Anderson, SC

Very Low · 66

South Carolina · Population 29,563 · Updated March 2026

$965
Median Rent / Month
$44,321
Median Income
$199,600
Median Home Value
$958
Owner Costs / Month

Affordability

How far your income goes in Anderson

26.1%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in South Carolina

State-level tax rates that affect your costs

6.4%
Income Tax (Top Rate)
6.0%
Sales Tax
0.57%
Property Tax Rate

Estimated Annual Costs

$11,580
Annual Rent
$2,837
State Income Tax
$1,138
Property Tax (est.)

Cost of Living Overview

Anderson is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 66 (where 100 equals the national median), Anderson residents can expect to pay median rent of $965/month while earning a median household income of $44,321/year.

The median home value in Anderson, SC is $199,600, with typical monthly owner costs around $958 including mortgage, insurance, and taxes. With a rent-to-income ratio of 26.1%, Anderson falls within the generally affordable range, though it's approaching the 30% burden threshold.

South Carolina has a moderate income tax rate of 6.4%. Combined with a 6.0% sales tax rate and 0.57% effective property tax rate, the overall tax environment is a factor in the total cost of living in Anderson.

Frequently Asked Questions

Common questions about living costs in Anderson

What is the cost of living in Anderson, SC?
The cost of living index in Anderson, SC is 66 (US average = 100). Median monthly rent is $965, median household income is $44,321/year, and the median home value is $199,600.
Is Anderson, SC affordable?
Yes, Anderson is more affordable than the national average with a cost index of 66. The rent-to-income ratio is 26.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Anderson, SC?
The median gross rent in Anderson, SC is $965 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,580.
What is the median household income in Anderson?
The median household income in Anderson, SC is $44,321 per year. This compares to the national median of approximately $80,000.
What are the taxes like in South Carolina?
South Carolina has a top income tax rate of 6.4%, a sales tax of 6.0%, and an effective property tax rate of 0.57%.