Charleston, SC Economy


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Charleston, SC is a beautiful city located on the coast of South Carolina. It offers an array of interesting activities for people of all ages to enjoy. With its rich cultural history and abundance of outdoor activities, it is no wonder why so many people choose to call Charleston home. The cost of living in Charleston is slightly higher than the national average, with a 2 bedroom rent of $1,790 compared to the US average of $1,430 and a grocery cost index of 106 versus 100 in the US. Despite the higher costs, Charleston remains a popular place for families and businesses alike, with hundreds of local companies such as Boeing South Carolina, MUSC Health, Blackbaud, Benefitfocus and several more.

Charleston has an unemployment rate of 4.0%. The US average is 6.0%.

Charleston has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 35.9%, which is higher than the US average of 33.5%.

Tax Rates for Charleston
- The Sales Tax Rate for Charleston is 8.9%. The US average is 7.3%.
- The Income Tax Rate for Charleston is 7.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Charleston
- The average income of a Charleston resident is $33,117 a year. The US average is $28,555 a year.
- The Median household income of a Charleston resident is $76,556 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCharleston, South CarolinaUnited States
  46
  -3.7%-6.2%
  35.9%33.5%
  9.0%6.2%
  7.0%4.6%
  $50,240$37,638
  $76,556$69,021
  $106,321$85,028
  Population by Occupation
  0.2%1.2%
  0.0%0.5%
  6.6%6.8%
  5.6%10.0%
  2.5%2.5%
  9.6%11.0%
  2.9%4.8%
  0.3%0.8%
  2.1%1.9%
  4.2%4.7%
  4.0%1.9%
  11.6%7.6%
  0.2%0.1%
  4.2%4.2%
  10.2%9.3%
  14.5%14.0%
  2.5%2.1%
  9.7%7.0%
  5.0%4.8%
  4.2%4.7%
Reviews for Charleston
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Over 1 years ago

Charleston is beautiful and unique and incredibly special. If you don't believe me, just ask Anthony Bourdain in his Parts Unknown episode - and he was an insightful  More

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Serious lack of health care and "good old boys club" whereby doctors will not even see the patient but diagnose them based on referring doctor. My sister died there for  More

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Over 4 years ago

Boy, has this once beautiful town changed...for the worse! I initially moved here 20 years ago because the people were so nice, no traffic, great choice of hospitals,  More

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