Tega Cay, SC

Above Avg · 128

South Carolina · Population 13,267 · Updated March 2026

$1,307
Median Rent / Month
$141,037
Median Income
$494,500
Median Home Value
$2,090
Owner Costs / Month

Affordability

How far your income goes in Tega Cay

11.1%
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

$15,684
Annual Rent
$9,026
State Income Tax
$2,819
Property Tax (est.)

Cost of Living Overview

Tega Cay has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 128 (where 100 equals the national median), Tega Cay residents can expect to pay median rent of $1,307/month while earning a median household income of $141,037/year.

The median home value in Tega Cay, SC is $494,500, with typical monthly owner costs around $2,090 including mortgage, insurance, and taxes. The median rent-to-income ratio of 11.1% 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 Tega Cay.

Frequently Asked Questions

Common questions about living costs in Tega Cay

What is the cost of living in Tega Cay, SC?
The cost of living index in Tega Cay, SC is 128 (US average = 100). Median monthly rent is $1,307, median household income is $141,037/year, and the median home value is $494,500.
Is Tega Cay, SC affordable?
No, Tega Cay is more expensive than the national average with a cost index of 128. The rent-to-income ratio is 11.1%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Tega Cay, SC?
The median gross rent in Tega Cay, SC is $1,307 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,684.
What is the median household income in Tega Cay?
The median household income in Tega Cay, SC is $141,037 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%.