Small Town2,078 people

Folly Beach, SC

Discover how far your salary goes in Folly Beach. Compare taxes, rent, and living costs.

Cost Index
94
Below Average
Population

2,078

State Tax

6.5%

1BR Rent

$1,012

/month

vs National

-28%

below avg

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Rent Prices in Folly Beach

🏠

Studio

$810

/month

$9,720/year

Most Common
🛏️

1 Bedroom

$1,012

/month

$12,144/year

🏡

2 Bedroom

$1,366

/month

$16,392/year

🏘️

3 Bedroom

$1,771

/month

$21,252/year

Taxes in South Carolina

State Income Tax

South Carolina

6.5%

For a $100k salary, that's ~$6,500/year in state taxes.

Federal Income Tax

Same nationwide

10-37%

Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.

Learn how tax brackets work

Frequently Asked Questions

What is the cost of living in Folly Beach, SC?

Folly Beach has a cost of living index of 94, which is 6% below the national average. A 1-bedroom apartment costs around $1,012/month.

What is the state income tax in South Carolina?

South Carolina has a state income tax rate of approximately 6.5%. This is in addition to federal income tax.

How much is rent in Folly Beach?

The median rent for a 1-bedroom apartment in Folly Beach is $1,012/month. For a 2-bedroom, expect to pay around $1,366/month. This is 28% below the national average.

Is Folly Beach a good place to live?

Folly Beach is a small town with a population of 2,078. The cost of living is below average, making it more affordable than average for the US.

See the complete picture for Folly Beach

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