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Moving to Charleston: A Complete Guide to Living Expenses and Income

Moving to Charleston, South Carolina, offers an exciting blend of history, culture, and modern amenities that make it a desirable destination for individuals and families alike.

From the iconic Ravenel Bridge to the tranquil beaches of Sullivan’s Island, Charleston’s allure is undeniable. The city’s vibrant economy, with opportunities in fields such as healthcare, the military, and port services, makes it an attractive place for job seekers.

With its mild climate, friendly locals, and high quality of life, moving to Charleston is a decision that promises a blend of Southern hospitality and modern conveniences.

So, if you’re considering making Charleston your new home, get ready for a city that offers both the comfort of tradition and the excitement of new adventures.

Charleston, SC at a Glance

  • Charleston, SC, is a city that effortlessly blends historic charm with modern living.
  • Founded in 1670.
  • Charleston is one of the oldest cities in the United States and has earned its nickname, the “Holy City,” due to its many historic churches and steeples that punctuate the skyline.
  • This city is the home to the first public college and museum in the U.S., adding to its reputation as a hub of culture and education. If you’re considering moving to
  • Charleston, you’ll be joining a community of 150,227 residents (2020) who enjoy the city’s nearly year-round sunshine, with an average of 230 days of sun annually.
  • If you’re a fan of sports, here’s a fun fact: Charleston is where America’s first golf club was established back in 1787.
  • The city was originally called “Charles Town” before the Revolutionary War, and while much has changed since then, the essence of Charleston remains intact.
  • The Port of Charleston is also a major player, ranking among the top 10 container ports in the U.S., which contributes to the city’s thriving economy.
  • Whether you’re drawn by the history, the weather, or the job opportunities, moving to Charleston offers a unique blend of the old and new, making it an appealing destination for those looking for a city with both character and modern conveniences.

Cost of Living in Charleston, SC

Moving to Charleston comes with its financial considerations, and understanding the cost of living is key to planning your move effectively. The cost of living in Charleston, SC, is about 11.5% higher than the national average, which may seem steep at first glance [source: Raawealth].

Let’s break down where these costs come from.

When considering moving to Charleston, understanding the overall cost of living is crucial to making an informed decision. On average, living in Charleston costs about $2,650 per month for one person covering basic expenses such as rent, utilities, groceries, and entertainment.

Housing is one of the most significant expenses, with rental prices being among the highest in the United States. A one-bedroom apartment outside the city center can cost around $1,400 per month, while a similar apartment in the heart of the city might set you back $1,600.

Housing costs in Charleston can vary significantly depending on the neighborhood. Areas close to the downtown area or beaches like Isle of Palms and Folly Beach tend to have higher property values. North Charleston and suburban areas such as Mount Pleasant and West Ashley offer more affordable housing options. Prospective residents should explore different neighborhoods to find a place to live that balances cost with lifestyle preferences.

Utilities, which include gas, water, electricity, and internet, are also higher than the national average. Typically around $450 per month.

Groceries, too, are slightly pricier, with fresh produce and everyday essentials adding up to about $400 monthly.

For around $250 per month, you can enjoy local entertainment, including dining out at one of the city’s many restaurants or even maintaining a gym membership. Transportation and personal goods, like clothing or a monthly transit pass, generally round out your budget at about $150.

However, the extra cost might just be worth it for the quality of life that Charleston offers.

Income and Expense Table Comparison for Charleston, South Carolina

Since Charleston is a prominent hub known for its historic charm and vibrant culture, living expenses can be higher compared to other regions in the Lowcountry. It’s important to consider the cost of housing, which varies significantly whether you choose the proximity to Downtown Charleston or a Charleston suburb.

Category

Average Monthly Cost

Notes

Income

$2,750 (Net After Tax)

Based on average annual salary of $33,000

Expenses

 

                 

Rent (1-bed apt outside center)

$1,400

Rent for 1-bedroom apartment outside city center

Utilities (Gas, Water, Electric, Internet)

$450

Typical monthly utility costs

Groceries

$400

Includes fresh produce and everyday items

Transportation & Goods

$150

Includes monthly transit pass and basic clothing

Entertainment & Leisure

$250

Dining out, movies, gym membership, etc.

Total Expenses

$2,650

 

Net Savings

$100

Remaining income after basic expenses

This table provides a snapshot of typical income and expenses for an average resident in Charleston, SC. It’s essential to consider these factors when planning your move to ensure financial stability in your new city.

Average Salary

When moving to Charleston, one of the first questions that come to mind is, “What can I expect to earn?”

