Cheapest Places To Live In South Carolina For 2020


We used data and science to determine which places in South Carolina go easy on your wallet.

Editor’s Note: We updated this article for 2020. This is our sixth time ranking the cheapest places to live in South Carolina.

If you did not land a six-figure salary job right out of college, you are probably worried about many things, but definitely one item in particular: money.

You may have a pretty well-paying job, but that makes little impact on the mountain of school debt you may have if your cost of living is outrageously high. Unfortunately, life after graduation and beyond for many is not full of candy and exotic vacations, but rather is filled with the question: how do I save when I can barely make ends meet?

The south of course -- and in particular South Carolina. That's right-- the southern states are one major region in the U.S. that won't wipe your bank account clean. But what is a good state to live in? While it may be hard to believe at first, South Carolina is a great place to live and not just because it is cheap.

In South Carolina, you can stroll through the streets of Charleston on a haunted ghost tour, cheer on the Gamecocks during a football game in Columbia, and hit the beaches in Hilton Head or Myrtle Beach.

In the Palmetto state, you can have easy access to both the beach and the mountains. You can eat some ridiculously good peaches and have your fill of local breweries. You can also meet some really nice people. The South is known for its southern hospitality.

So where are the most affordable places to live in South Carolina?

What is the cheapest place to live in south carolina? If you are looking for some cheap rent, Fountain Inn is your place to go. Fountain Inn ranks #1 again this year for the cheapest city to live in South Carolina.

If you are looking for a cheap place in a suburb area outside of Greenville, one of the best cities in South Carolina, Fountain Inn and Mauldin are waiting for you. No matter where you end up in South Carolina, you can be sure of two things: the food will be epic and the affordability will be shocking.

Read on to learn more about how we crunched the numbers and the other super affordable cities South Carolina has to offer.

And if you already knew these places were cheap, check out some more reading about South Carolina and the cheapest places in the country:

The 10 Cheapest Places To Live In South Carolina For 2020

Fountain Inn, SC

Overall SnackAbility

6
/10

Population: 8,684
Rank Last Year: 2 (Up 1)
Home Price To Income Ratio: 2.3x (2nd most affordable)
Income To Rent Ratio: 80.3x (2nd cheapest)
More On Fountain Inn: Real Estate | Crime Rate | Cost Of Living

It's not very often that you find a deal as sweet as South Carolina's most affordable city, Fountain Inn. Located slightly southeast of Greenville, "The Diamond Tip of the Golden Strip" is the second most affordable place in South Carolina to buy or rent a home.

Not to mention, with Anderson and Spartanburg also in Fountain Inn's backyard, it's a great place to live if you want quiet, small town living with affordable shopping and entertainment close by.

The median household income in Fountain Inn comes in at $62,904 and the median home value is $147,200 for 2020. The unemployment rate sits at 11.2%.

Laurens, SC

Source: Public domain
Overall SnackAbility

2
/10

Population: 8,914
Rank Last Year: 6 (Up 4)
Home Price To Income Ratio: 2.5x (5th most affordable)
Income To Rent Ratio: 53.4x (34th cheapest)
More On Laurens: Real Estate | Crime Rate | Cost Of Living

Have you heard? Laurens is South Carolina's second most affordable city and the "Gateway to the Upstate" shows no signs of slowing down.

Laurens moved up four places from last year due to its fifth best place to buy a home based on the city's median income ranking. The amenities in Laurens are also not too shabby. Yes, if you haven't spent the day exploring the Laurens Historic District or taken in their Riverfront Freedom Festival then you have some work to do.

The median household income in Laurens comes in at $36,228 and the median home value is $90,800 for 2020. The unemployment rate sits at 9.2%.

Marion, SC

Overall SnackAbility

4
/10

Population: 6,548
Rank Last Year: 17 (Up 14)
Home Price To Income Ratio: 3.0x (22nd most affordable)
Income To Rent Ratio: 64.5x (15th cheapest)
More On Marion: Real Estate | Crime Rate | Cost Of Living

If you're looking to save a buck or two, South Carolina's third cheapest place to live, Marion, will help you do just that.

The city "Where History and Hospitality Greets You" should maybe change its motto to "Somewhere in the Middle" because it is currently the 22nd best place to buy a home based on income as well as the 15th most affordable place to rent. But, there is light at the end of the tunnel, you only need to make $34,561/year to keep up with Marion's cost of living.

The median household income in Marion comes in at $34,561 and the median home value is $104,000 for 2020. The unemployment rate sits at 20.5%.

Mauldin, SC

Overall SnackAbility

8.5
/10

Population: 25,009
Rank Last Year: 4 (No Change)
Home Price To Income Ratio: 2.4x (3rd most affordable)
Income To Rent Ratio: 67.4x (11th cheapest)
More On Mauldin: Real Estate | Crime Rate | Cost Of Living

What do 25009 Mauldin residents know that we don't? Well, besides the fact that they currently get a pretty good bang for their buck, they are South Carolina's fourth most affordable place to live; and economically speaking, that frees up a lot of their money for fun.

