Why Retire in Greenville, South Carolina?

Undoubtedly, South Carolina is becoming a sought after retirement destination. The landscape is endowed with gentle rolling mountains, marshy coastlines, and historical sites. It has positioned itself to be a fine place to retire in many media and organization surveys.

Why Retire in Greenville, South Carolina?

While many retirees are heading to South Carolina’s coast areas such as Myrtle Beach, one cannot deny that there are other areas in the state that can match the quality of life retirees dream of. For those who are considering to retire in South Carolina, let us convince you why you should consider retiring in Greenville.

 

 Greenville At A Glance

Greenville, South Carolina is a great place to retire for seniors who still want to be out and about. Greenville’s  thriving cultural scene, rich arts and entertainment, vibrant food scene, mild winters, and low cost of living makes for an excellent choice for retirees.

When it comes to overall affordability, taxes and inexpensive health care, retiring to Greenville, SC lets you keep more money in your pocket without requiring a drastic lifestyle change.

Population: 498,766 (Est. 2016)
State tax on Social Security: 
No
State tax on pensions:
 Yes
Tax burden: 8.3%
State Sales Tax Breaks for Seniors: Seniors 85 and older pay 5%
County: Greenville
Median Age: 37 years old
Average Annual Temperature: 61 Degrees Fahrenheit
Average Rain Fall: 42 inches
Average Annual Snowfall: 5 inches
Average Monthly Maximum Temperature: 72 degrees Fahrenheit
Average Monthly Minimum Temperature: 50 degrees Fahrenheit
Average Number of Sunny Days: 220
Greenville Events: 300+ event days each year

 

 Why Retire in Greenville, SC?

Here are some basic overviews of costs in the greater Greenville, SC area.

Housing Costs in the Greenville SC Area

With many decades of bustling real estate activity, Greenville SC real estate offers old neighborhoods with mature landscaping, condominium communities, and new-home communities.  Home prices range from low $100s into the millions. The greater Greenville area is divided into a variety of unique communities. In Greenville, the largest city and the county seat of Greenville County, lies many historic districts featuring beautiful Victorian homes dating back to the 19th century. Simpsonville has a different feel, with many new construction homes, newer neighborhoods and homes built within the last 20 years. No matter where in the greater Greenville area or the Upstate, South Carolina, there are great choices for retirees to live.

Median home price: $161,200
Median mortgage payment: 
$487
Median property tax:
 $753
Property tax rate: 0.6%
Property tax breaks for seniors: Homeowners 65 and older, the state’s homestead exemption allows the first $50,000 of a property’s fair market value to be exempt from local property taxes.


 

55+ Retirement Communities to Check Out in Greenville

You will find wonderful 55+ retirement communities in Greenville. One of the retirement communities in Greenville is Rolling Green Village. Amenities featured in this communities include tailored housekeeping services, complimentary local transportation, scenic walking paths around three on-site fishing lakes, lawn and grounds care, multimedia club room, wellness and fitness center, and access to Village Center activities. To see the latest homes available for sale in Rolling Green Village, click below.

Rolling Green Village Real Estate

Another beautiful 55+ retirement community in Greenville is Swansgate. Swansgate has 165 single family homes and 24 condo units throughout its 42 acres of green space. The community has electronically controlled security gate, convenient to restaurants, shopping, and major road. Amenities in this community include exterior maintenance of all homes, grounds maintenance, planned recreation, and professional community management. To see the latest homes available for sale in Swansgate, click below.

Swansgate Real Estate

 


Independent Living Facilities in Greenville

Independent living facilities are another housing option for seniors retiring in Greenville. Compared to facilities in other cities, the cost in Greenville is on the lower end. You will have a number of senior independent living facility options for around $2,000 per month which includes rent, utilities, dining, housekeeping, and transportation. Below is a few list of independent living facilities in Greenville, SC.

