Lake Wylie, SC

Above Avg · 124

South Carolina · Population 15,177 · Updated March 2026

$1,517
Median Rent / Month
$112,113
Median Income
$464,200
Median Home Value
$1,697
Owner Costs / Month

Affordability

How far your income goes in Lake Wylie

16.2%
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

$18,204
Annual Rent
$7,175
State Income Tax
$2,646
Property Tax (est.)

Cost of Living Overview

Lake Wylie has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 124 (where 100 equals the national median), Lake Wylie residents can expect to pay median rent of $1,517/month while earning a median household income of $112,113/year.

The median home value in Lake Wylie, SC is $464,200, with typical monthly owner costs around $1,697 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.2% 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 Lake Wylie.

Frequently Asked Questions

Common questions about living costs in Lake Wylie

What is the cost of living in Lake Wylie, SC?
The cost of living index in Lake Wylie, SC is 124 (US average = 100). Median monthly rent is $1,517, median household income is $112,113/year, and the median home value is $464,200.
Is Lake Wylie, SC affordable?
No, Lake Wylie is more expensive than the national average with a cost index of 124. The rent-to-income ratio is 16.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Lake Wylie, SC?
The median gross rent in Lake Wylie, SC is $1,517 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $18,204.
What is the median household income in Lake Wylie?
The median household income in Lake Wylie, SC is $112,113 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%.