S
outh Carolina has long been a popular destination for retirees, offering a unique blend of Southern charm, delicious cuisine, and outdoor activities. However, since 2020, the state's cost of living has increased significantly, making it challenging for many retirees to afford certain areas. A recent study by 55places found that prices are starting to come down in some places, but other popular cities may be out of reach financially.

    Here are four desirable South Carolina towns that might be too pricey for many retirees, along with more affordable alternatives:

    Charleston is a historic city with a rich set of attractions, including horse-drawn carriage rides and world-class museums. However, its high cost of living (12% above the national average) and median home price ($563,000) make it unaffordable for many retirees. A more budget-friendly option is Columbia, which offers similar amenities at a lower cost of living (more than 12% below the national average) and a median home price of $230,000.

    Hilton Head Island is a picturesque coastal town with beautiful ocean views and outdoor activities. However, its high median home price ($760,000) and cost of living (4% above the national average) make it expensive for retirees. A more affordable alternative is Myrtle Beach, which offers similar coastal amenities at a lower cost of living (more than 9% below the national average) and a median home price of $298,000.

    Mount Pleasant is a suburban area near Charleston with historic sites and outdoor activities. However, its high median home price ($830,000) and cost of living (12% above the national average) make it unaffordable for many retirees. A more budget-friendly option is Summerville, which has an affordable median home price ($377,000) and a cost of living nearly 2% below the national average.

    Beaufort is a charming waterfront town with historic charm and good healthcare options. However, its high median home price ($393,000) and cost of living (4.3% above the national average) make it expensive for retirees. A more affordable alternative is Georgetown, which offers similar features at a lower cost of living (5.3% below the national average) and a median home price of $257,000.