With the cost of living steadily increasing, the amount of money you need to make to live comfortably is also growing rapidly. Our friends at OLBG.com recently conducted some research on the number of people in different cities in South Carolina who make over $200,000 per year. They looked at data over the last 10 years and compared the total number of residents who make over that amount in both 2013, and 2022. Of the 14 cities in the study the increase over that time period ranges from just a 14% increase to as much as a 326% increase. But $200,000 in 2013 is not worth the same now. I consulted with In2013dollars.com to see what that number is comparable to in 2022. According to their inflation calculator, $200,000 in 2013 is worth $251,253.09 in 2022. That’s a significant increase, with the inflation/price increase coming in at 25.63%.
Think back over the last 10 years, has your salary increased by that much? If not you’re theoretically making less than you were 10 years ago. So while we see such large increases in the number of individuals making $200,000 it’s important to put that into perspective and realize that the wealth of these cities haven’t increased in exactly the same way. Regardless, North Charleston, SC was the city that saw the greatest increase, with Charleston proper seeing the smallest growth in that area. Our neighbors in Rock Hill have seen over a 280% increase (maybe i should move across the border? Keep reading to see how your city stacks up and which of the other South Carolina cities give you the best opportunity to make $200,000+. Interested in a location not included on this list? Use this tool the see the stats for that area. Read the full study here.
