South Carolina, with its inviting warm climate, rich tapestry of history, and picturesque landscapes ranging from serene coastal towns to peaceful inland communities, emerges as a premier destination for retirees seeking both comfort and affordability. This guide explores the top 10 budget-friendly retirement destinations within the Palmetto State, each promising a harmonious blend of quality living and fiscal prudence, ensuring your golden years are both enriching and economically feasible.
10 Best Places to Retire in South Carolina on a Budget
- Why Retire in South Carolina on a Budget?
- Criteria for Our Selection
- Top 10 Affordable Retirement Destinations in South Carolina
- Making the Most of Your South Carolina Retirement
- Final Thoughts
Why Retire in South Carolina on a Budget?
Retiring in South Carolina offers significant financial benefits, including a notably low cost of living—ranked 22nd among all states according to a recent U.S. News & World Report. Retirees can enjoy multiple tax advantages such as no taxes on Social Security benefits, property tax exemptions for homeowners, and no taxation on military retirement pay. Additionally, the state provides accessible and affordable healthcare options.
South Carolina’s diverse landscape ranges from the sunny beaches of the Lowcountry to the peaceful, rolling hills of the Upstate, providing a beautiful setting for a variety of recreational activities to suit any lifestyle. The colonial charm of Charleston ample outdoor recreation activities throughout the Midlands and Upstate, only add to the appeal, making South Carolina a captivating and cost-effective place to retire.
Still on the fence about a South Carolina retirement? Be sure to check out our comprehensive guide to the pros and cons of retiring in the Palmetto State.
Criteria for Our Selection
When choosing the top affordable retirement destinations in South Carolina, we focused on several crucial factors to ensure a fulfilling retirement experience. These include affordability (of course), but also access to healthcare, safety, the availability of social and recreational activities designed for retirees, and a strong sense of community. Our selections go beyond just being budget-friendly—they are places that offer meaningful opportunities for engagement and enjoyment in your retirement years.
Top 10 Affordable Retirement Destinations in South Carolina
10. Columbia
- Cost of Living Score: 87.4 (12.6% lower than the national average)
- Population (2024): 143,210
- Median Listing Prices: $175,000 to $396,500 (depending on zip code)
- Top choice for: vibrant capital city living on a budget
Columbia, South Carolina’s state capital, is a standout choice for retirees seeking affordability, cultural richness, and natural beauty. Although it might not be the first city you think of for retirement in South Carolina—especially compared to Charleston—Columbia has gained recognition as a prime destination. It recently secured the number 5 spot on Southern Living’s “South’s Best Cities On The Rise 2024” list, underscoring its growing appeal.
The city is steeped in history with numerous monuments and lush parks, perfect for those who appreciate both heritage and green spaces. Cultural enthusiasts will enjoy the South Carolina State Museum and performances by the Columbia City Ballet, along with local theaters and music venues providing a diverse entertainment lineup.
The Congaree River enhances Columbia’s appeal, offering scenic spots for kayaking and relaxing walks. Beyond its cultural and natural attractions, Columbia provides essential urban conveniences like shopping centers, fine dining, and comprehensive healthcare facilities. This balance of amenities and activities makes Columbia a compelling choice for a fulfilling and convenient retirement.
9. Aiken
- Cost of Living Score: 84.6 (15.4% lower than the national average)
- Population (2024): 32,821
- Median Listing Prices: $279,950 to $464,500 (depending on zip code)
- Top choice for: classic Southern living in a quaint, historic city
Aiken is renowned for its charming streets adorned with historic homes and a deeply ingrained equestrian culture. This South Carolina town offers an affordable cost of living and is rich with activities. Notably, the annual Aiken Steeplechase attracts horse enthusiasts nationwide, enhancing the town’s vibrant equestrian reputation.
The heart of Aiken is its bustling downtown area, filled with art galleries, boutique shops, and cozy cafes. Additionally, the Aiken Center for the Arts and Hitchcock Woods, one of the largest urban forests in the U.S., provide plentiful cultural and recreational opportunities. Adding to its charm is Aiken’s proximity to Augusta, Georgia, just a short drive away, allowing easy access to more urban amenities and attractions.
