Oak Grove, SC

Very Low · 68

South Carolina · Population 12,031 · Updated March 2026

$988
Median Rent / Month
$75,506
Median Income
$195,700
Median Home Value
$1,028
Owner Costs / Month

Affordability

How far your income goes in Oak Grove

15.7%
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

$11,856
Annual Rent
$4,832
State Income Tax
$1,115
Property Tax (est.)

Cost of Living Overview

Oak Grove is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 68 (where 100 equals the national median), Oak Grove residents can expect to pay median rent of $988/month while earning a median household income of $75,506/year.

The median home value in Oak Grove, SC is $195,700, with typical monthly owner costs around $1,028 including mortgage, insurance, and taxes. The median rent-to-income ratio of 15.7% 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 Oak Grove.

Frequently Asked Questions

Common questions about living costs in Oak Grove

What is the cost of living in Oak Grove, SC?
The cost of living index in Oak Grove, SC is 68 (US average = 100). Median monthly rent is $988, median household income is $75,506/year, and the median home value is $195,700.
Is Oak Grove, SC affordable?
Yes, Oak Grove is more affordable than the national average with a cost index of 68. The rent-to-income ratio is 15.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Oak Grove, SC?
The median gross rent in Oak Grove, SC is $988 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $11,856.
What is the median household income in Oak Grove?
The median household income in Oak Grove, SC is $75,506 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%.