What does a Economists 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 Economists earning $51,980 in South Carolina has the equivalent purchasing power of $55,534 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) | $50,390 | $53,835 | +$3,445 |
| 25th Percentile (P25) | $50,390 | $53,835 | +$3,445 |
| Median (P50) | $51,980 | $55,534 | +$3,554 |
| 75th Percentile (P75) | $61,790 | $66,014 | +$4,224 |
| 90th Percentile (P90) | $73,670 | $78,707 | +$5,037 |
A Economists in South Carolina earns $51,980 on paper, but low living costs mean your money goes 7% further — like earning $55,534 in an average-cost state. This makes South Carolina one of the best value states for this occupation.
Where does Economists salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.
South Carolina ranks #39 out of 39 states for Economists after cost-of-living adjustment.
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A Economists in South Carolina earns a median salary of $51,980 per year. After adjusting for South Carolina's cost of living (RPP=93.6), the real purchasing power is $55,534 — 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 Economists in South Carolina: $51,980 x (100 / 93.6) = $55,534. This represents what the salary would be worth in a state with average living costs.
From a purchasing power perspective, yes. A Economists 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.