8. Anderson
- Cost of Living Score: 87.7 (12.3% lower than the national average)
- Population (2024): 30,072
- Median Listing Prices: $185,000 to $348,500 (depending on zip code)
- Top choice for: easy living in “The Friendliest City” (your wallet will agree!)
Anderson, often referred to as “The Friendliest City in South Carolina,” is a prime retirement destination in South Carolina’s Upstate region. It’s known for its affordability and vibrant downtown filled with local shops, restaurants, and cultural activities that contribute to its welcoming atmosphere.
The city serves as a gateway to outdoor adventures, thanks to its close proximity to Lake Hartwell, perfect for fishing, boating, and scenic walks. Beyond the lake, the Upstate region is rich with other lakes, mountains, and protected forests, offering endless opportunities for exploration. Additionally, nearby towns like Seneca, Clemson, and Greenville are just around the corner, providing even more options for adventure and exploration (should you ever need it).
With regular community events and beautiful parks, Anderson promotes a friendly and engaging environment. For retirees looking for a mix of tranquility and community engagement, Anderson stands out as an exceptional choice in the heart of South Carolina’s Upstate.
7. Florence
- Cost of Living Score: 79.6 (20.4% lower than the national average)
- Population (2024): 40,210
- Median Listing Prices: $229,929 to $300,232 (depending on zip code)
- Top choice for: an affordable home base for all your Southern adventures
Florence, South Carolina, is notable for its affordability and strategic location, making it an appealing choice for retirees who want easy access to larger Southern cities. Florence offers a quiet, slower-paced lifestyle with basic amenities and local events like the Pecan Festival. Its main draw, however, is its proximity to more vibrant destinations. Conveniently located on the I-95 corridor and home to South Carolina’s sole Buc-ee’s, Florence is within a 2 1/2-hour drive to Charleston, Greenville, Myrtle Beach, and Charlotte.
For those seeking a budget-friendly retirement with the advantage of being just a short drive from some of the South’s most exciting cities, Florence presents a practical solution. Its simplicity and strategic positioning make it a notable option for retirees prioritizing cost savings and travel convenience.
6. Myrtle Beach
- Cost of Living Score: 90.4 (9.6% lower than the national average)
- Population (2024): 40,865
- Median Listing Prices: $245,000 to $369,900 (depending on zip code)
- Top choice for: affordable coastal living
Myrtle Beach stands out as the most affordable coastal city in the state of South Carolina, making it an ideal retirement destination. Known for its beautiful beaches and vibrant atmosphere, it offers retirees a lively yet cost-effective lifestyle. The city is peppered with affordable housing options, particularly due to the abundance of condos that cater to a range of budgets and offer easy living with minimal maintenance.
Residents can enjoy a wide range of activities in Myrtle Beach, from leisurely strolls along the famous Boardwalk to playing nearly 90 world-class golf courses and attending cherished annual events. With its mix of affordability, plentiful recreational options, and picturesque scenery, Myrtle Beach provides retirees with the ideal beach lifestyle at a cost that may be more affordable than they expected.
5. Gaffney: Slow-Paced Living with Southern Charm
- Cost of Living Score: 72.5 (27.5% lower than the national average)
- Population (2024): 12,177
- Median Listing Prices: $217,450 to $299,900 (depending on zip code)
Gaffney, South Carolina, offers a unique blend of historical charm and rural tranquility, making it an appealing destination for retirees seeking a slower-paced lifestyle. Known for its iconic Peachoid water tower and rich Revolutionary War history, Gaffney provides a picturesque setting with a deep sense of community.
Residents of Gaffney can enjoy exploring local historical sites and taking advantage of the numerous outdoor activities available in the area. The city hosts several annual events that celebrate its heritage, including festivals and local markets that bring the community together.
The cost of living in Gaffney is notably low, making it an attractive option for retirees looking to maximize their budgets.
4. Goose Creek
- Cost of Living Score: 96.8 (3.2% lower than the national average)
- Population (2024): 48,996
- Median Listing Prices: $329,220
- Top choice for: active and affordable living in the Charleston area
Goose Creek, South Carolina, located in the Charleston metropolitan area, offers retirees a peaceful suburban lifestyle with convenient access to urban amenities. This city is known for its well-kept neighborhoods and strong community spirit, but has outgrown its reputation as a bedroom community with restaurants, shopping, and a wealth of outdoor adventures and entertainment to enjoy
Residents enjoy parks, walking trails, and nearby lakes for fishing and boating, along with regular community events that foster a sense of belonging. With its proximity to Charleston, Goose Creek retirees can easily partake in the cultural events, historical sites, and dining experiences of a larger city. Affordable and scenic, Goose Creek is an excellent choice for retirees looking for both tranquility and accessibility.
