Cheraw, SC vs Tega Cay, SC

The cost of living difference between Cheraw, SC and Tega Cay, SC is dramatic. Cheraw is 41.8% cheaper than Tega Cay, a gap that translates to thousands of dollars per year in household expenses. Cheraw has a cost index of 66 while Tega Cay sits at 114, making this one of the more striking comparisons on our site. Relocating between these cities would require a serious reassessment of budget and lifestyle expectations.

On the housing front, median rent in Cheraw is $806/month compared to $1,307/month in Tega Cay — a 38% difference. Home values follow the same pattern: Cheraw is more affordable at $113,400 median vs $494,500.

Median household income in Cheraw is $27,275 compared to $141,037 in Tega Cay (-80.7%). While Tega Cay 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 11.1% in Tega Cay. The Tega Cay 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). Tega Cay receives more rainfall at 42.4" per year compared to 40.2" in Cheraw.