Cheraw, SC vs Great Falls, SC

Cheraw, SC and Great Falls, SC have a very similar cost of living, with only a 4.1% difference in their overall index. Cheraw scores 66 while Great Falls scores 64 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 Great Falls — a 2% difference. Interestingly, home values tell a different story: while Cheraw has cheaper rent, Great Falls actually has lower median home values ($59,400 vs $113,400).

Median household income in Cheraw is $27,275 compared to $30,475 in Great Falls (-10.5%). Great Falls offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Cheraw spend roughly 35.5% of their income on rent, more than the 32.4% in Great Falls. The Great Falls 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 61°F). Great Falls receives more rainfall at 42.4" per year compared to 40.2" in Cheraw.