It may not be the worst offender when it comes to gas, but South Carolina gas prices are on the rise. And this time it may be worse than you think.
While gas prices fluctuate, the taxes on them rarely go down. Currently, the average cost of a regular gallon of gas in South Carolina is $2.57. That’s an increase of 5.3% over last months and 22.9% from last year.
The good news? That $2.57 is still below the national average of $2.81. The bad news? Gas taxes in South Carolina are going up.
South Carolina Gas Taxes
Starting this year, South Carolina gas prices can expect a steady increase no matter what other conditions may apply. An extra $0.02 per gallon will be added each year between now and 2022.
It should be noted that South Carolina gas prices are usually among the lowest in the nation. With increased prices across the country as well as the new taxes, South Carolina currently ranks as the 8th cheapest.
Not bad. But not the best either.
However, while gas prices in South Carolina are historically cheap, residents aren’t historically wealthy. South Carolina currently ranks as the 5th poorest state in the nation. That determination was made by looking at a mixture of poverty rate, unemployment, and median income.
The good news? This makes the cost of living in South Carolina relatively low. For higher income earners, this can be especially good news. However, before you move; you may want to download the City vs City app first.
City vs City is a powerful cost of living calculator that uses real, local data to determine your cost of living. We examine the cost of living in your city and compare it with another city of your choosing.
As a result, you’ll see a side by side comparison of your chosen cities and will see which one offers a better cost of living situation for you.
If you’re thinking of moving, don’t make a move without downloading City vs City first!