So, if you've ever passed by the McDonald's on W. Butler Rd and wondered why there were so many people with the 'big' shake, it's because they make $65,737/year and they only had to spend $157,400 on a home. Sorry, Mauldin, your secret is out.

The median household income in Mauldin comes in at $65,737 and the median home value is $157,400 for 2020. The unemployment rate sits at 4.8%.

Overall SnackAbility

7
/10

Population: 12,087
Rank Last Year: 8 (Up 3)
Home Price To Income Ratio: 2.0x (1st most affordable)
Income To Rent Ratio: 55.5x (28th cheapest)
More On Irmo: Real Estate | Crime Rate | Cost Of Living

Moving up the ranks to solidify South Carolina's fifth least expensive city, "The Gateway to Tree City USA," Irmo, must be made of money trees because this city has made life super affordable.

Located on the banks of Lake Murray, Irma, shows us that you can have the best of everything: a great lake life on a budget and affordable housing as this city is the best place to buy a home based on income. The catch? You're going to have to make at least $63,713/year.

The median household income in Irmo comes in at $63,713 and the median home value is $124,900 for 2020. The unemployment rate sits at 6.8%.

Batesburg-Leesville, SC

Overall SnackAbility

3
/10

Population: 5,424
Rank Last Year: 5 (Down 1)
Home Price To Income Ratio: 2.6x (8th most affordable)
Income To Rent Ratio: 57.6x (25th cheapest)
More On Batesburg-Leesville: Real Estate | Crime Rate | Cost Of Living

We can't believe that Batesburg-Leesburg made The Palmetto State's cheapest places to live list as the sixth most affordable city. This city has five star dining and posh shopping, and still, it's the eighth most affordable place to buy a home based on median income data.

So, if you want to know where to steal the best deal in South Carolina, The Twin Cities are like a ripe Peaches N Such peach just waiting to be picked.

The median household income in Batesburg-Leesville comes in at $45,294 and the median home value is $118,400 for 2020. The unemployment rate sits at 9.8%.

Bennettsville, SC

Overall SnackAbility

3
/10

Population: 8,308
Rank Last Year: 3 (Down 4)
Home Price To Income Ratio: 2.7x (13th most affordable)
Income To Rent Ratio: 52.9x (36th cheapest)
More On Bennettsville: Real Estate | Crime Rate | Cost Of Living

No, not everything is free in the 843, but it is super affordable-like, the seventh cheapest place to live in South Carolina affordable. But, that's not all that makes this city of 8308 residents from Marlboro County so great. Bennettsville shines because the median income here is $30,008 and the median home price is only $81,900.

And, folks, it doesn't hurt that this South Carolina gem is also located on the Great Peed Dee River.

The median household income in Bennettsville comes in at $30,008 and the median home value is $81,900 for 2020. The unemployment rate sits at 13.3%.

Simpsonville, SC

Overall SnackAbility

8
/10

Population: 21,423
Rank Last Year: 14 (Up 6)
Home Price To Income Ratio: 2.4x (4th most affordable)
Income To Rent Ratio: 67.7x (10th cheapest)
More On Simpsonville: Real Estate | Crime Rate | Cost Of Living

This "Character Protected, Community Perfected" city has made buying a home affordable, education and safety a priority, and its 21423 residents employed.

Kemet, Milliken, and Pare-Chem are three companies in Simpsonville that are helping to keep the economy in South Carolina's eighth most affordable place to live moving; and take from us, it's paying off. We think that buying your forever home in Simpsonville is a smart choice.

The median household income in Simpsonville comes in at $67,456 and the median home value is $164,100 for 2020. The unemployment rate sits at 4.0%.

North Augusta, SC

Source: Public domain
Overall SnackAbility

6
/10

Population: 22,603
Rank Last Year: 11 (Up 2)
Home Price To Income Ratio: 2.8x (14th most affordable)
Income To Rent Ratio: 71.7x (6th cheapest)
More On North Augusta: Real Estate | Crime Rate | Cost Of Living

Located on the north bank of the Savannah River, North Augusta is not only the ninth most affordable city in South Carolina, it is the epitome of southern hospitality with a pinch of southern charm. The best part of this deal, you won't have to win the South Carolina lottery to get your hands on home in North Augusta because "The Riverfront" is the 14th best place to buy a home based on the city's median income.

The median household income in North Augusta comes in at $56,811 and the median home value is $157,800 for 2020. The unemployment rate sits at 7.0%.

Cayce, SC

Overall SnackAbility

5
/10

Population: 13,621
Rank Last Year: 12 (Up 2)
Home Price To Income Ratio: 2.5x (6th most affordable)
Income To Rent Ratio: 54.8x (30th cheapest)
More On Cayce: Real Estate | Crime Rate | Cost Of Living

Great things are happening in South Carolina's tenth most affordable place to live, Cayce. For one, the median income in this city is $50,545/year-this has earned Cayce the sixth best place to buy a home that won't break your bank.

