Wednesday, May 31, 2023

Pros and Cons: Aiken, SC and Augusta, GA


Trying to decide whether South Carolina or Georgia has the best quality of life, lowest taxes, most attractive amenities, or maybe better cost of living index?

Let us help you decide for yourself.

 

Let’s start with the Aiken side of the Savannah River…Aiken County with an estimated population of over 171,000 in 2023.

It’s a very large county … 1,081 square miles.

 

On the other side of the river here is Augusta; specifically Richmond County which has a population of over 208,000in 2023.

The county is approx. 329 square miles; which is much smaller in size when compared to Aiken County but has a higher population.

These two areas are the biggest counties in Central Savannah River Area or the CSRA as the locals call it… We promise to explain [the CSRA] in an upcoming video which makes this the perfect time to subscribe to our YouTube channel by hitting the bell!

Back over here in Georgia, Columbia County is a very close third with an estimated population of over 165,000 in 2023, its size is 308 sq miles and one of the fastest growing counties in Georgia.

Interestingly when you combine both those counties in Georgia, they are still less in size than Aiken County but more than double the population.  

Let’s compare TAXES. 

So, which state has the lower taxes South Carolina or Georgia?

 

We went to WalletHUB for this information. Per a WalletHub article dated March 2023 called: 2023’s Tax Burden by State https://wallethub.com/edu/states-with-highest-lowest-tax-burden/20494?utm_source=emailshare

Georgia was slightly higher with a tax burden of [7.46%] while South Carolina was [7.44 %]. This extremely close, pretty much the same. BTW…To determine this information Wallet Hub compared 50 states across the three tax types of state tax burdens.

1.     property taxes

2.     individual income taxes

3.     sales and excise taxes

Let’s take a deeper dive into this data. What about personal property taxes?

Back to WalletHUB

2023's Property Taxes by State https://wallethub.com/edu/states-with-the-highest-and-lowest-property-taxes/11585

SC was lower per this report remarkably. It ranked #5 for lowest and Georgia was 25th out of 51 states. Remember, taxes are unique to each person or family.  It is best to have a CPA look at your personal tax situation to determine exactly what is best for you.

Look for our upcoming, fun video… the battle of “lifestyles” between the areas.

It’s a big decision, we know. We’re here to help!

 

Brandi Cook + Vikki Crossland

803.645.3325 | info@aikenhomes.com

Meybohm Real Estate

 

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