Seven Oaks, SC

Below Avg · 75

South Carolina · Population 15,990 · Updated March 2026

$1,185
Median Rent / Month
$64,003
Median Income
$195,900
Median Home Value
$1,099
Owner Costs / Month

Affordability

How far your income goes in Seven Oaks

22.2%
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

$14,220
Annual Rent
$4,096
State Income Tax
$1,117
Property Tax (est.)

Cost of Living Overview

Seven Oaks is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 75 (where 100 equals the national median), Seven Oaks residents can expect to pay median rent of $1,185/month while earning a median household income of $64,003/year.

The median home value in Seven Oaks, SC is $195,900, with typical monthly owner costs around $1,099 including mortgage, insurance, and taxes. The median rent-to-income ratio of 22.2% 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 Seven Oaks.

Frequently Asked Questions

Common questions about living costs in Seven Oaks

What is the cost of living in Seven Oaks, SC?
The cost of living index in Seven Oaks, SC is 75 (US average = 100). Median monthly rent is $1,185, median household income is $64,003/year, and the median home value is $195,900.
Is Seven Oaks, SC affordable?
Yes, Seven Oaks is more affordable than the national average with a cost index of 75. The rent-to-income ratio is 22.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Seven Oaks, SC?
The median gross rent in Seven Oaks, SC is $1,185 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,220.
What is the median household income in Seven Oaks?
The median household income in Seven Oaks, SC is $64,003 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%.