Cost of Living in Wade Hampton, SC
Cost of Living in Wade Hampton, SC has an overall index of 93, 7% below the U.S. baseline of 100. The typical home value is $293,300; typical monthly rent is $1,064; and median household income is $75,522.
Cost index: committed city housing/rent inputs and BEA 2024 state nonmetro price parities. Home value: Census ACS 2023 fallback place estimate. Rent: Census ACS 2023 fallback place estimate. A place-level signal, not a personal affordability decision or financial recommendation.
Rent and home prices are comparatively balanced with local income. This describes the local market, not your household.
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Frequently asked questions about Wade Hampton
Living in Wade Hampton
Is Wade Hampton, SC an affordable place to live?+
Yes — everyday expenses in Wade Hampton run about 7% below the US average (Cost Index: 93). Housing is especially affordable: the median home is valued around $293,300, compared to the $303,400 national median. Monthly rent is $1,064, versus $1,348 nationally.
How does Wade Hampton fit a household housing budget?+
Start with housing. Typical monthly rent is $1,064, while local median household income is $75,522. That implies a rent-burden proxy of about 17% before utilities and other costs. Use that as a planning signal for whether the place looks manageable under your own household assumptions.
How much are taxes in Wade Hampton, SC?+
South Carolina uses an approximate state-income-tax planning model; 6.4% is top marginal-rate context from the tax snapshot. Applying the 0.57% state-level effective owner-occupied proxy to a home worth $293,300 gives a planning estimate near $1,672 per year; it is not a city, county, parcel, or individual tax bill. State plus average local sales-tax context is around 7.44%.
How much does it cost to rent in Wade Hampton, SC?+
The typical monthly rent in Wade Hampton is around $1,064. That's roughly 21% lower than the $1,348 national median. For comparison, the median home value here is $293,300, so buyers should also factor in mortgage payments, property taxes, and insurance.
How much does a house cost in Wade Hampton, SC?+
The typical home value in Wade Hampton is $293,300. With 20% down and the committed 6.11% national 30-year fixed benchmark as of 2026-03-12, principal and interest are roughly $1,423/month before property tax and insurance. This is a planning estimate, not a local lender quote. About 66% of residents here own their homes.
Are groceries and utilities expensive in Wade Hampton?+
Grocery prices in Wade Hampton are about average compared to the rest of the US (index: 96, where 100 is the national average). Utility bills (electricity, gas, water) are below average (index: 88). Overall, these everyday costs shouldn't cause major surprises if you're moving from another similarly-sized US city.
What is Wade Hampton, SC like to live in?+
Wade Hampton is a small town with a population of about 20,703. The median age of residents is 40.3, which is close to the national median. The local poverty rate is 9.03%, near the national average of 12.4%.