📈 Investment & Retirement Calculators South Carolina

South Carolina Retirement Calculator

Plan your retirement in South Carolina. Factor in lower cost of living and state income tax. Free calculator.

Free — No Sign-up Verified Data Editorially Reviewed Updated Feb 2026

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

Retirement planning for South Carolina. South Carolina taxes retirement income at rates up to 6.4%. Cost of living index: 95 (100 = national avg). Desired income is pre-filled based on 80% of South Carolina's median household income, adjusted for local costs. Uses compound growth with 4% safe withdrawal rate.

Key State Information

Retiring in South Carolina: South Carolina taxes retirement income at rates up to 6.4%. Cost of living: 95/100. Property tax: 0.57%. Median home: $280,000. Average home insurance: $2,650/yr.

Standard financial formulas Pre-filled with real state data Estimates only — not financial advice

Data Source

Census Bureau, Tax Foundation, SSA

View Original Source | Verified 2024-12-01 | Updated annually

Frequently Asked Questions

Is South Carolina a good state to retire in?

South Carolina's state income tax of up to 6.4% may reduce retirement income significantly. Cost of living is near the national average. Median home price: $280,000.

How much do I need to retire in South Carolina?

Using the 4% rule, to generate $3,748/month (80% of South Carolina median income) you'd need approximately $1,124,540 saved. Adjust up or down based on your lifestyle and housing costs.