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To learn more about real estate in Charleston book a visit and we'll help you find the right place to live.
Charleston's economy and employment has outpaced the overall US, likely due to significant hiring in healthcare and manufacturing. The Medical University of South Carolina and St. Francis Hospital make up two of the town's largest employers, along with Piggly Wiggly (who wouldn't want to work for a company with such a friendly name?!).
GDP Growth Last 3 Years
Income Growth Last 3 Years
Employment Growth Last 3 Years