Cost of Living in Charleston County, South Carolina

$1,506/mo
Median Monthly Rent
$450,800
Median Home Value
59% above state averageUnaffordable

At a Glance

Median Monthly Rent
$1,506/mo
59% above state average
Median Home Value
$450,800
60% above national
Rent-to-Income Ratio
31.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Charleston County Compares

Median monthly rent comparison

Charleston County$1,506/mo
South Carolina Average$945/mo
National Median$1,163/mo

Detailed Housing Stats

$1,506/mo
Median Gross Rent
$450,800
Median Home Value
$1,568/mo
Monthly Owner Cost
31.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Charleston County, South Carolina

Charleston's housing costs soar above U.S. average

Charleston renters spend 21.4% of income on housing—slightly above the national 20.1% threshold—with median rents at $1,506 monthly. Yet Charleston's median household income of $84,320 exceeds the national average of $74,755, suggesting higher-earning residents absorb these premium costs.

South Carolina's priciest county by far

Charleston's $1,506 median rent towers 59% above South Carolina's $945 average, reflecting its status as the state's economic and tourism engine. With a median home value of $450,800—triple the typical South Carolina property—Charleston ranks as the state's most expensive housing market.

Charleston dwarfs surrounding county rents

Renters in Charleston pay $1,506 monthly versus $813 in neighboring Cherokee County—an 85% difference that reflects Charleston's coastal desirability. Moving inland or north cuts housing costs nearly in half while remaining within South Carolina.

Owners and renters both stretch budgets

Charleston renters spend $1,506 monthly on housing while owners pay $1,568—remarkably balanced across tenure types—out of a $84,320 median income. For renters, this represents 21.4% of income; for owners, the burden reaches 22.3%, both above comfortable thresholds.

Charleston offers opportunity at a premium price

If you're earning above the county's $84,320 median and value coastal amenities and economic vitality, Charleston's market rewards your income. Consider comparing to inland alternatives like Calhoun or Chester for similar quality of life at significantly lower cost.

Affordability Calculator

See how your income compares to housing costs in Charleston County

$

Rent Burden

21.4%

of gross income

Max Housing (28% Rule)

$1,967

per month

Owner Cost Burden

22.3%

of gross income

The median home in Charleston County may be a stretch

Median home value is $450,800. Estimated monthly cost: $3,599 vs. your max of $1,967.

Rent Affordability Guide

Your rent-to-income ratio21.4%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Charleston County, South Carolina?
Charleston County, South Carolina has a median monthly rent of $1,506/mo and a median home value of $450,800. The affordability rating is Unaffordable, with rent making up approximately 31.0% of median household income.
What is the median rent in Charleston County?
The median gross rent in Charleston County is $1,506/mo. This is 59% above state average for South Carolina.
Is Charleston County affordable?
Charleston County is rated Unaffordable based on rent-to-income ratio of 31.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Charleston County's rent compare to the state average?
Charleston County's median rent of $1,506/mo is 59% above state average of $945/mo for South Carolina.
What is the median home value in Charleston County?
The median home value in Charleston County, South Carolina is $450,800. This is 60% above the national median home value of $281,900.
Sponsored

Planning a Move?

Researching the cost of living in Charleston County, South Carolina? Compare moving quotes from top providers and save on your relocation.

Compare Moving Quotes

Counties with Similar Housing Costs

Sponsored

Compare Mortgage Rates in Charleston County

Whether you're buying your first home or refinancing, compare rates from top lenders to find the best deal.

See Today's Rates

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.