Your Guide to Minimum Wage in South Carolina

Your Guide to Minimum Wage in South Carolina
Here's a guide to keep business owners in South Carolina up to date on state minimum wage requirements.
by Meredith Galante Nov 20, 2023 — 3 min read
Your Guide to Minimum Wage in South Carolina

As a small business owner, you need to be in the know. You need to know how your own business is running, of course. But you also need to be aware of rules and laws that affect your business — and how new legislation may change that.

We’ve put together a quick guide of what you should know about the minimum wage if you do business in the Palmetto State.

What is the minimum wage in South Carolina?

The 2024 minimum wage rate in South Carolina is the same as the federal minimum wage, which is currently $7.25 per hour.

There are some additional minimum wage rules that apply to specific types of employees:

 

Keep in mind that some counties, cities, and towns may have their own minimum wage laws. Be sure to check what local wage laws may apply to you.

Are there plans to change the South Carolina minimum wage?

The minimum wage last changed in 2008, when it was raised $0.70 (both federally and in South Carolina) from $6.55 to $7.25. South Carolina is one of 20 states with the same minimum wage as the federal rate. While it’s likely the minimum wage will remain at $7.25 until the federal minimum wage is increased, there are proponents of instituting a South Carolina minimum wage increase rate separate from the federal rate.

How should small business owners prepare for potential changes to the minimum wage in 2024 and beyond?

Just because there’s no plan to change the minimum wage in South Carolina, it doesn’t mean that you shouldn’t keep the possibility in the back of your mind. You should always be prepared for any kind of changes that could affect your expenses. Here are a few tips:

 

While these are helpful guidelines to follow, make sure your business is prepared and stays in compliance, (like ensuring you have an EIN), you should discuss South Carolina minimum wage laws with your accountant and lawyer.

Meredith Galante
Meredith Galante is a freelancer writer based in New York City. She's been writing for Square since 2017 where she's covered everything from the best software for restaurants to use to maximize profit, minimum wage laws across the country, and tips for entrepreneurs to maximize their impact.

Related

Keep Reading

Tell us a little more about yourself to gain access to the resource.

i Enter your first name.
i Enter your last name.
i Enter a valid email.
i Enter a valid phone number.
i Enter your company name.
i Select estimated annual revenue.
✓

Thank you!
Check your email for your resource.

x
Results for

Based on your region, we recommend viewing our website in:

Continue to ->