Counties › South Carolina

Cost of Living in Lancaster County, SC

Population 104,475 · Census ACS 2020–2024 5-year estimates

Median rent$959
Median home value$329,900
Median household income$78,869

The median rent in Lancaster County, SC is $959/month, 19% lower than the South Carolina median and 32% lower than the U.S. median. The median home value is $329,900, about the same as the national median. Households earn a median of $78,869 a year, 14% higher than the state median.

Affordability

Rent as a share of median income: 14.6%
Income needed for median rent (30% rule): $38,360/yr
Home price-to-income ratio: 4.2×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,668/mo

Run your own numbers: mortgage calculator · hourly to salary

Lancaster County vs. South Carolina vs. U.S.

Lancaster CountySouth CarolinaU.S.
Median rent$959$1,180$1,413
Median home value$329,900$259,000$332,700
Median household income$78,869$69,324$80,734
Homeownership rate83.3%71.9%65.2%
Bachelor's degree or higher33.6%32.1%35.7%
Poverty rate11.4%14.1%12.5%
Unemployment rate4.3%4.9%5.2%
Work from home19.5%11.5%15.1%
Median age42.540.238.9

FAQ

What is the average rent in Lancaster County, SC?

The median gross rent in Lancaster County, SC is $959 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Lancaster County, SC?

Using the common 30% rule, renting a median-priced home takes about $38,360 a year in gross income.

Is Lancaster County, SC expensive to live in?

Rent there is 32% lower than the U.S. median, and the median home costs about 4.2 times the median household income.

Other counties in South Carolina

Greenville County, SCRent $1,262 · Income $76,932Richland County, SCRent $1,228 · Income $63,784Charleston County, SCRent $1,620 · Income $88,494Horry County, SCRent $1,255 · Income $66,880Spartanburg County, SCRent $1,084 · Income $66,234Lexington County, SCRent $1,178 · Income $77,408

Counties with a similar cost of living

Bedford County, VARent $952 · Income $78,937Washington County, PARent $949 · Income $78,958Putnam County, WVRent $952 · Income $79,527Dubuque County, IARent $959 · Income $77,630Nicollet County, MNRent $970 · Income $79,756Jasper County, INRent $962 · Income $77,314

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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