Anderson, SC Cost Of Living
Cost Of Living In Anderson, SC Summary
Cost of living in Anderson research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Anderson is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in South Carolina, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Anderson is 90, with 100 being the average.
The cost of living index in Anderson is 0.9x lower than the national average.
Anderson ranks as the #19 cheapest in South Carolina out of 99.
Anderson ranks as the #1,206 cheapest out of 6,489 in the US.
The median home value in Anderson is $267,907.
The median income in Anderson is $44,321.
Table Of Contents
Anderson's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Anderson, SC?
According to the most recent data on the cost of living, Anderson has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.
Compared to South Carolina, Anderson has a cost of living index that's 1.0x lower than South Carolina's index of 93.
The standard of living in Anderson ranks as #19 most affordable out of the 99 places we measured in South Carolina. By definition, that implies Anderson ranks as the #80 most expensive place in the Palmetto State.
For more reading on life in Anderson, check out:
In South Carolina
In America
Anderson Cost Of Living Vs. South Carolina
Six factors go into calculating the cost of living index in Anderson. Here is how it fairs on each of the criteria:
The Services index in Anderson is 104.
The Groceries index in Anderson is 96.
The Health index in Anderson is 101.
The Housing index in Anderson is 75.
The Transportation index in Anderson is 91.
The Utilities index in Anderson is 94.
| Living Expense | Anderson | South Carolina | National Average | |
|---|---|---|---|---|
| Overall | 90 | 93 | 100 | |
| Services | 104 | 102 | 100 | |
| Groceries | 96 | 97 | 100 | |
| Health | 101 | 92 | 100 | |
| Housing | 75 | 81 | 100 | |
| Transportation | 91 | 92 | 100 | |
| Utilities | 94 | 109 | 100 | |
Anderson, SC Housing Cost Breakdown
Housing swings affordability the most between places in South Carolina, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Anderson is $267,907.
The Median Rent in Anderson is $965.
The Median Income in Anderson is $44,321.
The Home Value To Income in Anderson is 6.0x.
The Rent To Monthly Income in Anderson is 0.26x.
| Statistic | Anderson | South Carolina | United States |
|---|---|---|---|
| Median Home Value | $267,907 | $302,294 | $303,400 |
| Median Rent | $965 | $1,126 | $1,348 |
| Median Income | $44,321 | $66,818 | $78,538 |
| Home Value To Income | 6.0x | 4.5x | 3.9x |
| Rent To Monthly Income | 0.26x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Anderson, SC Costs By Category
Detailed Anderson Services Costs Vs. South Carolina
| Item | Anderson | South Carolina |
|---|---|---|
| Shampoo | $1.37 | $1.28 |
| Movie | $14.47 | $12.13 |
| Bowling | $18.39 | $18 |
| Haircut | $25.74 | $24.26 |
| Beauty Salon | $51.07 | $45.56 |
Detailed Anderson Groceries Costs Vs. South Carolina
| Item | Anderson | South Carolina |
|---|---|---|
| Ground Beef | $6.24 | $5.84 |
| Fried Chicken | $1.5 | $1.57 |
| Milk | $4.56 | $4.67 |
| Potatoes | $5.31 | $4.93 |
| Pizza | $11.78 | $12.09 |
| Beer | $10.45 | $10.41 |
| Toothpaste | $3.61 | $3.7 |
Detailed Anderson Health Costs Vs. South Carolina
| Item | Anderson | South Carolina |
|---|---|---|
| Optometrist | $120.21 | $125.68 |
| Doctor | $123.75 | $135.78 |
| Dentist | $114.8 | $113.29 |
Detailed Anderson Transportation Costs Vs. South Carolina
| Item | Anderson | South Carolina |
|---|---|---|
| Gasoline | $3.07 | $3.46 |
| Tire Balancing | $56.5 | $59.92 |
Detailed Anderson Utilities Costs Vs. South Carolina
| Item | Anderson | South Carolina |
|---|---|---|
| All Electricity | $170.53 | $193.99 |
| Phone | $189.75 | $192.25 |
Anderson SnackAbility
/10
Cost Of Living In Cities Around Anderson
The cost of living varies in the cities and towns around Anderson. Here's a quick look at the cost of living in the most populous nearby places:
Clemson, SC has a cost of living index of 106, 1.2x Anderson.
Powdersville, SC has a cost of living index of 103, 1.1x Anderson.
Homeland Park, SC has a cost of living index of 84, 0.9x Anderson.
| City | Population | Cost Of Living | Vs. Anderson |
|---|---|---|---|
| Clemson, SC | 17,759 | 106 | 1.2x |
| Powdersville, SC | 11,321 | 103 | 1.1x |
| Homeland Park, SC | 6,944 | 84 | 0.9x |
| Centerville, SC | 6,860 | 92 | 1.0x |
| Central, SC | 5,299 | 88 | 1.0x |
