Cost of Living in Anderson County, South Carolina
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Anderson County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Anderson County ranks #2,476 of 3,144 counties for affordability (bottom 21%)
Data Story
About Cost of Living in Anderson County, South Carolina
Anderson's housing costs feel reasonable
Anderson County renters spend 17.7% of income on housing, comfortably below the national threshold of roughly 30%. With median household income of $64,683, Anderson households maintain healthy financial cushions while affording median rent of $952 a month.
Anderson outpaces South Carolina averages
Anderson's rent-to-income ratio of 17.7% beats South Carolina's average of 20.1%, placing it in the state's more affordable tier. At $952 monthly rent, Anderson sits just slightly below the state median of $945, offering solid value for renters and homeowners.
Pricier than Abbeville, more affordable than Beaufort
Anderson's $952 rent runs $318 above Abbeville's $634 but $532 below Beaufort's $1,484, positioning it as a moderate-cost alternative. Similarly, Anderson's $212,500 median home value sits between Abbeville and the coastal premium, offering a middle path.
Balanced burden for renters and owners
Anderson residents earning $64,683 spend 17.7% on rent or roughly 15.6% on mortgage costs, leaving room for savings and other expenses. This relatively even split reflects a functioning housing market where neither renters nor owners face extreme strain.
Anderson balances cost and opportunity
If you're relocating and want solid affordability without sacrificing income potential, Anderson offers a compelling middle ground. Compare its $952 rent and $212,500 home values to Abbeville's bargains and Beaufort's premiums to find your financial fit.
Cost of Living Advisory: Anderson County
Affordability Verdict
Anderson County offers affordable rental housing at a median of $952/month — about 17.7% of the typical household income here.
Rent vs. Own
The median rent in Anderson County is $952/month, while owner costs run $842/month. Owning saves approximately $110/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $38,080/year. For owner costs at the 28% rule, the required income is roughly $36,086/year. With a median household income of $64,683, most households can comfortably afford rent here. Notably, 28.0% of renter households in Anderson County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within South Carolina, Anderson County is less affordable than Sumter County by roughly 5% ($952/mo vs $1,006/mo).
Affordability Calculator
See how your income compares to housing costs in Anderson County
Rent Burden
17.7%
of gross income
Max Housing (28% Rule)
$1,509
per month
Owner Cost Burden
15.6%
of gross income
The median home in Anderson County may be a stretch
Median home value is $212,500. Estimated monthly cost: $1,696 vs. your max of $1,509.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
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