The median home price in Charleston is $510,992, but this isn’t representative of all the houses in the area. Much of the variance depends on where in or near the city you choose to live, how large your chosen house is, and what the house’s age and condition are. Overall, Charleston’s housing costs range from the national average to 14.8% above the national average. Like many areas, housing prices spiked in the past two years. Housing costs have been steadily creeping upward as people have been moving to Charleston in recent years. Some calculators also let you input specific expense amounts, so you can see how spending more/less on housing, transportation, groceries, entertainment, travel or other categories affects the cost of living comparison. A calculator will let you input the nearest town or city to you, which will provide a more accurate comparison. The best way to find out how much more or less you’ll spend living in Charleston is to use a cost of living calculator. How you spend your money can also have a sizeable impact, as some categories differ more than others. How Charleston’s cost of living compares to where you’re moving from depends on the state and city/town that you’re currently in. Charleston costs 84.3% less to live in than San Francisco, California.Charleston costs 78.7% less to live in than New York, NY.Charleston costs 49.3% less to live in than Boston, Massachusetts.Charleston costs 13.2% less to live in than Chicago, Illinois.Charleston costs 9.8% less to live in than Miami, Florida.Charleston costs 4.4% more to live in than Dallas, Texas.For example, here’s how much cheaper/more expensive it is to live in Charleston than a few other cities: Cost of Living Comparison With Charleston, SCĬomparing the cost of living in Charleston, SC to that of some other major cities shows just how affordable Charleston is. That increase is lower than the Federal Reserve’s 2.0% target long-term inflation rate, and it’s certainly much less than how quickly some other cities’ costs of living are rising. Prices for common goods and services were up 1.5% in 2022, compared to the previous year’s numbers. Most people can afford to live in the city on a working-class income.Īdditionally, the cost of living here isn’t rapidly increasing. Although this is technically above average, it’s within a standard deviation and not far from what people should expect a typical city’s costs to be. An index of 100 is perfectly average.Ĭharleston’s index of 111.5 indicates that its cost of living is 11.5% higher than the average U.S. cities, and compares them after taking into account different expense considerations. The index quantifies the cost of living in many U.S. The Council for Community and Economic Research assigned Charleston an index of 111.5 in 2020. The city’s cost of living is largely within what a typical person or family can afford. Many everyday individuals, couples and families are attracted to Charleston, SC in part because it’s an affordable place to live. What is the Cost of Living in Charleston, SC? How has inflation affected insurance prices in Charleston?.Inflations effect on the food and community in Charleston?.Inflations effect on the economy in Charleston?.Inflations effect on the housing market in Charleston?.Inflations effect on the financial market in Charleston?.Experts weight in on the effects of inflation in Charleston.Is It Expensive to Live in Charleston, SC?.Is Charleston, SC a Good Place to Retire?.Is Charleston, SC a Good Place to Live?.How Far is Charleston From Myrtle Beach?.How Far is Charleston From Hilton Head?.Flight Prices in Charleston, South Carolina.What is the Nearest Airport to Charleston?.Other Financial Benefits of Moving to the Charleston Area.Average Office Space Rental Costs in Charleston.Education Costs in Charleston, South Carolina.Minimum Wage & Average Salary in Charleston.Calculating Salary Based on Living Wage.Calculating Salary Based on Housing Costs.What Salary Do I Need to Live in Charleston?.Gasoline Tax in Charleston, South Carolina.
Alcohol & Tobacco Taxes in Charleston, South Carolina.Sales Tax in Charleston, South Carolina.Property Taxes in Charleston, South Carolina.Charleston Income Tax Brackets and Rates for All Filers.Income Taxes in Charleston, South Carolina.Other Expenses to Consider in Charleston.Average Apartment/Townhouse Rental in Charleston.Cost of Living Comparison With Charleston, SC.What is the Cost of Living in Charleston, SC?.
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