Side-by-side comparison of mortgage costs, property taxes, closing costs, and homeowners insurance between Hawaii and South Carolina. Updated for 2026.
Hawaii and South Carolina are evenly matched across major housing cost categories. Your decision may come down to other factors like job market, climate, or lifestyle preferences. Use the calculators below to model your specific scenario.
Estimated PITI payments assuming 10% down, 6.5% rate, 30-year fixed mortgage with PMI.
Buying in South Carolina saves you approximately $3,115/month ($37,380/year) compared to Hawaii, based on median home prices with identical loan terms.
There's a dramatic price gap between these two states. Homes in South Carolina cost 63% less than in Hawaii — that's a difference of $525K on the median home. For buyers relocating from Hawaii to South Carolina, this can mean upgrading significantly or pocketing substantial savings. The equity you've built in a Hawaii home could fund a much larger down payment in South Carolina, potentially eliminating PMI and reducing your monthly payment dramatically.
Property tax rates are similar in both states (Hawaii: 0.28%, South Carolina: 0.57%), so taxes shouldn't be the deciding factor in your relocation decision. Instead, focus on differences in home prices, insurance costs, and state-specific programs. Both states collect roughly comparable property tax revenue relative to home values.
Insurance costs favor Hawaii at $1,200/year versus $2,600/year in South Carolina, a difference of $1,400 annually. While not the largest cost factor, this adds up to over $14K over a decade of homeownership. Shop multiple carriers in either state — actual premiums depend on your specific property, coverage level, and claims history.
Closing costs are a one-time but significant expense. Hawaii averages $12K in closing costs (1.5% of purchase price) while South Carolina averages $4K (1.3%). The difference is spread across title insurance, attorney fees, and recording costs rather than a single large tax. Budget for these upfront costs — they affect how much cash you need on hand at closing.
Both states offer down payment assistance for first-time buyers. Hawaii's HHFDC Hula Mae Program provides Below-market rate mortgages, while South Carolina's SC Housing Palmetto Home offers Up to $8,000 forgivable. These programs can significantly reduce your upfront costs and make homeownership accessible even if you haven't saved a full 20% down payment. Check eligibility requirements on each state's housing finance agency website — income limits and purchase price caps apply.
The bottom line: South Carolina homes cost $525K less than Hawaii on average. That translates to roughly $3,115 less per month in total housing costs if you choose South Carolina. For most buyers, this price gap is the single biggest factor — it affects your loan size, monthly payment, and how quickly you build equity.