Charleston, South Carolina, is a magnet for out-of-state renters, offering a blend of warm weather, affordable housing, and abundant job opportunities. With a cost-of-living index of 98.3, Charleston proves to be more budget-friendly than the national average. Additionally, Charleston provides significant cost savings in various aspects of life. When compared to nearby Chapel Hill, NC, Charleston offers cost reductions in areas such as transportation (2.8% average savings) and healthcare (11.8% average savings). Moreover, Charleston residents typically experience substantial savings of 28.9% on housing expenses compared to Chapel Hill. Currently, the median home price in Charleston is $430,200, showing a 2.1% decrease year-over-year. It’s worth noting that the average monthly mortgage payment of $3,084 in Charleston exceeds the average rent of $1,779, making renting a viable and financially attractive choice for residents. Charleston truly shines as a captivating option in the southeastern United States.