Housing costs in Anderson?
A typical home costs
$222,900, which is 34.1% less expensive than the national average of
$338,100 and 14.2% less expensive than the average South Carolina home, at
$259,900. Renting a two-bedroom unit in Anderson costs
$950 per month, which is 33.6% cheaper than the national average of
$1,430 and 16.8% cheaper than the state average of
$1,110.
Can I afford Anderson?
To live comfortably in Anderson, South Carolina, a minimum annual income of
$42,840 for a family, and
$30,400 for a single person is recommended.
What does A.I. say about Anderson?
The cost of living in Anderson, SC is fairly low compared to other cities. According to the Council for Community and Economic Research, the city of Anderson has a cost of living index of 86.2, which is 14% lower than the national average. This makes it an ideal location for those looking for affordable housing options and a reasonable cost of living without sacrificing quality goods and services. Prices for basic goods and services are generally cheaper compared to many other towns in the area, making it one of the more budget-friendly places to live in South Carolina.