Berea, SC

Very Low · 67

South Carolina · Population 16,642 · Updated March 2026

$1,032
Median Rent / Month
$48,104
Median Income
$187,200
Median Home Value
$962
Owner Costs / Month

Affordability

How far your income goes in Berea

25.7%
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

$12,384
Annual Rent
$3,079
State Income Tax
$1,067
Property Tax (est.)

Cost of Living Overview

Berea is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 67 (where 100 equals the national median), Berea residents can expect to pay median rent of $1,032/month while earning a median household income of $48,104/year.

The median home value in Berea, SC is $187,200, with typical monthly owner costs around $962 including mortgage, insurance, and taxes. With a rent-to-income ratio of 25.7%, Berea 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 Berea.

Frequently Asked Questions

Common questions about living costs in Berea

What is the cost of living in Berea, SC?
The cost of living index in Berea, SC is 67 (US average = 100). Median monthly rent is $1,032, median household income is $48,104/year, and the median home value is $187,200.
Is Berea, SC affordable?
Yes, Berea is more affordable than the national average with a cost index of 67. The rent-to-income ratio is 25.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Berea, SC?
The median gross rent in Berea, SC is $1,032 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,384.
What is the median household income in Berea?
The median household income in Berea, SC is $48,104 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%.