States › South Carolina › Tega Cay

Is Tega Cay, SC expensive to live in?

CheapRent takes 12 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,48116% lower than U.S. average
💵 Families earn per year (2026)$153,147about $12,762/month · 76% higher than U.S. average
🔑 House price$529,20059% higher than U.S. average

Rent is lower than in 59% of U.S. cities. Household incomes are higher than in 90% of U.S. cities. A typical house costs about 3.5 years of household income. Commutes are long, about 30.6 minutes each way. Most homes (84.3%) are owned, so rentals can be hard to find. It is a highly educated city: 67.1% of adults have a college degree.

How much money do I need?

To rent here comfortably, you should earn about $59,240 a year. That is $28 an hour at a full-time job.

Is rent cheaper than other South Carolina cities?

No. Rent here is more expensive than in most of South Carolina. It is number 52 of 101 cities from cheapest to most expensive.

Tega Cay
$1,481
$1,514
$1,275
$1,163

How much do households earn in Tega Cay?

Under $25k
3.2%
$25k–50k
10.5%
$50k–100k
25.8%
$100k–150k
28.7%
$150k+
31.4%

Share of households by yearly income. 60.1% of households earn $100,000 or more.

Rent by apartment size in Tega Cay

SizeTega CayU.S. average
2 bedrooms$1,506$1,509
3 bedrooms$770$1,698

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Tega Cay overall?

Everyday prices in South Carolina overall are 6% below the U.S. average (index 93.7, U.S. = 100).

Housing
80
Goods (food, clothes…)
96
Utilities
88
Other services
98
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Tega Cay, so the South Carolina figure is shown.

Taxes and bills in Tega Cay

🏛️ Property tax$3,221a year · 0.61% of home value · U.S. $3,119
⚡ Electric bill$154a month (typical) · U.S. $156

Life in Tega Cay

Commute to work30.6 minU.S.: 26.4 min
College degree67.1%U.S.: 35.7%
Own their home84.3%U.S.: 65.2%
Below poverty line1.5%U.S.: 12.5%
Unemployment2.2%U.S.: 5.2%

Is it cheaper to rent or buy in Tega Cay?

Renting is cheaper right now: about $2,191 a month less.

Renting
$1,481
Owning
$3,672

Owning assumes a typical $529,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $52,920 for the down payment.

Frequently asked questions

What is the average rent in Tega Cay, SC?

Renting in Tega Cay costs a median of about $1,481 a month in 2026, including utilities. The South Carolina median is $1,479.

How much do I need to make to live in Tega Cay?

To keep rent under 30% of income, you need about $59,240 a year, or $28 an hour at a full-time job.

Is Tega Cay cheap or expensive?

Tega Cay is rated Cheap: rent takes 11.6% of the typical household income of $153,147. It ranks 52nd cheapest of 101 South Carolina cities we track.

How much are property taxes in Tega Cay?

The median homeowner in Tega Cay pays $3,221 a year in property taxes, about 0.61% of the median home value.

Is Tega Cay 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 Tega Cay?

The median home value in Tega Cay is $529,200, about 3.5 times the typical yearly household income.

13,615 people live in Tega Cay. Numbers are typical (middle) values.