Moncks Corner, SC

Average · 94

South Carolina · Population 14,362 · Updated March 2026

$1,203
Median Rent / Month
$91,516
Median Income
$312,800
Median Home Value
$1,457
Owner Costs / Month

Affordability

How far your income goes in Moncks Corner

15.8%
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

$14,436
Annual Rent
$5,857
State Income Tax
$1,783
Property Tax (est.)

Cost of Living Overview

Moncks Corner offers a below-average cost of living, giving residents more purchasing power compared to many US cities. With a cost index of 94 (where 100 equals the national median), Moncks Corner residents can expect to pay median rent of $1,203/month while earning a median household income of $91,516/year.

The median home value in Moncks Corner, SC is $312,800, with typical monthly owner costs around $1,457 including mortgage, insurance, and taxes. The median rent-to-income ratio of 15.8% 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 Moncks Corner.

Frequently Asked Questions

Common questions about living costs in Moncks Corner

What is the cost of living in Moncks Corner, SC?
The cost of living index in Moncks Corner, SC is 94 (US average = 100). Median monthly rent is $1,203, median household income is $91,516/year, and the median home value is $312,800.
Is Moncks Corner, SC affordable?
Yes, Moncks Corner is more affordable than the national average with a cost index of 94. The rent-to-income ratio is 15.8%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Moncks Corner, SC?
The median gross rent in Moncks Corner, SC is $1,203 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,436.
What is the median household income in Moncks Corner?
The median household income in Moncks Corner, SC is $91,516 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%.