Cost of Living in Greenwood, SC
Population 22,527 · South Carolina · Data vintage 2023
(100 = US avg)
Household incomes in Greenwood run well below national norms — a median of $40,253 versus the $74,580 US figure. Housing costs partially offset that gap (typical home values around $123,000). Unemployment has stayed elevated relative to the national figure — 6.5% as of the most recent ACS release — which shows up in household-income and poverty figures as well.
Greenwood is about 60 miles north of Augusta-Richmond County, the nearest large metro — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 24% lower than Augusta-Richmond County's $163,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Greenwood
The median home value in Greenwood is $123,400 — 60% below the national median of $305,000. Median rent runs $826/month, 37% lower than the national median of $1,314/month. The median household income of $40,253/year is 46% lower than the US median of $74,580. The local unemployment rate is 6.5%, 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 72.6°F and lows of 49.8°F. Overall, Greenwood has a cost of living index of 49 versus the US average of 100, meaning it is 51% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 53 | 57 | 65 | 73 | 81 | 87 | 90 | 89 | 83 | 74 | 63 | 56 |
| Low °F | 32 | 35 | 41 | 48 | 57 | 65 | 69 | 68 | 62 | 49 | 39 | 34 |
| Precip" | 3.91 | 3.61 | 4.17 | 2.79 | 2.99 | 3.72 | 3.83 | 3.25 | 3.35 | 3.03 | 3.32 | 4.04 |
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Greenwood, SC?
Greenwood has a cost index of 49 (100 = national average). It is 51% below the national average.
What is average rent in Greenwood, SC?
The median gross rent in Greenwood is $826 per month based on 2023 Census data.
What is the average home price in Greenwood?
The median home value in Greenwood is $123,400 according to Zillow and Census data.
What is the median income in Greenwood?
The median household income in Greenwood is $40,253 per year (2023 ACS 5-year estimates).
What is the sales tax in Greenwood, SC?
The combined state and local sales tax rate in Greenwood is 7.5%. The South Carolina state income tax top rate is 6.4%.
Is Greenwood, SC affordable?
Yes, Greenwood is generally considered affordable, with a cost of living index of 49 — about 51% below the US national average of 100.
What is the weather like in Greenwood?
Greenwood has average high temperatures of 72.6°F and average lows of 49.8°F. Annual precipitation is 42". Data from NOAA 1991–2020 Climate Normals.
Greenwood at a Glance
- Population
- 22,527
- Median Income
- $40,253
- Home Value
- $123,400
- Median Rent
- $826/mo
- Unemployment
- 6.5%
- Avg High Temp
- 72.6°F
- Sales Tax
- 7.5%
Nearby Cities
Explore county-level cost of living data
South Carolina Rankings
Similar Cost Cities
Cities in other states with comparable housing costs