Retirement Planning in Charleston County, SC

What does it take to retire comfortably in Charleston County? Here are the numbers.

Median Income

$78,795

Retirement Income (80%)

$63,036

Est. Nest Egg Needed

$886,450

Cost of Living Index

121

Retirement Income Analysis

Income Needs (Annual)

Target Income (80% rule)$63,036
Est. Social Security$27,578

Annual Income Gap$35,458

Housing Costs

Median Rent$1,427/mo
Annual Housing$17,124
Property Tax Rate0.4%

Median Home Value$415,000

About Charleston County, South Carolina

Charleston County in South Carolina has a median household income of $78,795 and a homeownership rate of 63.2%. Using the 4% rule, retirees in this county would need approximately $886,450 in savings to cover the gap between Social Security and their target retirement income.

These are estimates based on county-level medians. Your actual retirement needs depend on your specific income, expenses, healthcare costs, Social Security benefits, and investment portfolio. Use our calculator for a personalized Monte Carlo analysis.

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Health and care costs

County-level data from U.S. Census Bureau American Community Survey (ACS) 2022 5-Year Estimates. Additional sources: SSA, BLS. Estimates based on county-level medians and the 4% withdrawal rule. This is not financial advice.