Cost of Living in Gaffney, SC

Population 12,612 · South Carolina · Data vintage 2023

53
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

At $41,214, median household incomes in Gaffney land roughly 45% below the US median, a gap that tends to persist across local labor-market indicators. At 11.3%, the local unemployment rate runs well above the US figure, pointing to structural rather than cyclical labor-market issues.

Geographically, Gaffney is about 50 miles west of Charlotte, the nearest large metro. Median home values run roughly 60% lower than Charlotte's $352,000.

Cost Overview

Housing 46
Rent 63

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Gaffney

The median home value in Gaffney is $141,100 — 54% below the national median of $305,000. Median rent runs $822/month, 37% lower than the national median of $1,314/month. The median household income of $41,214/year is 45% lower than the US median of $74,580. The local unemployment rate is 11.3%, above the national average of 4.8%. South Carolina's top state income tax rate is 6.4% and the combined sales tax is 7.5%. The climate averages highs of 73.0°F and lows of 51.3°F. Overall, Gaffney has a cost of living index of 53 versus the US average of 100, meaning it is 47% less expensive.

🏠 Housing

Median Home Value
$141,100
54% below avg
Zillow Home Value
$179,738
Zillow ZHVI
Median Rent
$822/mo
37% below avg
Zillow Rent
$970/mo
Zillow ZORI
Price-to-Rent Ratio
14.3x
Favors buying
Property Tax Rate
0.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$807
1 BR
$841
2 BR
$1,028
3 BR
$1,294
4 BR
$1,567
Owner-occupied 54.2%
Renter-occupied 45.8%

💰 Estimated Monthly Budget

Rent median rent
$822
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,436/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
19.7 min
27% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
4.9%

Commute Mode

Drove alone
77.8%
Carpooled
9.6%
Walked
4.1%
Work from home
4.9%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 6.4%
Total Sales Tax 7.5%
State rate 6.0%
Avg local rate 1.5%
Property Tax 0.6%

💼 Income & Employment

Median Household Income
$41,214
45% below avg
Per Capita Income
$22,523
Unemployment Rate
11.3%
135% above avg
Poverty Rate
24.8%
Labor Force Participation
55.5%

🎓 Education

Bachelor's degree+ 12.4%
Graduate degree 9.4%

👥 Demographics

Median Age 32.8
Male median age 30.7
Female median age 34.8

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
73.0°F
Avg Low
51.3°F
Annual Precip
43.3"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 535865748188918983746456
Low °F 333642505867706963514136
Precip" 3.343.283.943.883.464.213.473.953.753.293.303.44

🏫 Schools

NCES CCD 2019 — public school district data

82%
4-Year Graduation Rate
14.1:1
Student-teacher ratio
18
Public schools
8,682
Total enrollment

Frequently Asked Questions

What is the cost of living in Gaffney, SC?

Gaffney has a cost index of 53 (100 = national average). It is 47% below the national average.

What is average rent in Gaffney, SC?

The median gross rent in Gaffney is $822 per month based on 2023 Census data.

What is the average home price in Gaffney?

The median home value in Gaffney is $141,100 according to Zillow and Census data.

What is the median income in Gaffney?

The median household income in Gaffney is $41,214 per year (2023 ACS 5-year estimates).

What is the sales tax in Gaffney, SC?

The combined state and local sales tax rate in Gaffney is 7.5%. The South Carolina state income tax top rate is 6.4%.

Is Gaffney, SC affordable?

Yes, Gaffney is generally considered affordable, with a cost of living index of 53 — about 47% below the US national average of 100.

What is the weather like in Gaffney?

Gaffney has average high temperatures of 73.0°F and average lows of 51.3°F. Annual precipitation is 43.3". Data from NOAA 1991–2020 Climate Normals.

Gaffney at a Glance

Population
12,612
Median Income
$41,214
Home Value
$141,100
Median Rent
$822/mo
Unemployment
11.3%
Avg High Temp
73.0°F
Sales Tax
7.5%
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🗺️ County data for South Carolina

Explore county-level cost of living data

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