How Much Does it Cost to Live in Charleston, South Carolina?

Living in a dream city such as Charleston, South Carolina sounds like an absolute pleasure for most people. But for some, the road to living their dream can be filled with budgeting nightmares and economic concerns. How much does it cost to live in one of the most beloved metropolitan cities in the United States? Answering this important question requires understanding of both the economic situation of Charleston and also the prices for different items and services in the area.

Current Economic Situation of Charleston

The economic situation of Charleston is one of the strongest in the country. The unemployment rate for the city sits at 3.2%, which is approximately 0.3% lower than the national average. In terms of job growth, Charleston has seen a 25.6% increase since 2016. According to Smart Asset, a financial platform website, “Charleston has the third-largest job growth in the nation”. Thanks to the wealth of job opportunities, average wages have gone up 7.6% since 2016. The result of all this is a healthy real estate market; this state of affairs means that prices for both buying and renting a property have gone up considerably over the past few years.

How Much Does It Cost To Live In Charleston?

The cost of living in Charleston is higher than both the state and national averages. According to Numbeo, a global database of user-generated content about cities and countries, average rental prices for an unfurnished apartment for one month can be as high as $1600 for a one-bedroom apartment, and as much as $2300 for a three bedroom apartment. Prices for groceries are on par with state averages, with prices for restaurants also slightly higher. Utility bills are generally considered to be cheaper in Charleston compared to other places in South Carolina. For example, residents pay an average of $150 dollars per month for electricity and gas combined, while internet bills can vary anywhere between $20 and $60 per month. Taxes are also an important consideration when planning on moving to Charleston: income tax is set at 5%, while sales tax can range up to 8%. Property taxes can be quite high; median homeowner property taxes amount to nearly 2%, while median taxes on rental properties are slightly higher at 2.15%. These taxes also make it more difficult for aspiring first-time homeowners to save enough money to purchase a home.

Pros and Cons of Living in Charleston

Despite its higher costs, living in Charleston still has many advantages, from its lovely beaches to its vibrant culture and history. As far as crime rates go, the city has seen decreases in both aggravated assaults and burglaries, falling by 3.2% and 8.5% respectively since 2016, according to NeighborhoodScout. Charleston is also perfectly situated for outdoor activities; its location on the Atlantic Coast ensures amazing climates all year round and gorgeous beaches only minutes away from downtown area. In addition, Allston is only 90 miles away from some of America’s most popular attractions in Myrtle Beach, such as the Legends Golf Resort, Broadway at the Beach and Wonderworks amusement park. All in all, living in Charleston can be quite expensive; however, it pays off with cheaper utility bills and access to some of the most amazing attractions in the country. The city’s amazing history, temperate climate and lovely beaches are definitely worth the extra cost, especially for those who want to enjoy life at its fullest! Source:Cost of Living in Charleston

An Insider’s Guide to Charleston, South Carolina

Charleston, South Carolina is a city steeped in history and culture, filled with hidden gems and untold stories. As an insider, I would love to share with you some of the best places to visit and experiences to be had in Charleston.

Local Attractions

While tourists often flock to well-known destinations like the Battery or Rainbow Row – both of which are well worth a visit – Charleston is also home to several hidden gems that only locals know about. One of my personal favorites is the Angel Oak Tree, which is believed to be more than 400 years old and has a trunk measuring over 25 feet in circumference. Another lesser-known attraction is the Charleston Tea Plantation, where visitors can learn about the history of tea cultivation in America and taste some of the freshest tea around.

Dining Spots

Charleston is renowned for its cuisine, with a focus on seafood and Southern comfort food. But there’s more to the city’s food culture than shrimp and grits (although you should definitely try them!). For an authentic Charleston meal, head to Husk, which specializes in farm-to-table cuisine that showcases local ingredients and flavors. If you’re in the mood for something sweet, check out Sugar Bakeshop, which offers delectable desserts like buttermilk pie and coconut cake. And for a true Charleston experience, visit the Charleston City Market, where you can find hand-woven sweetgrass baskets and sample snacks like boiled peanuts and benne wafers.

Cultural Experiences

Charleston’s history and traditions are a big part of what makes the city so special. One way to immerse yourself in the local culture is by attending the Spoleto Festival USA, an annual 17-day event that showcases music, theater, dance, and visual arts from around the world. Another cultural gem is the Avery Research Center for African American History and Culture, which serves as a museum and archives documenting the African American experience in Charleston and beyond.

Local History

Charleston has a rich and complex history, with moments of triumph and tragedy. For a glimpse into some of the city’s past, visit the Nathaniel Russell House, a Federal-style mansion that offers a stunning look at the opulence and lifestyle of Charleston’s elite in the early 19th century. For a more sobering experience, head to the Old Slave Mart Museum, which tells the story of Charleston’s role in the transatlantic slave trade and the struggles and triumphs of enslaved people in the city.

Off-the-Beaten-Path Suggestions

For a truly unique experience in Charleston, take a walk (or a bike ride) on the Ravenel Bridge, which spans the Cooper River and offers breathtaking views of the city and harbor. Another unconventional destination is the Magnolia Cemetery, which is much more than just a burial ground – it’s also an outdoor museum filled with intricate gravestones and mausoleums, plus plenty of history and folklore. And if you’re looking for a little bit of adventure, try paddleboarding or kayaking along the Ashley River, where you can spot dolphins and pelicans and enjoy the city from a whole new perspective.

Charleston truly has something for everyone, from history buffs to foodies to nature lovers. By exploring the hidden gems and unique experiences that this city has to offer, you can create memories that will last a lifetime.