3. Sumter
- Cost of Living Score: 79.2 (20.8% lower than the national average)
- Population (2024): 42,095
- Median Listing Prices: $255,019 to $310,000 (depending on zip code)
- Top choice for: historical and stately southern charm
Living is slow and easy in Sumter (and that just how the locals like it). This sweet spot offers retirees a peaceful setting enriched with natural beauty and historical charm. Known for the unique Swan Lake Iris Gardens, home to all eight swan species, Sumter provides a tranquil and picturesque environment for retirement.
But it’s not all sipping sweet tea and rocking on the front porch here. The city features a lively downtown with shops, restaurants, and cultural venues, alongside regular community events that foster a warm and engaging atmosphere. With its affordable cost of living and proximity to larger cities like Columbia, Sumter is an ideal choice for retirees seeking a serene yet active lifestyle.
2. Spartanburg
- Cost of Living Score: 84.8 (15.2% lower than the national average)
- Population (2024): 38,553
- Median Listing Prices: $249,839 to $281,360 (depending on zip code)
- Top choice for: an up-and-coming hotspot in the Upstate
Spartanburg, South Carolina, is a vibrant and up-and-coming retirement destination, recently ranked number three on Southern Living’s “The South’s Best Cities On The Rise 2024” list (the same list which featured Columbia at number 5). Known for its thriving arts scene, Spartanburg offers a range of cultural activities, from music festivals to art galleries.
The city boasts numerous parks and the Spartanburg Music Trail, highlighting its rich musical heritage. With an array of dining and shopping options, Spartanburg combines the charm of Southern living with the conveniences of urban life. Affordable and dynamic, it’s an ideal choice for retirees looking for an active, culturally rich lifestyle in a city that’s on the rise.
1. Simpsonville
- Cost of Living Score: 91.3 (8.7% lower than the national average)
- Population (2024): 29,895
- Median Listing Prices: $340,300 to $389,950 (depending on zip code)
- Top choice for: a suburban sweet spot in the Greenville metro area
Simpsonville, South Carolina, is rapidly gaining recognition as a prime destination for retirees looking for a blend of suburban comfort and city convenience. Situated within the growing Greenville metropolitan area, Simpsonville offers a peaceful, community-focused lifestyle with easy access to urban amenities.
The city is known for its well-maintained parks, like the popular Heritage Park, which features extensive walking trails and a summer outdoor amphitheater for concerts and events. Simpsonville also boasts a vibrant Main Street with a variety of local shops, restaurants, and periodic community events that create a lively social atmosphere.
Affordability is a key advantage in Simpsonville, with a cost of living that allows retirees to enjoy a quality lifestyle without the high expenses associated with larger cities. Its proximity to Greenville means that cultural events, healthcare facilities, and additional shopping and dining options are just a short drive away.
Making the Most of Your South Carolina Retirement
Maximizing your retirement in South Carolina means embracing the local culture, participating in community events, exploring the natural beauty, and indulging in the myriad of recreational and cultural opportunities the state offers. Whether your interests lie in leisurely coastal walks, historical exploration, or active participation in community life, South Carolina promises a retirement experience that’s as rich in experiences as it is mindful of your budget.
Final Thoughts
Choosing to retire in South Carolina on a budget doesn’t necessitate a compromise on lifestyle or quality of life. The state’s perfect blend of affordability, cultural richness, and diverse communities renders it an enticing destination for retirees. Offering everything from historic inland towns to picturesque coastal communities, South Carolina provides a cost-effective yet fulfilling haven for retirees, promising a life of enrichment, engagement, and enjoyment without the financial strain.
Those considering a retirement in South Carolina may want to consider other southern states on their short list. We recommend checking out these affordable places to retire in Georgia, North Carolina, and Tennessee as well.
Median listing price data provided courtesy of realtor.com
All population data is courtesy of World Population Review
Cost of living score provided courtesy of BestPlaces.net
