Quick facts: Salters, SC

Quick Facts

102.3
Cost of Living
above US average
218
Population
22.94
Crime Rate per 1000
below US average
$50,000
Median Income
below US average
$85,000
Median House Price
above US average
$1620
Average Rent
above US average
15%
Poverty Rate
above US average
3.5%
Unemployment Rate
below 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 $50,000.

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Income Needed to Buy

βœ“ Affordable
$27k/year
Based on $85,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($50,000) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$69k/year
Based on $1620/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $69k vs median $50,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Salters, SC

Salters is a small, unincorporated community located in Williamsburg County, South Carolina. Nestled in the Lowcountry region of the state, it offers a rural atmosphere with a close-knit community feel. The area primarily consists of farmland and natural landscapes, making it ideal for those who appreciate outdoor activities and a slower-paced lifestyle. Salters is situated near larger towns, providing residents with access to essential services and amenities, while still maintaining its serene and laid-back environment. The town is characterized by its charm and Southern hospitality, with local shops and eateries reflecting the region's culture. While Salters doesn't boast extensive tourist attractions, its proximity to the scenic wetlands and nearby historic sites such as the town of Georgetown enhances its appeal. The area also showcases traditional Southern architecture and offers opportunities for fishing, hunting, and exploring nature. Overall, Salters provides a glimpse into rural South Carolina living, rich in history and community spirit.

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