Cost of Living in Pendleton, SC

With a cost of living index of 79, Pendleton, SC is a very affordable place to live. Living here is 21% cheaper than the national average and 3% below the South Carolina state average of 82. Pendleton is a small community of 3,542 residents.

Housing costs are the biggest factor in Pendleton's cost of living. The median monthly rent is $891 (32% below the US median of $1,319), and the median home value sits at $236,900 (22% below the national median of $304,900). At current prices, the median home costs roughly 3.9x the median household income — a moderately affordable ratio by today's standards.

The median household income in Pendleton is $60,517, which is 19% lower than the national median of $75,149. Residents spend roughly 18% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Pendleton. The area sees an average annual temperature of 61.4°F, with summers averaging 78°F and winters around 45°F. Annual rainfall totals 49 inches spread over roughly 127 days.

Everyday prices in the Greenville-Anderson-Greer, SC (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.