Red Bank, SC

Very Low · 69

South Carolina · Population 10,950 · Updated March 2026

$1,141
Median Rent / Month
$60,348
Median Income
$176,200
Median Home Value
$974
Owner Costs / Month

Affordability

How far your income goes in Red Bank

22.7%
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

$13,692
Annual Rent
$3,862
State Income Tax
$1,004
Property Tax (est.)

Cost of Living Overview

Red Bank is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 69 (where 100 equals the national median), Red Bank residents can expect to pay median rent of $1,141/month while earning a median household income of $60,348/year.

The median home value in Red Bank, SC is $176,200, with typical monthly owner costs around $974 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.7% 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 Red Bank.

Frequently Asked Questions

Common questions about living costs in Red Bank

What is the cost of living in Red Bank, SC?
The cost of living index in Red Bank, SC is 69 (US average = 100). Median monthly rent is $1,141, median household income is $60,348/year, and the median home value is $176,200.
Is Red Bank, SC affordable?
Yes, Red Bank is more affordable than the national average with a cost index of 69. The rent-to-income ratio is 22.7%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Red Bank, SC?
The median gross rent in Red Bank, SC is $1,141 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $13,692.
What is the median household income in Red Bank?
The median household income in Red Bank, SC is $60,348 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%.