Cost of Living in Greenville, SC (2024)

FAQs

How much money do you need to live comfortably in Greenville, SC? ›

Greenville isn't just a beautiful, safe and growing community, it's also an affordable one. We have an overall cost of living that is 9% below the national average. Partnerships with local non-profit organizations support the expansion of affordable workforce housing in neighborhoods throughout the city.

∎ Between 2022-2023, S.C.'s population grew by 1.7%, according to the U.S. Census Bureau. It is currently the fastest growing population in the U.S. ∎ Greenville is USA TODAY's best city to move to in S.C. due to its affordable housing options for buyers and renters, as well as its top medical access.

Monthly electric bills are a product of how much electricity you use per month and your electric rate. In Greenville, SC, the average monthly electric bill for residential customers is $171/month, which is calculated by multiplying the average monthly consumption by the average electric rate: 1,325 kWh * 13 ¢/kWh.

According to the Living Wage Calculator, a single person in South Carolina needs to earn approximately $16.73 per hour, or $34,806 annually, to meet their basic needs. For a family of four with one adult working, the living wage increases to $36.52 per hour or $75,964 annually.

For a full 30 years of retirement, a person living in the state would need a minimum of $989,658 — for 25 years, the total cost is a minimum of $823,890, the study adds. Retirement costs in South Carolina may seem like a lot to many, but they're just a fraction of what you'd need to spend in many other states.

The minimum combined 2024 sales tax rate for Greenville, South Carolina is 6%. This is the total of state, county and city sales tax rates. The South Carolina sales tax rate is currently 6%.

There are many barriers these community members face, like food insecurity, mental health struggles, and transportation access. Homeless shelters saw over 2000 unique individuals, and Greenville County Schools identified over 1000 students as experiencing homelessness during the 2018-2019 school year.

Are people friendly in Greenville? ›

South Carolina dominates the top of Southern Living's 15 Friendliest Cities in the South analysis. Charleston ranks No. 1, while Greenville is No. 3.

Greenville is family-friendly, with its walkable downtown that includes parks and museums that make it easy to enjoy the area at a low cost. Being in close proximity to Clemson University, Furman University and other colleges, Greenville's population feels young despite the median age of the population being around 37.

Average Salary in Greenville, SC. $40,041 is the 25th percentile. Salaries below this are outliers. $67,349 is the 75th percentile.

How much do homes in Greenville, SC cost? The median home price in Greenville was $455,000 in May 2024, up 20.5% from last year.

The cost of living in South Carolina is 6% lower than the national average. Housing is 21% lower than the national average, while utilities are 8% higher. When it comes to basic necessities such as food and clothing, groceries are around 2% lower than in the rest of the country, while clothing costs 2% lower.

The Economic Policy Institute indicates that the annual cost of living for a single person without any children averages to $2,332 monthly in South Carolina; if you have a spouse and two children, then the relevant figure becomes $4,748 per month.