The retirement migration path. New Jersey's 10.75% top rate and America's highest property taxes drive retirees south to South Carolina's 6.4% rate (moving to flat rate by 2027). At $100,000: New Jersey $8,688 vs South Carolina $4,000—save $4,688/year. South Carolina offers a $10,000 retirement income deduction and exempts Social Security. Charleston's charm and Myrtle Beach's affordability make SC a top destination for NJ snowbirds seeking lower taxes and warmer weather.

By CountryTaxCalc Research Team

Last Updated: April 2026

The Big Picture

🏖️ New Jersey

10.75%

High Tax State

7 brackets up to 10.75%

🌙 South Carolina

6.4%

Moderate Tax

Moving to flat 6.4% by 2027

Typical Annual Savings

At $100,000 income:

$4,688

That is $391/month back in your pocket!

Tax Savings by Income Level

IncomeNJ TaxSC TaxSavings10-Year
$50,000 $2,525$1,800SC saves $725$7,250
$75,000 $4,563$2,900SC saves $1,663$16,630
$100,000 $8,688$4,000SC saves $4,688$46,880
$150,000 $11,738$7,200SC saves $4,538$45,380
$250,000 $22,238$13,600SC saves $8,638$86,380
$500,000 $49,113$29,600SC saves $19,513$195,130

New Jersey Pros and Cons

✅ Pros

  • Proximity to NYC job market (30 min commute)
  • Top-ranked public schools nationwide
  • Shore communities and established infrastructure
  • High-paying pharma, finance, healthcare jobs

❌ Cons

  • 10.75% top rate—3rd-highest in nation
  • Highest property taxes in America (2.23% average)
  • Brutal winters and high heating costs
  • Massive outmigration trend continues

South Carolina Pros and Cons

✅ Pros

  • 6.4% rate moving to flat (lower than NJ's 10.75%)
  • $10,000 retirement income deduction
  • Social Security 100% exempt
  • Charleston voted #1 US city repeatedly; beach lifestyle

❌ Cons

  • Smaller job market than NYC metro
  • Hurricane risk along coast
  • Humid summers (heat index 100°F+)
  • Lower average wages than NJ
💡

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Frequently Asked Questions

Q: How much will I save moving from New Jersey to South Carolina?

At $100,000 income: save $4,688/year (NJ $8,688 → SC $4,000). Over 10 years: $46,880. Plus massive property tax savings: NJ average 2.23% vs SC average 0.57%. On a $400K home: NJ charges $8,920/year vs SC $2,280—save another $6,640/year. Combined income + property tax savings can exceed $11,000/year.

Q: Is South Carolina good for retirees from New Jersey?

Excellent. SC offers: (1) $10,000 retirement income deduction, (2) Social Security 100% exempt, (3) Military retirement exempt, (4) Property tax breaks for 65+ (homestead exemption). A NJ retiree with $80K income ($40K pension + $40K Social Security) pays ~$0 SC tax on Social Security and ~$1,900 on the pension (after $10K deduction). In NJ: ~$4,500. Save $2,600+/year.

Q: Charleston vs Myrtle Beach—which is better?

Charleston: Historic charm, foodie scene, higher-end ($550K median home), more job options. Myrtle Beach: Beach tourist town, more affordable ($350K median), retiree-focused, fewer year-round jobs. Greenville (inland): Tech growth, lower cost ($350K), no beach but mountains nearby. Columbia (capital): Most affordable ($275K), state government jobs, University of SC.

Q: What about hurricanes in South Carolina?

Real risk. Charleston area floods regularly even without hurricanes. Major hurricane hits every 10-15 years on average. Home insurance costs $2,000-5,000/year in coastal areas (higher than NJ). If buying coastal, factor in flood insurance ($1,000-3,000/year extra) and evacuation realities. Inland areas (Greenville, Columbia) have minimal hurricane risk.

Q: Can I keep my NJ job and work remotely from South Carolina?

Yes, and it's the optimal strategy. If you work remotely from SC for a NJ employer, you pay SC taxes (6.4%), not NJ (10.75%). At $100K: save $4,688/year immediately. NJ doesn't have a convenience-of-the-employer rule like NY. Just establish genuine SC residency: SC driver's license, SC address, spend majority of time in SC.

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