Forget Florida, Americans are now flocking to South Carolina for a better life — why retirees on a budget should care
Yahoo Finance·2025-11-08 12:00

Core Insights - South Carolina has become the most popular moving destination in the U.S. for the sixth consecutive year, attracting significant attention due to its financial incentives [1][2] Moving Trends - According to moveBuddha's 2025 report, South Carolina has a 1.97 in-to-out moving ratio, indicating nearly double the interest in moving into the state compared to moving out [2] - The state accounts for 13.7% of net move-related searches, ranking among the top five states for moving volume [2] Financial Appeal - Living costs in South Carolina are approximately 9% lower than the national average, making it financially attractive for new residents [3] - Housing costs are the most significant savings opportunity, with prices over 14% lower than the national average. The median home value in South Carolina is $381,400, compared to the national median of $435,285 [4] - Renters also benefit, with average rents for one-bedroom apartments around $1,328 and two-bedroom units averaging $1,500 [4] Everyday Expenses - Everyday expenses in South Carolina are manageable, with grocery costs similar to the national average and clothing prices about 11% lower. However, utility costs are 10% higher than the national average [5] Target Demographics - The financial benefits of relocating to South Carolina are most pronounced for individuals moving from higher-cost states like California, New York, or Massachusetts, potentially saving hundreds in monthly mortgage payments [6] - For those relocating from states with similar or lower living costs, the financial advantages may be less significant [6]