Your Golden Years in the Palmettos: Retiring in South Carolina

Although South Carolina garners its nickname of “The Palmetto State” from its famous Sabal Palmetto tree that lines nearly 200 miles of coastline, the state has so much more to love than just its trees and beaches. One perk in particular? It’s a wonderful place to retire! 

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Benefits of Retiring in South Carolina

Yep, it’s no surprise: South Carolina has some pretty incredible beaches. But in addition to its gorgeous coastline, the state offers plenty of other outdoor excitement, as well as mild weather throughout the entire year. And history buffs can always find somewhere to explore in South Carolina, as it was one of the original 13 states to make up the union. There are battlefields, famous forts, and towns featuring some unique colonial history to explore right at your fingertips while living in the Palmetto State.

Retiring in South Carolina – FAQs

Q: Is South Carolina a good state for retirees?
A: With an affordable cost of living, tax benefits for retirees, beautiful summers, and mild winters, it’s no surprise that South Carolina is often thought of as one of the best places for retirees to live in the U.S.

Q: What are the benefits of living in South Carolina for retirees?
A: South Carolina is proud to represent southern hospitality at its finest — its cities and towns are dripping with southern charm. And whether you prefer to be immersed in some of the state’s rich history or surrounded by beautiful beach views, there's a place every retiree can proudly call home in South Carolina! 

Q: What are the pros and cons of retiring in South Carolina?
A: If you decide to retire in South Carolina, you’ll certainly be able to enjoy the beautiful coastline and ideal weather, among many other benefits. But, just as it is anywhere else, you’ll also have to deal with a few unpleasant things, like the potential for extreme weather and expensive real estate in certain areas. 

Q: Where is better to retire, Florida or South Carolina?
A: That depends on your personal preferences, of course. But when comparing the cost of living in South Carolina and Florida, South Carolina’s cost of living is much cheaper overall. South Carolina has a cost of living index of 89.3, while Florida has a cost of living index of 103.1 — much higher than the national average of 100. A big reason why Florida is more expensive is because of its higher-than-average housing value.

Retiring in South Carolina – Pros and Cons

To help balance your options and figure out if the Palmetto State is right for you, check out some of the major pros and cons you can expect to experience if you decide to retire in South Carolina. 

Pro: Ideal Warm Weather

One of the biggest benefits of retiring in South Carolina is getting to enjoy warm weather all year, which is why so many retirees end up here rather than the slightly colder state of North Carolina. Winters are very mild, and the spring and fall provide the most ideal weather for lots of outdoor activities.

Con: Annoying Bugs

Due to the warm climate in South Carolina and other areas in the south, various kinds of bugs, such as fire ants, cockroaches, and mosquitoes, can be found throughout the state. Termites are also rampant in some parts of South Carolina, which can cause damage to your home.

Pro: Outdoor Living at Its Best

South Carolina's coast is known for its beautiful beaches and numerous attractions. One of these is Myrtle Beach, which is a vacation resort that offers a variety of entertainment options and beach-centric activities. Some of the attractions that residents enjoy there include the Skywheel and beautiful sunset walks in the evening.

Residents throughout the state also enjoy a wide range of activities that involve forest trails, lakes, and picturesque walking among the hills. The best forests in South Carolina include the Francis Marion and Sumter National Forest and Congaree National Park, and both neighboring states of North and South Carolina are also known for their lovely greenscapes.

Con: Extreme Weather

Because South Carolina is situated directly in the southeastern region of the United States, it is prone to storms, floods, hurricanes, and tornadoes. However, extreme weather is a common problem in many popular retirement spots, including Florida.

Pro: Lots of History

South Carolina played a crucial role in the Civil War and was one of the original 13 colonies in the United States. The city of Charleston has a lot of historical architecture and important landmarks, such as Fort Sumter and the Aiken-Rhett House.

Con: Expensive Home Prices in Certain Areas

While you can take advantage of low property taxes in South Carolina, those looking to buy coastal property in a desirable area like Charleston or Myrtle Beach will have to spend a decent amount of money. Just like with many big cities (especially coastal ones) across the U.S., the housing prices will always get more expensive the closer you get to the water.

The Best Places to Retire in South Carolina

1. Charleston, SC

• Average rent (one-bedroom): $2,000
• Average home value: $528,800
• Great for: Hospitality, history, unique architecture

Those looking to relocate to South Carolina will find Charleston's southern charm and history appealing. The locals are very welcoming and friendly, and the culture in the area is best characterized by proper manners and hospitality.

As one of the oldest cities in the state, Charleston has plenty of well-preserved colonial-style structures along its beautiful cobbled streets. One of the most famous sites in the area is Fort Sumter, which was the site of the first shots of the American Civil War. It's also home to various other historical landmarks, such as the Drayton Hall mansion and the Magnolia Cemetery.

2. Columbia, SC

• Average rent (one-bedroom): $1,400
• Average home value: $221,200
• Great for: Fun attractions, vibrant downtown area, music performances 

Columbia, South Carolina's capital, is home to a variety of interesting attractions, including the Riverbanks Zoo & Garden, which is a great place to visit with your grandkids. The city also boasts the largest indoor entertainment venue in the state, the 18,000-seat Colonial Life Arena.

Columbia is a college town, so it has more of a vibrant atmosphere that’s different from other cities and towns in the state. Its downtown area is full of trendy restaurants and bars, as well as live music performances throughout the year.

3. Greenville, SC

• Average rent (one-bedroom): $1,425
• Average home value: $296,400
• Great for: Art, culture, history

Greenville is regarded as one of the best cities in the state and has even been named one of Forbes magazine's Best Downtowns in America.

Greenville has a wide variety of art and culture to offer visitors and residents, especially retirees. The Museum of Art in the city features a huge collection of works by prominent southern artists, and the Upcountry History Museum is a must-visit for anyone who lives in the area, to explore Greenville's history and get a picture as to what life was like in Upstate South Carolina.