Cost of Living in Charleston, SC: What Renters Should Expect

With its coastal charm, deep-rooted history and inviting neighborhoods, Charleston, SC, stands out as a top choice for renters looking to find their ideal rental apartment. Still, understanding the cost of living in Charleston, SC, is a smart move for anyone planning their next apartment search — especially when it comes to budgeting for rent, utilities and day-to-day essentials.

What is the average cost of living in Charleston, SC?

Renting in Charleston, SC, comes with plenty of perks. That’s because the city offers a charming mix of coastal vibes, historical character and a thriving rental market. Of course, as one of the more desirable places to live in the Southeast, Charleston tends to have a higher cost profile, especially when compared to other cities in South Carolina. If you’re considering apartments in Charleston, SC, it’s essential to know where your dollars will stretch — and where they won’t.

Additionally, Charleston tends to lean higher in overall costs when compared to both the state and national averages. But, while some expenses come at a premium, others fall below national levels to create a mixed financial picture for renters:

• Housing: 4% higher than the national average
• Utilities: 14% higher than the national average
• Food: 2% higher than the national average
• Healthcare: 14% lower than the national average
• Transportation: 5% lower than the national average
• Goods & Services: 1% higher than the national average

Breaking down the cost of living in Charleston, SC

Here’s how everyday expenses stack up to give you a clearer picture of the average cost of living in Charleston, SC.

Housing (Buy & Rent)

• Average Monthly Rent: $2,080
• Average Home Price: $526,080
• Mortgage Rate: 6.7%

If you’re planning to rent an apartment in Charleston, SC, keep in mind that housing is the biggest contributor to the higher average cost of living in Charleston, SC.

Utilities

• Energy Bills: Around $249.82 per month
• Phone Bills: About $197.48 per month

Whether you’re renting or buying, utilities are an essential monthly cost. Charleston’s utility rates are 14% higher than the national average, making this an important factor when budgeting.

Food

• Milk (1 gallon): $4.54
• Eggs (dozen): $3.41
• Bread: $4.11
• Potatoes: $5.03
• Cheese: $4.42
• Ground Beef: $6.94

While groceries in Charleston, SC, are about 2% more expensive than both the state and national averages, the difference is small enough that it won’t drastically affect your monthly budget.

Healthcare

• Doctor’s Visit: $123.53
• Dentist: $99.17
• Optometrist: $82.86

The good news? Healthcare costs in Charleston are lower. At 14% below the national average, this can make a significant difference, especially for families or individuals with recurring medical needs.

Transportation

• Gas (per gallon): $3.03
• Tire Balancing: $65.35

Transportation costs in Charleston are slightly more affordable than they are in many other U.S. cities. Compared to the state, costs are 2% higher, but compared to the nation, they’re 5% lower.

Goods & Services

• Men’s Shirt: $24.77
• Women’s Slacks: $25.20
• Boy’s Jeans: $21.30
• Haircut: $29.50
• Beauty Salon: $56
• Dry Cleaning: $20.78
• Movie Ticket: $12.03

Goods and services in Charleston, SC, are 14% more expensive than the state average, but only 1% higher than the national average. If you enjoy grooming services and entertainment, expect to pay slightly more here.

Is Charleston, SC, a good choice for renters?

When you take everything into account, the average cost of living in Charleston, SC, is higher than the state average and slightly above the national average. Although housing and utilities are on the pricier side, those costs are somewhat offset by more affordable health care and transportation.

For renters seeking a city with coastal charm, historic appeal and a strong sense of community, Charleston has a lot going for it. Comparing the cost of living in Charleston, SC, to other cities in South Carolina and across the U.S. can help you decide if it’s the right fit — and make your move a more confident one.