Cheraw, SC vs Gaffney, SC

Cheraw, SC and Gaffney, SC have a very similar cost of living, with only a 4% difference in their overall index. Cheraw scores 66 while Gaffney scores 69 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Cheraw is $806/month compared to $822/month in Gaffney — a 2% difference. Home values follow the same pattern: Cheraw is more affordable at $113,400 median vs $141,100.

Median household income in Cheraw is $27,275 compared to $41,214 in Gaffney (-33.8%). While Gaffney is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Cheraw spend roughly 35.5% of their income on rent, more than the 23.9% in Gaffney. The Gaffney ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.

Climate-wise, both cities share similar average temperatures (63.4°F vs 62.1°F). Gaffney receives more rainfall at 43.3" per year compared to 40.2" in Cheraw.