If you want to surround yourself with great people, lots to do, and a low cost of living to boot, then you should definitely consider "A New Kind of City."

The median household income in Cayce comes in at $50,545 and the median home value is $127,400 for 2020. The unemployment rate sits at 5.9%.

How We Determined The Most Affordable Places To Live In The Palmetto State For 2020

Map Of The Cheapest Places To Live In South Carolina
The two most important things to think about when it comes to being able to afford if you can live comes down to:

  1. How much do money do I make?
  2. 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 2014-2018 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 64 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 Fountain Inn. You can download the data here.

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 2020.

Here's a look at the most expensive cities in South Carolina according to the data:

  1. Port Royal
  2. Hardeeville
  3. Clemson

For more South Carolina reading, check out:

The Most Affordable Places To Live In South Carolina

Rank City CheapScore Population Home/Income Ratio Income/Rent Ratio
1 Fountain Inn 11.0 8,684 2.3x 80.3x
2 Laurens 15.67 8,914 2.5x 53.4x
3 Marion 16.0 6,548 3.0x 64.5x
4 Mauldin 16.0 25,009 2.4x 67.4x
5 Irmo 16.33 12,087 2.0x 55.5x
6 Batesburg-Leesville 17.33 5,424 2.6x 57.6x
7 Bennettsville 17.33 8,308 2.7x 52.9x
8 Simpsonville 17.67 21,423 2.4x 67.7x
9 North Augusta 18.33 22,603 2.8x 71.7x
10 Cayce 19.0 13,621 2.5x 54.8x
11 Dillon 20.67 6,456 3.2x 63.2x
12 Lake City 21.33 6,658 2.8x 49.8x
13 Newberry 22.33 10,289 2.6x 46.3x
14 Greer 22.67 29,717 2.8x 64.9x
15 Easley 23.0 20,784 3.2x 65.1x
16 Lexington 24.33 21,040 2.7x 64.2x
17 Forest Acres 24.67 10,433 2.9x 70.4x
18 Tega Cay 24.67 9,954 2.6x 80.0x
19 Clinton 24.67 8,508 2.7x 43.3x
20 Chester 25.0 5,433 2.9x 45.0x
21 York 25.33 8,062 3.6x 69.8x
22 Union 25.67 7,878 2.8x 43.1x
23 Camden 25.67 7,060 3.3x 69.8x
24 Greenwood 25.67 23,230 2.9x 46.9x
25 Florence 27.0 37,802 3.3x 63.4x
26 Moncks Corner 27.5 10,169 3.2x 65.8x
27 Spartanburg 27.67 37,370 3.0x 49.8x
28 West Columbia 28.0 17,296 3.0x 51.6x
29 Fort Mill 28.67 15,924 3.2x 87.7x
30 Clover 29.33 5,955 3.2x 54.0x
31 Goose Creek 30.17 41,339 2.7x 53.2x
32 Cheraw 31.0 5,701 3.9x 54.6x
33 Darlington 31.33 6,034 3.4x 47.0x
34 Rock Hill 31.67 71,903 3.2x 50.4x
35 Gaffney 32.0 12,526 3.6x 48.5x
36 Aiken 33.0 30,464 3.3x 61.8x
37 Hanahan 34.67 22,963 3.3x 62.7x
38 Summerville 37.0 50,894 3.4x 56.0x
39 Hollywood 37.0 5,119 4.3x 80.3x
40 Sumter 37.0 39,964 3.6x 48.9x
41 Abbeville 37.33 5,079 3.6x 36.1x
42 Central 37.33 5,241 3.7x 43.5x
43 Conway 37.67 22,661 3.7x 52.2x
44 James Island 39.33 12,010 3.5x 61.0x
45 Seneca 39.67 8,290 4.4x 60.8x
46 Walterboro 39.67 5,503 3.7x 43.1x
47 Hartsville 40.0 7,658 4.1x 47.8x
48 Anderson 42.0 27,129 4.1x 43.9x
49 Columbia 43.0 133,352 3.8x 50.2x
50 Orangeburg 44.33 13,120 4.2x 40.5x
51 Lancaster 45.33 9,150 4.4x 43.6x
52 Mount Pleasant 45.67 83,700 4.5x 63.4x
53 Beaufort 46.33 13,336 4.1x 52.5x
54 North Myrtle Beach 47.67 15,862 4.6x 55.4x
55 Bluffton 48.0 18,835 3.6x 47.5x
56 Greenville 49.0 65,727 5.1x 57.2x
57 North Charleston 50.0 109,886 4.0x 41.2x
58 Charleston 50.67 133,762 4.8x 53.5x
59 Hilton Head Island 50.67 39,820 6.3x 61.1x
60 Myrtle Beach 53.33 31,783 4.8x 46.3x
61 Georgetown 53.67 8,936 5.3x 42.6x
62 Clemson 56.67 15,966 5.4x 45.5x
63 Hardeeville 56.67 5,836 5.4x 49.1x
64 Port Royal 58.33 12,446 4.8x 37.8x

How Is The Area In ?

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.