Cost of Living in Greenwood County, South Carolina

$880/mo
Median Monthly Rent
$166,400
Median Home Value
7% below state averageUnaffordable

At a Glance

Median Monthly Rent
$880/mo
7% below state average
Median Home Value
$166,400
41% below national
Rent-to-Income Ratio
29.0%
% 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 Greenwood County Compares

Median monthly rent comparison

Greenwood County$880/mo
South Carolina Average$945/mo
National Median$1,163/mo

Detailed Housing Stats

$880/mo
Median Gross Rent
$166,400
Median Home Value
$712/mo
Monthly Owner Cost
29.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Greenwood County, South Carolina

Greenwood rents sit just at state average

Renters in Greenwood spend 20.9% of their income on housing—just above South Carolina's 20.1% state average and within national norms. With a median household income of $50,635 and rents of $880 monthly, Greenwood delivers accessible housing for working-class households.

Greenwood maintains mid-tier affordability

Greenwood's 20.9% rent-to-income ratio places it near South Carolina's state average of 20.1%, positioning it as a reliable middle-ground county. Median rents of $880 run modestly below the state average of $945, supporting consistent local affordability.

Undercuts Greenville, exceeds Edgefield

Greenwood's $880 median rent sits comfortably between Edgefield ($854) and Greenville ($1,198), anchoring the mid-Upstate affordability scale. The county's lower income base of $50,635 makes its rents carry slightly more weight than wealthier Greenville neighbors.

Homeownership offers modest advantage

Renters spend 20.9% of income on housing while homeowners pay $712 monthly—roughly 16.8% of the median household income of $50,635. A median home value of $166,400 keeps homeownership within reach for working families seeking equity.

Greenwood suits value-focused relocators

If you're comparing Upstate South Carolina counties for honest, stable housing costs, Greenwood's 20.9% rent-to-income ratio and $166,400 median home values deliver consistency. Your income stretches effectively here without the metro premium of nearby Greenville.

Affordability Calculator

See how your income compares to housing costs in Greenwood County

$

Rent Burden

20.9%

of gross income

Max Housing (28% Rule)

$1,181

per month

Owner Cost Burden

16.9%

of gross income

The median home in Greenwood County may be a stretch

Median home value is $166,400. Estimated monthly cost: $1,328 vs. your max of $1,181.

Rent Affordability Guide

Your rent-to-income ratio20.9%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Greenwood County, South Carolina?
Greenwood County, South Carolina has a median monthly rent of $880/mo and a median home value of $166,400. The affordability rating is Unaffordable, with rent making up approximately 29.0% of median household income.
What is the median rent in Greenwood County?
The median gross rent in Greenwood County is $880/mo. This is 7% below state average for South Carolina.
Is Greenwood County affordable?
Greenwood County is rated Unaffordable based on rent-to-income ratio of 29.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Greenwood County's rent compare to the state average?
Greenwood County's median rent of $880/mo is 7% below state average of $945/mo for South Carolina.
What is the median home value in Greenwood County?
The median home value in Greenwood County, South Carolina is $166,400. This is 41% 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.