Newberry, SC

Very Low · 52

South Carolina · Population 10,733 · Updated March 2026

$837
Median Rent / Month
$47,885
Median Income
$124,600
Median Home Value
$822
Owner Costs / Month

Affordability

How far your income goes in Newberry

21.0%
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

$10,044
Annual Rent
$3,065
State Income Tax
$710
Property Tax (est.)

Cost of Living Overview

Newberry is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 52 (where 100 equals the national median), Newberry residents can expect to pay median rent of $837/month while earning a median household income of $47,885/year.

The median home value in Newberry, SC is $124,600, with typical monthly owner costs around $822 including mortgage, insurance, and taxes. The median rent-to-income ratio of 21.0% 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 Newberry.

Frequently Asked Questions

Common questions about living costs in Newberry

What is the cost of living in Newberry, SC?
The cost of living index in Newberry, SC is 52 (US average = 100). Median monthly rent is $837, median household income is $47,885/year, and the median home value is $124,600.
Is Newberry, SC affordable?
Yes, Newberry is more affordable than the national average with a cost index of 52. The rent-to-income ratio is 21.0%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Newberry, SC?
The median gross rent in Newberry, SC is $837 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $10,044.
What is the median household income in Newberry?
The median household income in Newberry, SC is $47,885 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%.