South Carolina variant. This is a South Carolina-specific version of the Workers Comp Cost Estimator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Workers Comp Cost Estimator.
Workers' compensation premiums in South Carolina are priced per $100 of payroll, by job classification. On a $63,623 salary at an illustrative $1.00 rate, the annual premium is about $636.
How South Carolina workers' comp is priced
Premium = (payroll ÷ 100) × class rate × experience modifier. Clerical roles carry low rates; construction and trucking carry much higher ones.
South Carolina sets its own rules and rates. The calculator above lets you enter your real payroll, class rate, and mod factor for an accurate South Carolina estimate.
About taxes and housing in South Carolina
South Carolina levies a graduated income tax with a top marginal rate just above 6%.
South Carolina has one of the lowest effective property tax rates in the country, near 0.56%, with median home values around $295,000.
South Carolina's economy features automotive and aerospace manufacturing, port logistics in Charleston, and coastal tourism.
Worked example: $63,623 payroll
($63,623 ÷ 100) × $1.00 = $636/year at a sample clerical rate. A construction class rate of $8.00 would make it $5,090.
Quick reference
- State income tax: 0-6.2% across 3 brackets
- State sales tax: 6% (plus 1.50% avg local)
- Median home value: $295,000
- Median household income: $63,623
- Effective property tax rate: 0.56%
- Avg auto insurance: $1,655/yr
Frequently Asked Questions
How is workers' comp calculated in South Carolina?
By payroll ÷ 100 × class rate × experience modifier, using South Carolina's approved rates.
Is workers' comp required in South Carolina?
Most South Carolina employers must carry coverage once they have employees; rules vary by industry and headcount.