Startup Costs in South Carolina

Data current as of May 2026

South Carolina combines low operating costs with growing metro areas that attract new residents. Charleston has become a nationally recognized food city, making it an excellent market for restaurant and food businesses. Greenville is growing rapidly as a manufacturing and tech hub. Coastal tourism drives strong seasonal demand in Charleston and Myrtle Beach.

South Carolina (SC) by the Numbers

LLC Filing Fee
$110
Annual Report
$0
State Income Tax
6.00%
Sales Tax
6.00%
Min Wage
$7.25/hr
Cost of Living
0.92x
Labor Cost
0.90x
Rent Index
0.80x

What South Carolina's Numbers Mean for Founders

  • State income tax caps at 6.00%.
  • Labor costs are 10% below the national average, a margin advantage for service and retail operations.
  • Commercial rent is 20% below the national average, which gives you more square footage for your budget.
  • Minimum wage is the federal floor of $7.25/hour, keeping entry-level payroll low.
Capital: Columbia
Major metros: Charleston, Columbia, Greenville, Myrtle Beach
Top industries: Manufacturing, Tourism, Agriculture, Military

South Carolina Cost Guides (10)