The average salary in Charleston, SC –

Description

Wage/Salary

Source

Date

Occupational Wages (Hourly)

$28.29 per hour

U.S. Bureau of Labor Statistics

May-23

Average Annual Salary

$69,000 per year

Payscale

Not specified

Average Annual Salary

$57,431 per year

ZipRecruiter

Not specified

 

If you’re in the medical field, for example, you might find opportunities that offer salaries above the city’s average, thanks to Charleston’s strong healthcare infrastructure.

The military also plays a significant role in the local economy, offering steady employment for those in or associated with the armed forces.

While $57,000 – $69,000 per year might seem modest compared to larger metropolitan areas, it’s important to remember that Charleston’s lifestyle often compensates for the difference. So, while the average salary might not be sky-high, moving to Charleston offers a quality of life that’s rich in experiences and opportunities.

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Public Transportation in Charleston

Moving to Charleston without a car?

No worries!

The city’s public transportation system has you covered, offering a range of options.

The Charleston Area Regional Transportation Authority (CARTA) operates an efficient bus service and the Downtown Area Shuttle (DASH), which are perfect for navigating the city’s most popular spots.

The DASH trolleys are a local favorite, with designated stops at iconic locations like the Charleston City Market, Waterfront Park, and the South Carolina Aquarium.

Here’s a little TREAT: the DASH service is FREEEE 😃. For both residents and tourists.

For those who need regular bus access, CARTA offers a variety of fare options to suit your needs. A single trip will cost you $3.50, but if you’re planning to use the bus frequently, consider investing in one of the multi-trip passes.

A 10-trip pass is priced at $16, while a 40-trip pass goes for $56, giving you some savings in the long run. For daily commuters, a 31-day pass costs $57, or $99 if you need the express service.

Whether you’re just zipping around Downtown or need to travel further out, Charleston’s public transportation system makes it easy and affordable to get around. So, when moving to Charleston, you can feel confident leaving the car behind and enjoying the ride on the city’s reliable transit system.

Sales Tax in Charleston

When moving to Charleston, it’s essential to factor in the local sales tax, as it will affect your day-to-day expenses. As of 2021, the sales tax rate in Charleston County is 9%.

This rate includes the South Carolina state tax of 6%, with an additional 3% that goes to local jurisdictions.

This city offers a unique blend of lifestyle benefits that justify the slightly higher tax rate 😔

Higher tax rate

The sales tax applies to most goods and services, so whether you’re shopping for groceries, dining out at one of Charleston’s many fantastic restaurants, or picking up some souvenirs from a local shop, this tax will be added to your total bill. For those planning to make significant purchases, like furniture or appliances, this is an important detail to keep in mind.

However, despite the higher tax rate, Charleston’s cost of living is still relatively affordable compared to other major cities in the U.S. The city’s charm, culture, and quality of life often make the additional cost worth it.

So, when you’re moving to Charleston and budgeting for your new life, don’t forget to account for the sales tax. It’s a small price to pay for living in one of the most vibrant and historic cities in the South.

Activities and Attractions in Charleston, SC

One of the best parts about moving to Charleston is the endless list of activities and attractions that await you. Whether you’re a history buff, a foodie, or someone who loves the great outdoors, Charleston has something to keep you entertained.

Activities and Attractions in cities

Start your adventure by exploring the city’s rich history at the many museums, like the Charleston Museum, America’s first museum, or the Aiken-Rhett House, a preserved antebellum mansion that offers a glimpse into the city’s past. If you’re in the mood for something more active, a boat tour around Charleston’s stunning harbor is a must.

You’ll get to see Fort Sumter, the site where the first shots of the Civil War were fired, and enjoy breathtaking views of the city from the water. For beach lovers, Charleston doesn’t disappoint. Head to Sullivan’s Island or Folly Beach to soak up the sun, surf, or simply relax by the ocean.

Charleston also has a reputation for being a haunted city. Why not take a haunted horse and carriage tour?

It’s a fun and slightly spooky way to learn about Charleston’s ghostly past. And when the day is done, treat yourself to some of Charleston’s famous cuisine, from fresh seafood to classic Southern dishes.

Moving to Charleston means you’ll never run out of things to do, for sure!

Explore at The Battery, a scenic promenade that offers stunning views of the harbor and a walk through history with its grand antebellum homes.

Hop on one of Charleston’s famous boat tours to see the city from the water.

Visit Fort Sumter National Monument, where the first shots of the Civil War were fired.

If you’re a nature lover, Angel Oak on Johns Island is a must-see. This ancient tree, estimated to be over 400 years old, is a breathtaking sight and a perfect spot for a peaceful afternoon.

