What does a Economics Teachers, Postsecondary salary really buy you in South Carolina?
South Carolina is 6.4% cheaper than the US averageData: BLS OEWS 2024 + BEA Regional Price Parities 2022 • Updated 2026-03-31
South Carolina's Regional Price Parity (RPP) is 93.6, meaning prices are 6.4% lower the national average. A Economics Teachers, Postsecondary earning $101,110 in South Carolina has the equivalent purchasing power of $108,023 in an average-cost US state.
Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for South Carolina's cost of living.
| Percentile | Nominal Salary | COL-Adjusted | Difference |
|---|---|---|---|
| 10th Percentile (P10) | $60,360 | $64,487 | +$4,127 |
| 25th Percentile (P25) | $78,380 | $83,739 | +$5,359 |
| Median (P50) | $101,110 | $108,023 | +$6,913 |
| 75th Percentile (P75) | $137,910 | $147,339 | +$9,429 |
| 90th Percentile (P90) | $170,720 | $182,393 | +$11,673 |
A Economics Teachers, Postsecondary in South Carolina earns $101,110 on paper, but low living costs mean your money goes 7% further — like earning $108,023 in an average-cost state. This makes South Carolina one of the best value states for this occupation.
Where does Economics Teachers, Postsecondary salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.
South Carolina ranks #30 out of 39 states for Economics Teachers, Postsecondary after cost-of-living adjustment.
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A Economics Teachers, Postsecondary in South Carolina earns a median salary of $101,110 per year. After adjusting for South Carolina's cost of living (RPP=93.6), the real purchasing power is $108,023 — a +6.8% difference.
South Carolina's cost of living is 6.4% lower than the national average according to the BEA Regional Price Parities (2022). The RPP index for South Carolina is 93.6 (US average = 100).
Regional Price Parities (RPPs) are price indexes published by the U.S. Bureau of Economic Analysis (BEA) that measure differences in price levels across states. They are expressed as a percentage of the national average (US = 100). Higher RPP means higher cost of living.
The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Economics Teachers, Postsecondary in South Carolina: $101,110 x (100 / 93.6) = $108,023. This represents what the salary would be worth in a state with average living costs.
From a purchasing power perspective, yes. A Economics Teachers, Postsecondary in South Carolina enjoys 6.8% more buying power than the nominal salary suggests, because living costs are below the national average. However, other factors like job availability, career growth, and quality of life also matter.