South Carolina is well known for its beautiful beaches, gardens, tasty food, and stunning palmetto trees. Whether you’re here for the barbecue, hiking trails, or even the golf courses, South Carolina has something to offer everyone. If you’re looking to move to The Palmetto State, NewHomeSource has compiled a list of the top ten most affordable cities to help inform your decision so you can buy or build your dream home and have a great place to live.
10 Most Affordable Cities
Home Price to Income Ratio: 2.89
Average Property Tax: $672
Median Household Income: $33,699
Greenwood lands the title of most affordable city in South Carolina. Located in western South Carolina, Greenwood is the home of Lander University. Check out the museums and stores located along Main Street, or spend a day relaxing at West Cambridge Park.
Home Price to Income Ratio: 2.99
Average Property Tax: $801
Median Household Income: $31,831
Newberry is located approximately 38 miles east of Greenwood. If you’re a fan of the great outdoors, you’ll be pleased to know that Newberry is home to great hiking trails and green spaces like the Wells Japanese Garden.
Home Price to Income Ratio: 3.58
Average Property Tax: $589
Median Household Income: $31,047
Life is peachy in Gaffney! The city gained its nickname of “Peach Capital of South Carolina” from its large amount of peach orchards. Other highlights of this sweet city include a local history and art museum, a veteran’s museum, and a community performing arts theater.
Home Price to Income Ratio: 4.10
Average Property Tax: $780
Median Household Income: $33,351
Located in western South Carolina, Anderson is home to over 26,000 residents. Enjoy spending days exploring the historic district, shopping at the local malls, or brushing up on local history at their museums. On warm summer days, don’t forget to cool down at Lake Hartwell, which is a convenient drive just north of town.
Home Price to Income Ratio: 3.14
Average Property Tax: $804
Median Household Income: $40,053
Spartanburg is a northern city bursting with character. You’ll find several parks and nature preserves throughout town, each containing unique features such as an amphitheater, hiking trails, and sculptures. Other interesting details from Spartanburg include the Hub City Railroad Museum, TJC Gallery, and the Piedmont Interstate Fair.
Home Price to Income Ratio: 3.36
Average Property Tax: $708
Median Household Income: $31,455
Orangeburg is located in central South Carolina and has a population of roughly 13,000 residents. The city is called “The Garden City” for its illustrious and bountiful flowers and gardens, such as the ones in Edisto Memorial Gardens. Orangeburg is also home to South Carolina State University, which includes a free on-campus museum and planetarium.
Home Price to Income Ratio: 2.85
Average Property Tax: $875
Median Household Income: $40,662
Approximately 43 miles east of Columbia, Sumter is home to around 20,000 residents. Enjoy relaxing at the tranquil Swan Lake Iris Gardens, shopping at the Sumter Mall, or viewing the displays at the Sumter County Gallery of Art.
8. North Augusta
Home Price to Income Ratio: 2.69
Average Property Tax: $757
Median Household Income: $59,931
North Augusta resides along the Georgia-South Carolina border, just north of Augusta, Georgia. The Savannah River lines the city’s southern border, and you’ll find plenty of riverside parks and sports courts along the shore.
Home Price to Income Ratio: 2.47
Average Property Tax: $727
Median Household Income: $52,582
Cayce is located directly south of Columbia and along the Congaree River. Outdoor lovers will love work up a sweat hiking along the Congaree Creek Heritage Preserve trails or relax and cheer for your favorite driver at the Historic Columbia Speedway.
Home Price to Income Ratio: 3.05
Average Property Tax: $751
Median Household Income: $52,414
It’s easy living in Easley! You’ll find all the urban amenities you love, as well as plenty of entertainment opportunities like a roller skating rink, movie theater, parks, and sports complexes.
Cities with the Best Home Price to Income Ratio
While the list above is sorted by the lowest overall cost of living index, the following cities have the lowest home price to income ratio, meaning you can get more home for your money.
Sarah graduated from Trinity University in 2012 with a degree in International Relations and Political Science. She writes blogs on new homes, decor, communities, and more for NewHomeSource. When she’s not writing, you can find her spending time with her three cats.