Wade Hampton, SC

Below Avg · 81

South Carolina · Population 20,703 · Updated March 2026

$1,064
Median Rent / Month
$75,522
Median Income
$293,300
Median Home Value
$1,039
Owner Costs / Month

Affordability

How far your income goes in Wade Hampton

16.9%
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

$12,768
Annual Rent
$4,833
State Income Tax
$1,672
Property Tax (est.)

Cost of Living Overview

Wade Hampton is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 81 (where 100 equals the national median), Wade Hampton residents can expect to pay median rent of $1,064/month while earning a median household income of $75,522/year.

The median home value in Wade Hampton, SC is $293,300, with typical monthly owner costs around $1,039 including mortgage, insurance, and taxes. The median rent-to-income ratio of 16.9% 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 Wade Hampton.

Frequently Asked Questions

Common questions about living costs in Wade Hampton

What is the cost of living in Wade Hampton, SC?
The cost of living index in Wade Hampton, SC is 81 (US average = 100). Median monthly rent is $1,064, median household income is $75,522/year, and the median home value is $293,300.
Is Wade Hampton, SC affordable?
Yes, Wade Hampton is more affordable than the national average with a cost index of 81. The rent-to-income ratio is 16.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Wade Hampton, SC?
The median gross rent in Wade Hampton, SC is $1,064 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $12,768.
What is the median household income in Wade Hampton?
The median household income in Wade Hampton, SC is $75,522 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%.