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Jun 23, 2022 · Even popular tourist spots like Myrtle Beach can offer affordable living. South Carolina also offers many tax advantages to retirees, including no estate tax or tax on Social Security. Throw in a mild climate, and there is a lot to like about South Carolina. But there are serious drawbacks as well.
- The better state for retirement may depend on the personal preferences of the retiree. But Florida is generally a much more popular retirement dest...
- South Carolina has one of the lowest costs of living in the U.S. Your money will go far there, and a smaller amount of retirement savings may be su...
- South Carolina just recently passed a law exempting military retirement income from taxation. So, your military income will not be taxed.
Apr 19, 2024 · Final Verdict: Is South Carolina a Good Place to Retire? Yes, South Carolina is an outstanding retirement destination, offering affordability, diverse environments, and a high quality of life. Whether you’re drawn to the coastal lifestyle, mountainous landscapes, or the energy of urban living, South Carolina caters to a variety of preferences.
- Fountain Inn
- Beaufort
- Bluffton
- Greenville
- Charleston
- Hilton Head Island
- Myrtle Beach
- Spartanburg
- Columbia
- Greenwood
CITY POPULATION:10,416 SHARE OF POPULATION 65+:9.3% COST OF LIVING FOR RETIREES:5.7% below the national average MEDIAN HOME VALUE:$275,810 MEDIAN RENT:$1,810 TAX RATING FOR RETIREES:Tax Friendly If you’re looking for a town with more of a rural feel, Fountain Inn is worth considering. The area often ranks on lists of the cheapest place to live in S...
CITY POPULATION:13,607 SHARE OF POPULATION 65+:14.8% COST OF LIVING FOR RETIREES:3.5% below the national average MEDIAN HOME VALUE:$381,604 MEDIAN RENT:$2,300 TAX RATING FOR RETIREES:Tax Friendly A thriving 65+ population makes Beaufort one of the best retirement communities in South Carolina. The city not only has plenty of beautiful outdoor areas...
CITY POPULATION:27,716 SHARE OF POPULATION 65+:20.7% COST OF LIVING FOR RETIREES:3.2% below the national average MEDIAN HOME VALUE:$489,543 MEDIAN RENT:$2,375 TAX RATING FOR RETIREES:Tax Friendly Rich history and coastal living make Bluffton one of the top 10 retirement communities in South Carolina. Its small-town charm and access to amenities hel...
CITY POPULATION: 70,720SHARE OF POPULATION 65+: 13.4%COST OF LIVING FOR RETIREES: 5.4% below the national averageMEDIAN HOME VALUE: $295,094MEDIAN RENT: $1,739TAX RATING FOR RETIREES:Tax Friendly As one of the most affordable places to live in South Carolina, Greenville offers access to the suburban lifestyle at a much lower cost. You can find a li...
CITY POPULATION:150,227 SHARE OF POPULATION 65+:16.2% COST OF LIVING FOR RETIREES:4.9% above the national average MEDIAN HOME VALUE:$531,165 MEDIAN RENT:$2,700 TAX RATING FOR RETIREES:Tax Friendly When you ask if South Carolina is a good place to live, many residents will cite Charleston as an example. Although Charleston can be a bit touristy, ret...
CITY POPULATION:37,661 SHARE OF POPULATION 65+:39.2% COST OF LIVING FOR RETIREES:3.4% below the national average MEDIAN HOME VALUE:$736,443 MEDIAN RENT:$2,995 TAX RATING FOR RETIREES:Tax Friendly If you want to take advantage of the break on South Carolina income tax for retirees but you have a little more money to spend, consider Hilton Head Islan...
CITY POPULATION:35,682 SHARE OF POPULATION 65+:22.3% COST OF LIVING FOR RETIREES:3.9% below the national average MEDIAN HOME VALUE:$299,291 MEDIAN RENT:$1,800 TAX RATING FOR RETIREES:Tax Friendly Beach-bound retirees should take a look at Myrtle Beach, which has long been one of the best places to retire in the South. The low cost of living puts it...
CITY POPULATION:38,732 SHARE OF POPULATION 65+:17.5% COST OF LIVING FOR RETIREES:9.9% below the national average MEDIAN HOME VALUE:$210,584 MEDIAN RENT:$1,395 TAX RATING FOR RETIREES:Tax Friendly If you prefer the mountains to the beach, Spartanburg should top your list of good places to live in South Carolina. You’ll get plenty of outdoor activiti...
CITY POPULATION:136,632 SHARE OF POPULATION 65+:11.3% COST OF LIVING FOR RETIREES:3.6% below the national average MEDIAN HOME VALUE:$220,612 MEDIAN RENT:$1,457 TAX RATING FOR RETIREES:Tax Friendly If access to healthcare is your top concern, Columbia is one of the best areas to live in South Carolina. Columbia offers top-class healthcare at Lexingt...
CITY POPULATION:22,545 SHARE OF POPULATION 65+:15.4% COST OF LIVING FOR RETIREES:6.1% below the national average MEDIAN HOME VALUE:$171,593 MEDIAN RENT:$895 TAX RATING FOR RETIREES:Tax Friendly Greenwood is one of the best towns to retire in South Carolina due to its scenic lake views. You’ll get small-town living without sacrificing access to dini...
- Murrells Inlet. Suburb in South Carolina. Rating 4.68 out of 5 34 reviews. Visitor: Murrells Inlet is a cute small southern town by the coast of South Carolina.
- Garden City. Suburb in South Carolina. Rating 3.44 out of 5 9 reviews. grade B. Overall Niche Grade. grade A. Public Schools.
- Hilton Head Island. Town in South Carolina. Rating 3.87 out of 5 62 reviews. Current Resident: Hilton Head Island is a wonderful tourist destination during the summer time.
- Little River. Suburb in South Carolina. Rating 4.05 out of 5 21 reviews. Current Resident: Living in little river is quite interesting since we are basically a part of north myrtle we get all of the tourists that come down because we live on a beach.
Feb 23, 2024 · Here are five reasons retirees might consider settling in the Palmetto State. 1. Climate. As Gibson notes, South Carolina summers are plenty warm but not quite as sticky as Florida’s. The average daily high during Charleston’s hot season (late May to mid-September) is around 83 degrees, four degrees less than Miami’s average during ...
Oct 4, 2024 · Best places to retire in South Carolina If South Carolina is your chosen retirement state, here are some of the best places to retire in: Charleston - Known for its historic charm, stunning architecture, and picturesque waterfront, Charleston is a top choice for retirees.
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Mar 14, 2023 · The Palmetto State's impressive retirement package starts from the fact that it doesn't tax Social Security benefits. Additionally, it also offers substantial deductions for many other retirement incomes. For instance, residents below 65 can claim a $3,000 deduction, while those over 65 can claim a $15,000 deduction.
