Quick facts: Anderson, SC

Quick Facts

95.0
Cost of Living
below US average
29,771
Population
64.12
Crime Rate per 1000
above US average
$40,445
Median Income
below US average
$345,000
Median House Price
above US average
$1504.16
Average Rent
above US average
14%
Poverty Rate
above US average
5.3%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $40,445.

🏠

Income Needed to Buy

βœ— Stretch
$108k/year
Based on $345,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $108k vs median $40,445
🏒

Income Needed to Rent

⚠ Stretch
$64k/year
Based on $1504.16/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $64k vs median $40,445
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Anderson, SC

Anderson, South Carolina, is a vibrant city located in the upstate region of the state, known for its rich history and pleasant Southern charm. Nestled near Lake Hartwell and the Seneca River, Anderson offers a blend of outdoor activities, cultural attractions, and a welcoming community atmosphere. The city is home to various parks, including the scenic Denver Downs Farm and the beautiful Lake Hartwell State Park, ideal for hiking, fishing, and boating enthusiasts. Anderson is also known for its historic downtown area, featuring quaint shops, restaurants, and the Anderson County Museum, which showcases local history and culture. With a population of around 27,000, Anderson provides a small-town feel, yet it's conveniently located near major cities like Greenville and Spartanburg, allowing residents easy access to larger urban amenities. The city hosts several annual events and festivals, further enriching its community spirit. Educational opportunities are plentiful, with institutions such as Anderson University contributing to the local economy and culture. Overall, Anderson, SC, embodies a charming blend of recreation, history, and community engagement.

πŸ” Search & Compare Places

First Location πŸ“