Fort Mill, SC

Above Avg · 122

South Carolina · Population 28,281 · Updated March 2026

$1,437
Median Rent / Month
$127,537
Median Income
$457,000
Median Home Value
$1,723
Owner Costs / Month

Affordability

How far your income goes in Fort Mill

13.5%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

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

$17,244
Annual Rent
$8,162
State Income Tax
$2,605
Property Tax (est.)

Cost of Living Overview

Fort Mill has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 122 (where 100 equals the national median), Fort Mill residents can expect to pay median rent of $1,437/month while earning a median household income of $127,537/year.

The median home value in Fort Mill, SC is $457,000, with typical monthly owner costs around $1,723 including mortgage, insurance, and taxes. The median rent-to-income ratio of 13.5% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

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 Fort Mill.

Frequently Asked Questions

Common questions about living costs in Fort Mill

What is the cost of living in Fort Mill, SC?
The cost of living index in Fort Mill, SC is 122 (US average = 100). Median monthly rent is $1,437, median household income is $127,537/year, and the median home value is $457,000.
Is Fort Mill, SC affordable?
No, Fort Mill is more expensive than the national average with a cost index of 122. The rent-to-income ratio is 13.5%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Fort Mill, SC?
The median gross rent in Fort Mill, SC is $1,437 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $17,244.
What is the median household income in Fort Mill?
The median household income in Fort Mill, SC is $127,537 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%.