What Is The Cost of Living in Greenville, SC?

There are many reasons why you would want to move to a new city or state. You might have found your dream job. You could have family members there you’d like to live closer to. You could also just need a change of scenery. Another big reason people decide to move is for a better quality of life and cost of living. Cothran Homes is happy to welcome you to our new home communities in South Carolina, regardless of your reason for moving. If the cost of living is at the top of your list for researching a move to South Carolina, specifically Greenville, South Carolina, you’ve come to the right place. Let’s dive in!

It’s understandable to think that a place as great as Greenville might be expensive, but luckily it’s not true. The cost of living in Greenville, SC is just one of the many positives to living here. While it provides a steady climate, outdoor activities, and a strong job market, the affordability has drawn many to this city and state. South Carolina’s cost of living is 11.5% lower than the national average while the city of Greenville is 8% lower. According to Greenville News, “In 2023, South Carolina remains the No. 1 hotspot for American movers, with Greenville placing No. 5 when it comes to top cities for incoming residents.”

US News and World Report also put Greenville at the top of the rankings for the most affordable metros in the US at 12 out of 25. The vibrant metro area has grown to attract residents and businesses with a vibrant downtown and growing culinary scene, too. With housing prices 27% lower than the national average, finding affordable homes for sale in Greenville, SC adds to its attractive cost of living.

When living in Greenville, SC, you can expect an average income of about $40k to $50k for a single person to live comfortably. The average income spent on living expenses is only 21.31%, far less than the recommended 30%. The affordability of housing is not where it ends. Greenville, SC offers affordability in a range of categories. Here are a few stats when compared to the national average when using 100 as the average. Anything below 100 means it is lower than the national average.

• Groceries (99.7)
• Healthcare (97.5)
• Housing (80.4)
• Utilities (96.9)
• Transportation (96.2)
• Miscellaneous (93.1)

Moving to Greenville, SC may impact your wallet significantly compared to other cities, ranking 170 out of 273 cities across the country. Forbes’ website offers a tool to assist with planning the cost of your potential move. For example, here’s a brief rundown of some differences between living in Hilton Head, SC, and moving to Greenville, SC.

• Overall cost of living - 15% lower
• Transportation - 7% lower
• Utilities - 4% lower
• Income needed - $9,276 less
• Housing - 37% lower

Whether you choose a low-maintenance single-family home or a maintenance-free townhome, our homes offer unique lifestyle opportunities and more time to do what you love. Every Cothran home is designed using cutting-edge technology for maximum efficiency, quality, and comfort. Plus, you’ll enjoy the built-in support system of craftsmen, trade partners, sales professionals, and construction experts dedicated to you throughout the process. Not only are we dedicated to building quality homes, but we also commit to building communities that cater to your lifestyle and match the high quality of life found in Greenville.

Holly Ridge features single family homes and townhomes just minutes from downtown Greenville. It’s a lively community with modern farmhouse-styled homes and amenities like a vibrant pool and walking trails. Enjoy a lively community and beautiful views of the Greenville skyline as you bask in the comforts of a new home. Check out the available homes, with some including the option for a self-tour.

Miller Park is a brand-new community featuring modern farmhouse-style townhomes just 15 minutes from downtown. Its location on 15 acres near Woodruff Road is a major highlight as it allows you access to everything you want and need. Grocery stores, restaurants, shops, entertainment, and the Greenville-Spartanburg International Airport are a quick drive away. We have a variety of homes to choose from and all include a low-maintenance lifestyle you’ll love.

Reidville Town Center is our newest community located between Greenville and Spartanburg. Enjoy a convenient location like no other with easy access to the new local Town Center, major highways and roadways, and steps to shops, restaurants, walking trails, and amphitheater. Not to mention the amenities available within the community like a pool and cabana, pocket parks, a gazebo, and more! After connecting with neighbors and friends, you’ll have a relaxing luxurious maintenance-free townhome to return to. There’s so much to love about Reidville Town Center, you have to see it for yourself.

When searching for new homes in Greenville, SC, Cothran Homes has just what you’re looking for. Among the many highlights of living here, the low cost of living is certainly something to look forward to with a move to Greenville…along with a new Cothran home. When you’re ready, we have single family homes and townhomes available in this wonderful city. Just reach out to our sales team and we’d be happy to answer any questions you have.