Should You Retire in South Carolina?
If you're thinking of relocating for retirement, consider South Carolina. It was recently ranked the fourth-best state to retire in by the folks at Bankrate. Beneath that top number is a mix of results. It was 33rd-best and 31st-best, respectively, in the quality and cost of healthcare and in crime, but ninth-best for weather and 17th-best for affordability. Let's take a closer look.
Per the World Population Review, South Carolina's cost of living is about 96.5% of the national average, with utilities costing a bit more than average, housing costing a bit less, and other factors, such as grocery costs, about average. The typical home price in South Carolina was recently $301,813 -- about 17% below the national average.
Car insurance, too, is on the medium side, averaging $3,133 annually, $116 above average. Of course, home prices will vary substantially depending on location, and desirable places, such as Charleston and Hilton Head Island, will command higher home prices.
Source Fool.com