πŸ‘ΆπŸ» Childcare Cost Calculators South Carolina

South Carolina Childcare Cost Calculator

Calculate childcare costs in South Carolina. Infant daycare ~$14,022/yr. Compare options, tax credits, and DCFSA savings.

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South Carolina Quick Facts
6.4% Income Tax Rate
0.57% Property Tax Rate
$56,227 Median Income
95 Cost of Living

How This Calculator Works

Calculation methodology and assumptions

Childcare cost calculator for South Carolina. Weekly rate pre-filled based on national averages adjusted by South Carolina's cost of living index (95). National avg: infant daycare ~$14,760/yr, preschool ~$10,600/yr. DCFSA provides pre-tax savings up to $5,000/yr. Child and Dependent Care Tax Credit: 20-35% of up to $3,000 (1 child) or $6,000 (2+ children).

Key State Information

South Carolina childcare facts: Estimated infant daycare ~$14,022/yr (~$1,169/mo) | Preschool ~$10,070/yr | Median household income $56,227 | Childcare as % of income: ~25%.

Standard financial formulas Pre-filled with real state data Estimates only β€” not financial advice
Data Source
Child Care Aware, Census Bureau
View Original Source | Verified 2024-12-01 | Updated annually

Frequently Asked Questions

How much does daycare cost in South Carolina?

In South Carolina, infant daycare averages approximately $14,022/year ($1,169/month). Preschool averages ~$10,070/year. This represents about 25% of the state's median household income of $56,227.

How can I reduce childcare costs in South Carolina?

Key strategies: (1) Use a Dependent Care FSA (save up to $5,000 pre-tax), (2) Claim the Child and Dependent Care Tax Credit (20-35% of costs), (3) Look into South Carolina state child care subsidy programs, (4) Consider family-based daycare vs centers, (5) Explore employer childcare benefits. DCFSA also saves on South Carolina's state income tax.

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