Cost of Living in Chesterfield County, South Carolina

$776/mo
Median Monthly Rent
$101,400
Median Home Value
18% below state averageUnaffordable

At a Glance

Median Monthly Rent
$776/mo
18% below state average
Median Home Value
$101,400
64% below national
Rent-to-Income Ratio
28.0%
% 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 Chesterfield County Compares

Median monthly rent comparison

Chesterfield County$776/mo
South Carolina Average$945/mo
National Median$1,163/mo

Detailed Housing Stats

$776/mo
Median Gross Rent
$101,400
Median Home Value
$531/mo
Monthly Owner Cost
28.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Chesterfield County, South Carolina

Chesterfield beats national housing stress test

Chesterfield renters spend 19.6% of income on housing, edging below the national average of 20.1% and South Carolina's 20.1% median. At $776 monthly rent and a median household income of $47,620, Chesterfield delivers genuine affordability for lower-income earners.

Among South Carolina's most affordable counties

Chesterfield's 19.6% rent-to-income ratio ranks among the state's best, beating the South Carolina average by 0.5 percentage points. Its $776 median rent represents the lowest among all eight surveyed counties, offering unmatched housing value across the region.

Chesterfield undercuts every neighboring county

At $776 monthly, Chesterfield rents are $37 cheaper than Clarendon's $728 benchmark and significantly lower than Chester's $918 or Calhoun's $994. Chesterfield also delivers a superior rent-to-income ratio (19.6%) compared to Cherokee (19.9%), Cherokee (19.9%), making it the region's affordability leader.

Lowest rents paired with lowest incomes

Chesterfield renters pay $776 monthly on a median income of $47,620, while homeowners spend $531 monthly for ownership. At 19.6% of income for renters and 13.4% for owners, Chesterfield keeps housing costs within the critical 30% affordability threshold.

Chesterfield is South Carolina's value champion

If affordability is your priority, Chesterfield's $776 rents and 19.6% housing burden are unmatched in the region. Compare it directly to Cherokee and Clarendon to confirm: Chesterfield delivers the lowest monthly housing costs in the state.

Affordability Calculator

See how your income compares to housing costs in Chesterfield County

$

Rent Burden

19.6%

of gross income

Max Housing (28% Rule)

$1,111

per month

Owner Cost Burden

13.4%

of gross income

You can likely afford the median home in Chesterfield County

Median home value is $101,400. Estimated monthly cost: $810 vs. your max of $1,111.

Rent Affordability Guide

Your rent-to-income ratio19.6%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Chesterfield County, South Carolina?
Chesterfield County, South Carolina has a median monthly rent of $776/mo and a median home value of $101,400. The affordability rating is Unaffordable, with rent making up approximately 28.0% of median household income.
What is the median rent in Chesterfield County?
The median gross rent in Chesterfield County is $776/mo. This is 18% below state average for South Carolina.
Is Chesterfield County affordable?
Chesterfield County is rated Unaffordable based on rent-to-income ratio of 28.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Chesterfield County's rent compare to the state average?
Chesterfield County's median rent of $776/mo is 18% below state average of $945/mo for South Carolina.
What is the median home value in Chesterfield County?
The median home value in Chesterfield County, South Carolina is $101,400. This is 64% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.