Cost of Living in Charleston, S.C. vs. other U.S. Cities (35 City Comparison)

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The debate about cost of living increases in Charleston has come under tremendous scrutiny and pressure the last few years.? Many speculate that this region is taking advantage of the recent notoriety and utilizing opportunism to raise prices across the board on housing, leisure and taxation.? We wanted to see if there was validity to the concerns.

We reviewed cost of living in Charleston and weighed it against some of the large and mid-sized U.S. cities to see how we compare.? The results may surprise you.

To provide some reference, Numbeo has provided the cities with the highest cost of living globally.? The top cities in the United States are:

  • New York City, NY
  • San Francisco, CA
  • Anchorage, AK
  • Honolulu, HI
  • Brooklyn, NY
  • Rockville, MD
  • Bloomington, IN
  • Washington D.C.
  • Santa Rosa, CA
  • Arlington, VA

Annual Costs needed for a family of 2 adults and 2 children – 35 City Comparison

  • Memphis, TN – $52,971
  • Hilton Head, SC – $54,913
  • Oklahoma City, OK – $55,496
  • Myrtle Beach, SC – $58,649
  • Charleston – $60,067
  • Houston, TX – $60,608
  • Louisville, KY – $60,764
  • Cleveland, OH – $60,900
  • Dallas, TX – $61,150
  • Salt Lake City, UT – $62,003
  • Birmingham, AL – $63,041
  • Savannah, GA – $63,335
  • Orlando, FL – $63,516
  • Atlanta, GA – $63,888
  • Santa Fe, NM – $63,909
  • Austin, TX – $64,657
  • Pittsburgh, PA – $64,691
  • Charlotte, NC – $65,492
  • Jacksonville, FL – $66,321
  • Raleigh, NC – $66,470
  • Portland, OR – $67,802
  • Richmond, VA – $68,845
  • Minneapolis, MN – $69,636
  • Denver, CO – $71,104
  • Chicago, IL – $71.995
  • Seattle, WA – $72,274
  • Virginia Beach, VA / Norfolk, VA – $73,994
  • San Diego, CA – $74,425
  • Madison, WI – $75,252
  • Boulder, CO – $76,017
  • Philadelphia, PA – $76,393
  • Hartford, CT – $81,623
  • Boston, MA – $85,793
  • New York City, NY – $98,722
  • Washington, D.C. – $106,493

35 city average:? $70,813

Charleston, South Carolina – $60,067 (85% against the average) and the fifth (5th) lowest on the list of 35 reviewed cities.

*Data provided by EPI.org

Latest Cost of Living and Population Data for Charleston, South Carolina – How Do We Compare

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Cost of living is an important topic in Charleston, South Carolina.? It continues to stir up much debate, good and bad.? We have looked at three sources and compiled a summary of the latest cost of living and population statistics and how they compare with the rest of the state and country.? To add some perspective, we have also included links to the most expensive area homes for sale.

This data does bring awareness and hopes it continues the conversation.

This data looks closely at rent, home ownership, utilities, population averages, unemployment, commute, utilities, household goods and entertainment.

We welcome your thoughts and comments below.

 

Median Age:? 33.2
Married Population:? 41.2%
Unemployment Rate:? 4.4%
30 Year Fixed Mortgage:? 3.638%
Median Home Price:? $261, 400
Average Commute Time:? 22 Minutes

Breakdown of individual costs

 

 

Cost of Living Comparison

Cost of Living Charleston: 114

Cost of Living South Carolina: 97

Cost of Living National: 100

Most Expensive Charleston Area Home Listings on Trulia

Million Dollar + Home Listings in Charleston Area on Trulia

Source:? Sperling’s Best Places, Expatistan and Area Vibes

Cost of Living in Charleston, SC vs Rest of the United States

Wondering how Charleston Cost of Living compares with other United States Cities.

Here is your chance to find out.

Look at the latest Charleston and South Carolina Cost of Living analytics and use the calculator to find out how we compare with other cities.

Index Charleston South Carolina National
Goods & Services index 102 101 100
Groceries index 108 109 100
Health care index 107 100 100
Housing index 131 80 100
Transportation index 94 93 100
Utilities index 112 104 100

?

Index Charleston South Carolina National
Cost of living index 112 95 100

 

Did You Know

  • The cost of living in Charleston is 18% higher than the South Carolina average.
  • The cost of living in Charleston is 12% higher than the national average.
  • The cost of housing in Charleston is 31% higher than the national average.
  • South Carolina general sales tax is 18% higher than the national average.
  • South Carolina state income tax is 100% lower than the national average.