For a dose of Charleston’s rich history, visit Drayton Hall, an impeccably preserved plantation house, or explore the city’s vibrant past at The Charleston Museum, America’s first museum.

Don’t forget to check out Sullivan’s Island and Folly Beach for a day of sun, sand, and sea—perfect for unwinding after a busy week.

Downtown Charleston is the heart and soul of the city. You can start your day with a stroll down the cobblestone streets, where you’ll find a blend of historic charm and modern vibrancy.

Foodie?

Whether you’re in the mood for oysters at Leon’s Oyster Shop, classic Southern fare at High Cotton, or a perfectly cooked steak at Halls Chophouse, there’s something to satisfy every craving.

Cruise?

After indulging in some delicious eats, head to Charleston Harbor for a relaxing cruise. On the water, you’ll get stunning views of St. Michael’s Church, the Ravenel Bridge, and Fort Sumter.

Don't Miss

Iconic Pineapple Fountain at Waterfront Park, a symbol of the city’s hospitality.

Don't Miss

The city offers a wide range of shopping experiences, from high-end boutiques to charming local markets. King Street is the epicenter of Charleston’s shopping scene. Divided into three distinct areas—Upper King, Middle King, and Lower King—this street has something for everyone.

Upper King is known for its trendy boutiques and unique shops where you can find everything from chic clothing to one-of-a-kind home decor.

Middle King is the heart of Charleston’s retail, featuring well-known brands and luxury stores, perfect for those looking to indulge in some serious retail therapy. If you’re in the mood for antiques and art,

Lower King is the place to be, with galleries and antique shops lining the street. For a more local experience, head to the Charleston City Market, one of the nation’s oldest public markets.

Read these blogs if you have few minutes to read:

Spots For kids

Magnolia Plantation and Gardens, where kids can explore the beautiful gardens, learn about the history of slavery in the South, and even visit the small petting zoo.

If your children enjoy animals, the South Carolina Aquarium is another top destination.

Take the kids to Splash Zone Waterpark at James Island County Park. This waterpark is a hit during the summer, offering plenty of slides, pools, and splash pads to keep them entertained for hours.

Whether you’re soaking up history or enjoying the natural surroundings, there’s always something to see and do in Charleston.

Charleston Job Market

The job market in Charleston is robust and diverse, supported by various industries including tourism, technology, manufacturing, and healthcare.

The proximity of Charleston International Airport bolsters both the travel and commerce sectors, facilitating international business. The Charleston Area Regional Transportation Authority ensures efficient commute options for residents.

Plus, College of Charleston provides a steady influx of talent and resources that strengthen the local economy. Relocating to Charleston is increasingly appealing for professionals seeking opportunities in this flourishing job market.

Education in Charleston

Charleston is home to a diverse array of educational institutions, offering everything you need for a well-rounded education. Whether you’re looking for public schools, private institutions, or charter schools, Charleston has plenty to offer students at various educational levels.

Nestled in the heart of South Carolina’s vibrant Lowcountry, Charleston University offers an array of opportunities both inside and outside its campus. Students can immerse themselves in the rich cultural tapestry of the region, with access to world-class performances at the Charleston Symphony.

Charleston University’s prime location places it among some of the most esteemed schools in South Carolina. This University provides a diverse and enriching educational experience in one of the most historically and culturally significant areas of the United States.

Charleston University, one of the premier schools in South Carolina, offers a diverse range of academic programs and extracurricular activities that cater to students from various backgrounds.

Another notable institution is the College of Charleston, a prestigious university situated in the must-see Charleston, renowned for its history and vibrant student life.

Read more: Charleston Education Overview

Charleston Weather

Is the Climate Suitable for Outdoor Activities?

The climate in Charleston is one of its significant attractions, particularly for those who enjoy outdoor activities. The region experiences a humid subtropical climate, characterized by mild winters and hot, humid summers.

This allows for year-round activities such as –

  • Beach outings🏖️
  • Boating ⛵
  • Golfing ⛳
  • Biking 🚴‍♂️

The pleasant weather also supports various local festivals and events that take place throughout the year.

What Are Common Weather Conditions in Charleston?

Common weather conditions in Charleston include warm summers with temperatures often reaching the high 80s to low 90s Fahrenheit and mild winters with averages in the 50s.

Rain is evenly distributed throughout the year, though the summer months can see sudden, short-lived showers. The region’s coastal position also means it’s susceptible to humidity, which is most notable during summer.

How Do Hurricanes Impact the Charleston Area?

