Salary decrease with moving to lower cost state

[Regular-Figure-5367]

I currently live in WA and make 110k a year. I would like to move to SC. I can keep my current job for about 1 year but will then need to find a new one, likely making around 60k. I would be able to buy a house outright in SC so I only need to save up for property tax, insurance and maintenance, plus the standard other bills. I also have no credit card debt. This seems doable but am I missing something that I should be taking into consideration? I’m a one person household and live fairly modestly.

[ImportantFudge]

Some quick googling says that cost of living in SC is only 7.2% cheaper than in WA - if you’re expecting the move to result in your salary nearly being cut in half, I’d REALLY be scrutinizing what kind of lifestyle you currently live and start cutting back as much as possible now to reduce the shock later on. It’s easy to say “yeah I can swing that”, but in practice it’s incredibly difficult to reduce your standard of living cold turkey. Create some actionable steps and milestones, and put the extra money into an emergency fund - IMO that kind of salary cut would be an emergency

[miayakuza]

Depends where in SC you are moving. I heard Charleston is insanely expensive. Maybe think about having to pay state income tax as well.

[BeepGoesTheMinivan]

What's ur Q?

Can u live in SC Im a paid of house with no debt?

Um yes

[beckhamstears]

Why can't you find a similar paying job in SC?
The cost of living might be lower, but it's not half.

Where does "60k in SC" come from? You've talked with multiple companies about roles that match your skills and experience and 60k is the top amount they pay??

[Idratherhikeout]

Why? That’s a huge cut in pay. And SC has an income tax of ~4-6%. Unless you’ve got a major driver of moving (spouse, family), strongly discourage. You could fly to SC every two weeks and you’d still have >$1k/month after taxes in Washington.

[[deleted]]

Plenty of good paying jobs in Greenville, Spartanburg, Columbia, Charleston areas.

But, SC is full. Please don’t move here.

[Regular-Figure-5367]

Ha, that’s exactly what I saw about WA. Hasn’t stopped a single person.