What One Should Know About Retiring in the State of South Carolina

Retiring in the state of South Carolina has numerous advantages. South Carolina is a pleasant place to live. It has warm weather year round. South Carolina has beautiful beaches, golf courses, scenic attractions and many other forms of entertainment. The state has a low cost of living, does not tax social security income and provides numerous tax breaks for retired senior citizens. South Carolina also has numerous specialized hospitals and clinics that cater to the needs of senior citizens.

Entertainment Opportunities in Southern Carolina

Myrtle Beach is a popular place in Southern Carolina that one will not want to miss out on. There are casino cruises, live theater and shows, amusement parks and fishing opportunities. Bohicket Marina and Market is another enjoyable place to visit. One can go for a stroll, admire the scenery and do a bit of shopping. There are also numerous historic mansions and plantations that one can visit.

Some of the best cities to retire to in South Carolina are Charleston, Summerville, Hilton Head, Myrtle Beach and Beaufort. Myrtle Beach and Beaufort have active retirement communities for senior citizens who are still active and in good health.


The Cost of Retiring in South Carolina

A person who is considering retiring in the state of South Carolina should consider the costs. Fortunately, South Carolina is an affordable place to retire. While an average retiree would spend about $3,500 a month on food, utilities, travel, medical expenses and entertainment, a person retiring in this state can live comfortably on a little over $2,600 a month.

The cost of buying a house in South Carolina is quite high. A person can expect to spend between $180,000 and $370,000 for a three bedroom home. However, rents in South Carolina are not at all expensive. The average rent comes to a bit over $600 a month.

Retiring in the state of South Carolina can be a good idea. South Carolina has many forms of entertainment both for active and inactive retirees. Part time employment for seniors is not overly hard to find. South Carolina offers tax breaks for senior citizens and does not levy taxes on Social Security income.

The state’s retirement program is also currently being modified and upgraded so that it will be able to provide more and better services to senior citizens. This southern state is an ideal place to live for a retiree who wants to enjoy the golden years but does not have a large pension.


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