Comprehensive salary data, cost of living, tax rates, and employment information for South Carolina.
Reviewed by Alexander O.M., MBA, BSc Engineering•Updated
South Carolina has become one of the most active foreign-direct-investment destinations in the US — BMW's Spartanburg plant is now the automaker's largest factory in the world by output, Boeing assembles the 787 Dreamliner in North Charleston, and Volvo, Mercedes-Benz Vans, and Michelin all operate major facilities in the state. That manufacturing base, combined with a $7.25/hour minimum wage at the federal floor and a right-to-work labour framework, has drawn consistent investment over three decades. The $63,623 median household income is below the national average, but the cost-of-living index of 94 gives households reasonable effective purchasing power. Charleston, Columbia, and Greenville are the three economic centres — Charleston's tourism-and-port economy is distinct from the Upstate's manufacturing cluster around Greenville-Spartanburg, which in turn is distinct from Columbia's state-government and insurance economy. The state income tax was reformed in 2023 and 2024 and currently ranges from 0 to 6.5%, with a path toward 6% under enacted legislation. Military employment is significant — Joint Base Charleston, Shaw AFB, Fort Jackson, and Parris Island Marine Recruit Depot collectively employ thousands. Property taxes are low. Full data follows.
Median Individual
$32,350
per year
Median Household
$63,623
per year
Cost of Living
94
Affordable (US avg = 100)
State Income Tax
0-6.5%
rate
Salary Overview for South Carolina
The median individual income in South Carolina is $32,350 per year, while the mean (average) individual income is $42,640. The median household income is $63,623.
Cost of Living Adjusted Salary
South Carolina's cost of living index is 94 (national average = 100). This means the median salary of $32,350 in South Carolina has the purchasing power of approximately $34,415 at the national average cost of living. Your dollar goes further in South Carolina than in most states.
Minimum Wage in South Carolina
The current minimum wage in South Carolina is $7.25/hour, which equals approximately $15,080 per year for a full-time worker (40 hours/week, 52 weeks). See our complete South Carolina minimum wage guide for tipped wages, scheduled increases, and more.
Top Employers in South Carolina
Prisma Health
BMW
Boeing
Major Industries in South Carolina
Manufacturing
Tourism
Military
Tax Rates in South Carolina
See the full tax breakdown including income tax, sales tax, property tax, and more on our South Carolina tax rates page.
Calculate Your Take-Home Pay
Use our Salary Calculator to convert between hourly, weekly, monthly, and annual pay, and estimate your take-home pay in South Carolina after federal and state taxes.