*Source – Areavibes.com

Cost of Living Comparison Calculator

Cost of Living in Charleston, SC – Updated July 2016

Restaurants Average Range
Meal, Inexpensive Restaurant 10.00?$ 7.9912.00
Meal for 2 People, Mid-range Restaurant, Three-course 72.50?$ 45.0080.00
McMeal at McDonalds (or Equivalent Combo Meal) 7.14?$ 5.008.00
Domestic Beer (1 pint draft) 4.00?$ 3.505.00
Imported Beer (11.2 oz small bottle) 6.00?$ 5.506.00
Cappuccino (regular) 4.45?$ 3.756.00
Coke/Pepsi (11.2 oz small bottle) 1.75?$ 1.502.00
Water (11.2 oz small bottle) 1.61?$ 1.392.00
Markets Average
Milk (regular), (1 gallon) 3.75?$ 2.005.00
Loaf of Fresh White Bread (1 lb) 2.44?$ 2.002.99
Rice (white), (1 lb) 1.64?$ 0.913.00
Eggs (12) 2.93?$ 2.003.79
Local Cheese (1 lb) 5.00?$ 4.006.00
Chicken Breasts (Boneless, Skinless), (1 lb) 5.83?$ 5.006.50
Beef Round (1 lb) (or Equivalent Back Leg Red Meat) 4.50?$ 4.005.00
Apples (1 lb) 2.50?$ 2.003.00
Banana (1 lb) 0.57?$ 0.450.69
Oranges (1 lb) 3.00?$ 3.003.00
Tomato (1 lb) 3.24?$ 2.724.00
Potato (1 lb) 2.45?$ 0.914.00
Onion (1 lb) 2.95?$ 0.915.00
Lettuce (1 head) 2.15?$ 2.002.29
Water (1.5 liter bottle) 3.50?$ 3.004.00
Bottle of Wine (Mid-Range) 14.99?$ 12.0016.00
Domestic Beer (0.5 liter bottle) 1.65?$ 1.302.00
Imported Beer (11.2 oz small bottle) 2.33?$ 1.673.00
Pack of Cigarettes (Marlboro) 5.80?$ 5.795.89
Transportation Average
One-way Ticket (Local Transport) 2.00?$ 1.753.00
Monthly Pass (Regular Price) 40.00?$ 0.0057.00
Taxi Start (Normal Tariff) 5.00?$ 5.005.00
Taxi 1 mile (Normal Tariff) 1.88?$ 1.752.00
Taxi 1hour Waiting (Normal Tariff) 12.00?$
Gasoline (1 gallon) 1.94?$ 1.802.10
Volkswagen Golf 1.4 90 KW Trend line (Or Equivalent New Car) 21,000.00?$ 17,000.0025,000.00
Utilities (Monthly) Average
Basic (Electricity, Heating, Water, Garbage) for 915 sq ft Apartment 180.69?$ 127.50228.73
1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans) 0.10?$ 0.100.10
Internet (10 Mbps, Unlimited Data, Cable/ADSL) 55.75?$ 49.9965.00
Sports And Leisure Average
Fitness Club, Monthly Fee for 1 Adult 50.20?$ 20.0075.00
Tennis Court Rent (1 Hour on Weekend) 10.00?$ 0.0015.00
Cinema, International Release, 1 Seat 11.00?$ 9.0012.00
Clothing And Shoes Average
1 Pair of Jeans (Levis 501 Or Similar) 47.86?$ 35.0055.00
1 Summer Dress in a Chain Store (Zara, H&M, …) 42.80?$ 30.0060.00
1 Pair of Nike Running Shoes (Mid-Range) 68.17?$ 55.0085.00
1 Pair of Men Leather Business Shoes 81.25?$ 50.0095.00
Rent Per Month Average
Apartment (1 bedroom) in City Center 1,533.33?$ 1,000.002,000.00
Apartment (1 bedroom) Outside of Center 1,043.75?$ 900.001,200.00
Apartment (3 bedrooms) in City Center 2,633.33?$ 2,500.003,000.00
Apartment (3 bedrooms) Outside of Center 1,556.25?$ 1,200.002,000.00
Buy Apartment Price Average
Price per Square Feet to Buy Apartment in City Center 481.00?$ 400.00562.00
Price per Square Feet to Buy Apartment Outside of Center 162.67?$ 156.00175.00
Salaries And Financing Average
Average Monthly Disposable Salary (Net After Tax) 3,400.00?$
Mortgage Interest Rate in Percentages (%), Yearly 4.08 3.754.50

Prices in Charleston, South Carolina, United States

These data are based on 344 entries in the past 18 months from 64 different contributors.
Last update: July, 2016
Ranking Fact in United States:
10th Cheapest Gasoline (1 liter) (Transportation) out of 157 Cities in America
31st Cheapest Tennis Court Rent (1 Hour on Weekend) (Sports And Leisure) out of 154 Cities in America
31st Cheapest 1 Pair of Nike Running Shoes (Mid-Range) (Clothing And Shoes) out of 157 Cities in America
2nd Most Expensive Tomato (1kg) (Markets) out of 157 Cities in America
2nd Most Expensive Water (1.5 liter bottle) (Markets) out of 157 Cities in America
2nd Most Expensive Onion (1kg) (Markets) out of 156 Cities in America

Provided by Numbeo.com