The Charleston area is vulnerable to hurricanes, typically during the Atlantic hurricane season🌀🌀🌀 which runs from June to November. While not every year brings a significant storm, preparedness is crucial.

The city and Charleston County have well-established emergency services and evacuation plans to ensure residents’ safety. Even outside of the hurricane season, the coastal location can occasionally bring about strong wind and rainstorms, necessitating robust building standards to withstand such conditions.

Best Places to Live in Charleston, North Carolina

Charleston, is a coastal gem.

Among the top places to consider is Mount Pleasant, a popular suburb of Charleston that offers a blend of high-end boutiques, family-friendly parks, and top-rated schools. With easy access to downtown Charleston and beautiful beaches, Mount Pleasant is a highly sought-after location for those looking for a balanced lifestyle.

For individuals who prefer a more urban vibe, the downtown area lets you experience the vibrant culture that flows throughout the city. Here, you can enjoy historic homes, cobblestone streets, and a plethora of dining options. The neighborhood is also known for its proximity to the Charleston Airport, making it convenient for frequent travelers.

If you have a penchant for arts and entertainment, North Charleston is another area worth considering. Not only is it economically thriving, but it is also home to the dynamic North Charleston Coliseum, where a variety of concerts, sports events, and live performances regularly take place. This area also provides numerous employment opportunities and recreational activities – Most desired factors for everyone.

Conclusion

Surely, moving to Charleston, SC, is not just a change of address but a gateway to a lifestyle rich in culture, history, and Southern charm.

While the cost of living may be slightly higher than the national average, the benefits of residing in this vibrant city are well worth it. Charleston’s diverse job market, beautiful weather, and plethora of recreational activities ensure that there’s something for everyone.

Whether you’re drawn by the city’s historic landmarks, like Fort Sumter and the Angel Oak Tree, or the modern conveniences of its thriving downtown, Charleston has much to offer.

Moving to Charleston — it’s beginning a new chapter in a city where the past and present beautifully coexist.

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Frequently Asked Questions (FAQs)

Q: Should I Live in Downtown Charleston or North Charleston?

A: Downtown Charleston is ideal for those who wish to immerse themselves in the city’s rich history and vibrant cultural scene. It’s a pedestrian-friendly area with numerous shops, restaurants, and historical sites.

North Charleston, on the other hand, is more suburban and offers more affordable housing options, parks, and family-oriented amenities. It’s also closer to Charleston International Airport, which can be a significant advantage for frequent travelers.

Q: What are the Benefits of Residing in Mount Pleasant?

A: Mount Pleasant is one of the most sought-after suburbs in the Charleston area. It offers a peaceful residential environment with top-notch schools, making it ideal for families.

The town features beautiful parks, waterfront views, and easy access to the Ravenel Bridge, connecting it seamlessly to Downtown Charleston.

Additionally, Mount Pleasant hosts several annual events and farmers markets, fostering a strong sense of community among residents.

Q: Are West Ashley and Daniel Island Family-Friendly?

A: West Ashley and Daniel Island are both excellent choices for families.

West Ashley offers a mix of suburban and rural vibes with good schools, parks, and shopping centers. The area is rich in history and has a slower pace compared to downtown.

Daniel Island, located on the northeast side of Charleston, is a planned community known for its high quality of life, excellent schools, and numerous recreational opportunities. Both areas provide a safe and nurturing environment for raising children.

Q: Why do people move to Charleston, SC?

A: People move to Charleston for its charming historic architecture, vibrant cultural scene, and idyllic coastal lifestyle. The city in South Carolina offers a blend of southern hospitality, world-class dining, and a booming job market, making it a very attractive place to live.

Q: What are some of the best places to live in Charleston?

A: Downtown, Mount Pleasant, Daniel Island, and West Ashley.

Q: Are there good schools in the Charleston area?

A: Yes, there are several excellent public and private schools in the Charleston area. Additionally, higher education institutions like the College of Charleston provide numerous educational opportunities.

Q: How accessible is Charleston International Airport?

A: Charleston International Airport is highly accessible, located just 12 miles from downtown Charleston and offering numerous domestic and international flights.

Q: How do I get around Charleston, SC?

A: To get around Charleston, you can make use of the city’s public transportation system, which includes buses and the downtown area shuttle (DASH) buses.

Many residents find that biking or walking is convenient, especially in the historic downtown area. Ride-sharing services like Uber and Lyft are also widely available.

Q: Is Charleston, SC a good place for families?

A: Absolutely, Charleston is a great place for families. The city boasts numerous family-friendly amenities, including parks, playgrounds, and excellent schools. With a focus on community and a wide range of activities, Charleston offers a wholesome environment for raising children.

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