Greenville, SC

Average · 109

South Carolina · Population 71,755 · Updated March 2026

$1,248
Median Rent / Month
$68,460
Median Income
$453,300
Median Home Value
$1,315
Owner Costs / Month

Affordability

How far your income goes in Greenville

21.9%
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

$14,976
Annual Rent
$4,381
State Income Tax
$2,584
Property Tax (est.)

Cost of Living Overview

Greenville is more expensive than the national average. Higher housing costs are typically the primary driver. With a cost index of 109 (where 100 equals the national median), Greenville residents can expect to pay median rent of $1,248/month while earning a median household income of $68,460/year.

The median home value in Greenville, SC is $453,300, with typical monthly owner costs around $1,315 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.9% 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 Greenville.

Frequently Asked Questions

Common questions about living costs in Greenville

What is the cost of living in Greenville, SC?
The cost of living index in Greenville, SC is 109 (US average = 100). Median monthly rent is $1,248, median household income is $68,460/year, and the median home value is $453,300.
Is Greenville, SC affordable?
No, Greenville is more expensive than the national average with a cost index of 109. The rent-to-income ratio is 21.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Greenville, SC?
The median gross rent in Greenville, SC is $1,248 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,976.
What is the median household income in Greenville?
The median household income in Greenville, SC is $68,460 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%.