Parker, SC

Very Low · 61

South Carolina · Population 12,564 · Updated March 2026

$1,066
Median Rent / Month
$38,607
Median Income
$121,800
Median Home Value
$961
Owner Costs / Month

Affordability

How far your income goes in Parker

33.1%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

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

$12,792
Annual Rent
$2,471
State Income Tax
$694
Property Tax (est.)

Cost of Living Overview

Parker is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 61 (where 100 equals the national median), Parker residents can expect to pay median rent of $1,066/month while earning a median household income of $38,607/year.

The median home value in Parker, SC is $121,800, with typical monthly owner costs around $961 including mortgage, insurance, and taxes. At 33.1% rent-to-income ratio, residents of Parker are spending more than the recommended 30% of income on housing, indicating moderate cost burden.

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 Parker.

Frequently Asked Questions

Common questions about living costs in Parker

What is the cost of living in Parker, SC?
The cost of living index in Parker, SC is 61 (US average = 100). Median monthly rent is $1,066, median household income is $38,607/year, and the median home value is $121,800.
Is Parker, SC affordable?
Yes, Parker is more affordable than the national average with a cost index of 61. The rent-to-income ratio is 33.1%—above the 30%% affordability threshold.
What is the average rent in Parker, SC?
The median gross rent in Parker, SC is $1,066 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,792.
What is the median household income in Parker?
The median household income in Parker, SC is $38,607 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%.