Quick facts: Hickory grove, SC

Quick Facts

102.3
Cost of Living
above US average
459
Population
30.5
Crime Rate per 1000
above US average
$56,250
Median Income
below US average
$250,000
Median House Price
above US average
$1620
Average Rent
above US average
15%
Poverty Rate
above US average
5.1%
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 $56,250.

🏠

Income Needed to Buy

βœ— Stretch
$78k/year
Based on $250,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $78k vs median $56,250
🏒

Income Needed to Rent

⚠ Stretch
$69k/year
Based on $1620/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $69k vs median $56,250
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Hickory grove, SC

Hickory Grove is a small, charming town located in Cherokee County, South Carolina. Nestled between larger cities like Gaffney and York, Hickory Grove offers a quiet, rural atmosphere with a tight-knit community vibe. The town is characterized by its scenic landscapes, featuring lush greenery and rolling hills typical of the Upstate region. The town has a rich history, with roots dating back to the early 19th century. While it may not boast a bustling downtown, Hickory Grove is known for its friendly residents and community-oriented events, making it a great spot for families and those seeking a slower pace of life. Outdoor enthusiasts will find various recreational activities in the surrounding areas, including hiking, fishing, and exploring nearby parks. The proximity to larger cities allows residents to enjoy both the tranquility of rural life and the conveniences of urban amenities. In summary, Hickory Grove, SC, is a peaceful small town that embodies Southern charm, community spirit, and access to the natural beauty of the Carolinas.

πŸ” Search & Compare Places

First Location πŸ“