A wise sage once said:
“She works hard for the money…”
And these places in South Carolina definitely treat her right.
You see, these are the cities and places in South Carolina where the cost of living is the lowest; where your salary goes the furthest. And when if you have the luxury of choosing where to live in the Palmetto State, then the cost of living should play a role in the decision.
So we did the hard for you and crunched the numbers to find the cities that have lower food, energy, and housing costs. After the dust settled on our analysis of the 61 largest places in South Carolina, we were left with this set of the best value for your money.
So where is the cheapest place to live in South Carolina? That would be Dillon.
So listen up Port Royal (the most expensive place in South Carolina) as we explain how we created this ranking. You could learn some things from the rest of the state.
And if you already knew these places were cheap, check out some more reading about South Carolina and the cheapest places in the country:
How We Determined The Most Affordable Places To Live In The Palmetto State For 2019
The two most important things to think about when it comes to being able to afford if you can live comes down to:
- How much do money do I make?
- How much do I have spend to live there?
You need to understand your costs in the context of how much money you make.
For example, if the median household earns $100,000 and spends $40,000 on housing it’s actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. You might spend more on housing, but you have more money overall to play with.
With that example in mind, we derived several statistics from the latest Census American Community Survey 2013-2017 around incomes and costs. They are:
- Median Home Price / Median Income (lower is better)
- Median Income / Median Rent (Higher is better)
- Median Home Price
We added simply median home price because high home prices generally correlate with higher expenses for all costs related to homes (heating, electricity, etc).
You can then compare these metrics in each of the places in South Carolina to figure out which is the least expensive.
What you are left with is a “Cost of Living Index” by taking the average rank of each of these metrics for each city.
So we used that cost of living index in order to rank all of the 61 places in South Carolina that have more than 5,000 people.
The place with the lowest cost of living in South Carolina according to the data is Dillon.
The 10 Cheapest Places To Live In South Carolina For 2019
The median income in Dillon comes in at $38,344 and the median home value is $105,300 for 2019.
Fountain Inn is a city in Greenville and Laurens counties in the U.S. state of South Carolina. The population was 7,799 at the 2010 census, up from 6,017 in 2000. It is part of the Greenville-Mauldin-Easley Metropolitan Statistical Area.
The median income in Fountain Inn comes in at $52,820 and the median home value is $129,800 for 2019.
Bennettsville is a city located in the U.S. state of South Carolina on the Great Pee Dee River. As the county seat of Marlboro County, Bennettsville is noted for its historic homes and buildings from the 19th and early 20th centuries – including the Bennettsville Historic District which is listed on the National Register of Historic Places.
The median income in Bennettsville comes in at $31,537 and the median home value is $73,200 for 2019.
Mauldin is a city in Greenville County, South Carolina, United States. The population was 15,224 at the 2000 census, 22,889 in 2010, and an estimated 25,135 in 2015. It is a principal city of the Greenville-Anderson-Mauldin Metropolitan Statistical Area.
The median income in Mauldin comes in at $65,539 and the median home value is $153,700 for 2019.
Laurens is a city in Laurens County, South Carolina, United States. The population was 9,139 at the 2010 census. It is the county seat of Laurens County.
The median income in Laurens comes in at $34,517 and the median home value is $85,900 for 2019.
Newberry is a city in Newberry County, South Carolina, United States, in the Piedmont 43 miles northwest of Columbia. The charter was adopted in 1894. The population was 10,277 at the 2010 census. It is the county seat of Newberry County; at one time it was called Newberry Courthouse.
The median income in Newberry comes in at $35,645 and the median home value is $88,600 for 2019.
Irmo is a town in Lexington and Richland counties, South Carolina, United States and a suburb of Columbia. It is part of the Columbia Metropolitan Statistical Area and is located 12 miles northwest of the city center. The population of Irmo was 11,097 at the 2010 census.
The median income in Irmo comes in at $59,470 and the median home value is $126,300 for 2019.
Clover is a town in York County, South Carolina, United States located in the greater Charlotte, North Carolina, metropolitan area. As of 2010, the population was at 5,094 within the town limits. Clover is twinned with the Northern Irish town of Larne on County Antrim’s East Coast.
The median income in Clover comes in at $46,940 and the median home value is $125,000 for 2019.
North Augusta is a city in Aiken and Edgefield counties in the U.S. state of South Carolina, on the north bank of the Savannah River. The population was 21,348 at the 2010 census. The city is included in the Central Savannah River Area and is part of the Augusta, Georgia metropolitan area.
The median income in North Augusta comes in at $51,863 and the median home value is $150,600 for 2019.
The city of Union is the county seat of Union County, South Carolina, United States. The population was 8,393 at the 2010 census. It is the principal city of the Union Micropolitan Statistical Area, an which includes all of Union County and which is further included in the greater Greenville-Spartanburg-Anderson, South Carolina Combined Statistical Area.
The median income in Union comes in at $28,087 and the median home value is $76,500 for 2019.
There You Have It Mr. Or Mrs. South Carolina Cheapskate
If you’re looking at the cost of living numbers in South Carolina, this is an accurate list of the most affordable places to live in south carolina for 2019.
Here’s a look at the most expensive cities in South Carolina according to the data:
- Port Royal
- Myrtle Beach
For more South Carolina reading, check out: