Should I live in North Carolina or South Carolina?

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The stats below are compiled from a variety of sources. Surprisingly, NC and SC differ significantly with South Carolina having a significantly lower tax burden. Since it’s the middle of Hurricane Season, I also wanted to share storm numbers. Again, South Carolina wins! We have cheaper gasoline too! That said, I love my northern neighbors. Please don’t hesitate to ask if there’s any way The Anderson Team can you help you learn more about the area

 

NORTH CAROLINA’S TAX BURDEN 

Real estate tax rate: 2.82% (19th in U.S.) 

Vehicle property tax rate: 0.45% (32nd in U.S.) 

Income tax rate: 2.87% (36th in U.S.) 

Sales and excise tax rate: 4.36% (27th in U.S.) 

 

Number of Direct hits by a Hurricane: 46

Number of Hurricanes Category 3 or higher: 12

 

 

SOUTH CAROLINA’S TAX BURDEN 

Real estate tax rate: 1.98% (5th in U.S.) 

Vehicle property tax rate: 0.99% (48th in U.S.) 

Income tax rate: 2.29% (23rd in U.S.) 

Sales and excise tax rate: 3.80% (13th in U.S.)

 

Number of Direct hits by a Hurricane: 31

Number of Hurricanes Category 3 or higher: 6

 

Sources: 

https://www.charlotteobserver. com/living/personal-finance/ article273148915.html

https://www.nhc.noaa.gov/ paststate.shtml

https://gasprices.aaa.com/ state-gas-price-averages/

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