South Carolina Economy


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South Carolina State is a great place to live and work with a variety of different opportunities. There are many local companies that have a presence in the state, such as Boeing South Carolina, Amazon Fulfillment Centers, BMW of North America, and Michelin North America. Rent for two bedroom homes in South Carolina is much lower than the national average at $1,110 versus $1,430. The cost of groceries is also lower with an index score of 96 versus 100 nationally. With all these benefits and more, it's no wonder why South Carolina is home to so many people.

South Carolina has an unemployment rate of 4.8%. The US average is 6.0%.

South Carolina has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.

Tax Rates for South Carolina
- The Sales Tax Rate for South Carolina is 7.4%. The US average is 7.3%.
- The Income Tax Rate for South Carolina 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 South Carolina
- The average income of a South Carolina resident is $32,823 a year. The US average is $37,638 a year.
- The Median household income of a South Carolina resident is $58,234 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySouth Carolina, South CarolinaUnited States
  4.86
  -2.8%-6.2%
  33.8%33.5%
  7.0%6.2%
  7.0%4.6%
  $32,823$37,638
  $58,234$69,021
  $72,899$85,028
  Population by Occupation
  0.8%1.2%
  0.1%0.5%
  7.0%6.8%
  13.5%10.0%
  2.3%2.5%
  11.5%11.0%
  4.2%4.8%
  1.2%0.8%
  1.5%1.9%
  3.9%4.7%
  2.0%1.9%
  5.7%7.6%
  0.1%0.1%
  4.9%4.2%
  8.9%9.3%
  13.1%14.0%
  1.7%2.1%
  8.1%7.0%
  5.0%4.8%
  4.5%4.7%
Reviews for South Carolina
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As a 20 year resident of South Carolina, I can say, that it unfortunately as a whole isn’t the hospitable, friendly, nice, safe, or the wonderful picture many people  More

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As an adult child now absorbing responsibilities for elderly parents; options must be addressed. Cost of Living is required long-term. We discovered South Carolina's  More

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Over 7 years ago

The Upstate (Greenville, Clemson, etc) is very nice ... lots to do and the weather, food and people seem to compare well to the Low  More

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