salaryRent is lower than in 83% of U.S. cities. A typical house costs about 3.1 years of household income. Commutes are short, about 17.9 minutes. Most households rent (57%), so there are plenty of rental options.
How much money do I need?
To rent here comfortably, you should earn about $43,520 a year. That is $21 an hour at a full-time job.
Is rent cheaper than other South Carolina cities?
Yes. Rent here is cheaper than in most of South Carolina. It is number 24 of 101 cities from cheapest to most expensive.
How much do households earn in Greenwood?
Share of households by yearly income. 4.6% of households earn $100,000 or more.
Rent by apartment size in Greenwood
| Size | Greenwood | U.S. average |
|---|---|---|
| Studio | $674 | $1,338 |
| 1 bedroom | $739 | $1,324 |
| 2 bedrooms | $878 | $1,509 |
| 3 bedrooms | $1,188 | $1,698 |
| 4 bedrooms | $1,246 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is Greenwood overall?
Everyday prices in South Carolina overall are 6% below the U.S. average (index 93.7, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Greenwood, so the South Carolina figure is shown.
Taxes and bills in Greenwood
Life in Greenwood
Is it cheaper to rent or buy in Greenwood?
Buying is cheaper month to month: about $142 a month less than renting.
Owning assumes a typical $136,300 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $13,630 for the down payment.
Frequently asked questions
What is the average rent in Greenwood, SC?
Renting in Greenwood costs a median of about $1,088 a month in 2026, including utilities. The South Carolina median is $1,479.
How much do I need to make to live in Greenwood?
To keep rent under 30% of income, you need about $43,520 a year, or $21 an hour at a full-time job.
Is Greenwood cheap or expensive?
Greenwood is rated OK: rent takes 29.4% of the typical household income of $44,380. It ranks 24th cheapest of 101 South Carolina cities we track.
How much are property taxes in Greenwood?
The median homeowner in Greenwood pays $1,025 a year in property taxes, about 0.75% of the median home value.
Is Greenwood more expensive than the national average?
Overall prices in South Carolina are 6% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in Greenwood?
The median home value in Greenwood is $136,300, about 3.1 times the typical yearly household income.
22,536 people live in Greenwood. Numbers are typical (middle) values.