6. South Carolina
- Average House Value in 2022: $261,882
- Effective Property Tax Rate in 2019: 0.53%
- Median Household Income in 2019: $56,227
- Annual Taxes on a Median-Priced Property: $1,387.97
South Carolina has an effective property tax rate of 0.53% (the same as West Virginia). In terms of cost of living measurements, South Carolina has a major advantage due to its typical home values.
Outside of its rather higher utility costs, other cost-of-living categories were quite low in 2021 in South Carolina. Despite all of these economic advantages, like many other Southern states, South Carolina has a high poverty rate of 14.7%.