Haywood Estates
1180 Haywood Rd, Geenville SC 29615
800-991-9257

Westminster
11 E Augusta Place, Greenville SC 29605
800-991-9257

The Cascades Verdae
10 Fountainview Terrace, Greenville SC 29607
800-991-9257

 

Costs of Living in the Greenville SC Area

If you are considering to retire in the Greenville SC area. The following information breaks down the average costs of various necessities. Remember that these are averages and cost of living varies from city to city. Some part of the county may have higher costs of living than another part of the Greenville area.

Average Rent in Greenville SC
As of September 2017, average rents in Greenville SC is $1093. For someone moving from more expensive parts of the country, such as California or New York, this figure may invoke shock in a positive way. In cities like San Francisco, a $3000 rent is more than enough to own a very nice home and pay for other necessities and still have more money left to save. Also if you choose not to rent, $1093 can afford you a nice home in one of Greenville’s suburbs.

Average Utilities in Greenville SC
For a 1,000-square-foot home in Greenville, the average monthly utility bill hovers above $100. If you are budget-conscious, you can lower your utility bill by using energy-efficient appliances and by running their heat and air conditioning sparingly.

Average Food Costs in Greenville SC
Food prices in the greater Greenville area are slightly above average. Sperling’s index compares Greenville to the U.S. average, with 100 being the national average, Greenville’s food cost index is 102. Nevertheless, in Greenville SC, you can keep food costs between $400 and $500 per month and still eat healthy.

 

Cost of Living Index for Selected Cities, 2013-2016

INDEX NAME / QUARTER GREENVILLE, SC ATLANTA, GA CHARLESTON, SC ASHEVILLE, NC CHARLOTTE, NC
2016 Annual Avg. 93.7 98.7 104.0 95.6 94.8
2015 Annual Avg. 93.9 99.9 101.0 97.5 96.4
2014 Annual Avg. 94.4  99.4  100.6  104.6  94.7
2013 Annual Avg.  93.2  95.3  100.2  103.6  95.7

Source: Quarterly Cost of Living Index (www.coli.org), The Council for Community and Economic Research (C2ER), www.C2ER.org

Climate in the Greenville SC Area

Greenville is located east of the Blue Ridge Mountains in the Upstate South Carolina, a lush, rolling midpoint between Atlanta, Georgia and Charlotte, North Carolina, like much of the region in the southeast, we have a humid subtropical climate.  We have mild winters and only get an annual average of 5 inches of snowfall. Whereas the average US city gets 26 inches of snow per year. Winters are short and generally cool. The daily average in January is 42.

The average number of sunny days in Greenville is 221 sunny days per year. The average July high is around 89 degrees.  Summers are hot and humid with an average daily temperature of 79. March is the wettest month and we get about 5 inches of rain. The county of Greenville gets an average of 50 inches of rain per year compared to the national average of 39. Precipitation is generally less frequent in autumn than spring.

Sperling’s comfort index for Greenville County is a 66 out of 100, where a higher score indicates a more comfortable year-around climate. Greenville has more comfortable year-round climate compared to the national comfort index of 54.

Things To Do in Greenville SC

Greenville offers a variety of recreation and entertainment options from live theaters around the city, museums, performing arts and festivities that strengthen cultural awareness.

The Bi-Lo Center, Peace Center for Performing Arts and Greenville County Museum of Art are among the popular cultural attractions. Big events like Fall for Greenville, Artisphere, Euphoria and other outdoor events and concerts showcase music, food, dance, heritage, and more. Greenville is a great supporter of the Arts and has activities indoor and out almost year round.

Greenville may not be a big city, but it has everything. There are 39 parks, playgrounds, jogging trails, sports centers, picnic grounds, ball field, great dining and shopping options around the city. These attractions enhance the quality of life in Greenville.

Great eating: 

Shopping opportunities:

  • Find everything from antiques to designer clothes at Magnolia Park.
  • Enjoy a wide range of dining and shopping options at ONE City Plaza.
  • Find a variety of high-end specialty shops in Augusta Road.
  • Browse through the shops in the West End Market.
  • Buy gourmet ingredients, local produce, and organic foods at Greenville’s farmer market.
  • Find everything you need in Shops at Greenridge.

Freebies:

Outdoor Activities:

Need more? See 101 Things to Do in Greenville SC.

 

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