New York vs South Carolina: taxes, cost of living, laws

New York

High tax burden · COL index 139

Wins 6 categories

South Carolina

Moderate tax burden · COL index 93

Wins 10 categories

New York's top income tax rate is 10.9% vs South Carolina's 6.2%. Cost of living in New York (index 139) runs 49% higher than South Carolina (index 93). Property taxes are meaningfully different: New York averages 1.4% annually vs South Carolina's 0.43%. The median home in New York costs $470K vs $310K in South Carolina.

New York

South Carolina

Taxes

10.9%

Income Tax (top rate)

6.2%

1.4%/yr

Property Tax Rate

0.43%/yr

8.52%

Sales Tax (avg)

7.43%

Yes

Social Security Tax

Yes

Estate Tax

Yes

As income

Capital Gains Tax

4.7%

Housing & Cost of Living

139

COL Index (100=avg)

$470K

Median Home Price

$310K

$2,200/mo

Median Rent (2BR/mo)

$1,350/mo

$2K/yr

Home Insurance (avg/yr)

$2K/yr

Crime & Safety

379

Violent Crime / 100K

540

1,480

Property Crime / 100K

2,730

217

Sex Offenders / 100K

342

795

Homeless / 100K

Healthcare

#15 of 50

Healthcare Quality Rank

#38 of 50

79.3 yrs

Life Expectancy

75.5 yrs

5.4%

Uninsured Rate

13.1%

Yes

Medicaid Expansion

Education

#12 of 50

K-12 Quality Rank

#40 of 50

School Choice / Vouchers

Yes

Childcare

$2,050/mo

Avg Infant Care / mo

$950/mo

Utilities & Daily Costs

$175/mo

Avg Energy Bill / mo

$145/mo

$650/mo

Avg Groceries / mo

$450/mo

#48 of 50

Road Quality Rank

#15 of 50

Social Policy

Gun Laws Grade

D+12.0

2024 Presidential Margin

R+13.0

Category wins

New York

South Carolina

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