Affordable Living in SC

Towns Ranked

Seth Stokes
June 30, 2018 - 8:54 am
Categories: 

A new study from financial technology company SmartAsset ranks the most affordable places to live in South Carolina. This is SmartAsset’s fourth annual study on the most affordable places in America. These communities are ranked on an affordability index weighing property taxes, homeowners’ insurance fees and mortgage payments relative to income. 

Check out the table below for a more detailed look at the statewide leaders:

Rank

City

Avg. Closing Costs

Annual Property Tax

Annual Homeowner's Insurance

Avg. Annual Mortgage Payment

Median Income

Affordability Index

1

Irmo, SC

$2,546

$870

$1,137

$5,711

$58,446

50.21

2

Ladson, SC

$2,588

$720

$1,196

$6,007

$57,531

48.03

3

Lugoff, SC

$2,639

$811

$1,267

$6,367

$60,960

47.86

4

Belvedere, SC

$2,333

$450

$802

$4,029

$37,173

45.39

5

Lake City, SC

$2,417

$526

$638

$3,207

$31,387

45.38

6

Fountain Inn, SC

$2,518

$883

$1,098

$5,517

$51,705

45.35

7

Five Forks, SC

$2,574

$1,670

$2,499

$12,554

$110,885

45.12

8

Parker, SC

$2,144

$717

$623

$3,128

$30,572

43.69

9

Mauldin, SC

$2,751

$1,096

$1,424

$7,152

$63,071

43.13

10

Red Bank, SC

$2,073

$646

$1,086

$5,457

$46,593

42.81

Additional study details including the methodology and interactive map can be found here: https://smartasset.com/mortgage/how-much-house-can-i-afford#southcarolina

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