Quick facts: Aiken, SC

Quick Facts

102.3
Cost of Living
above US average
32,463
Population
40.14
Crime Rate per 1000
above US average
$65,712
Median Income
below US average
$299,000
Median House Price
above US average
$1745.02
Average Rent
above US average
12%
Poverty Rate
above US average
5.2%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $65,712.

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Income Needed to Buy

βœ— Stretch
$94k/year
Based on $299,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $94k vs median $65,712
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Income Needed to Rent

⚠ Stretch
$75k/year
Based on $1745.02/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $75k vs median $65,712
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Aiken, SC

Aiken, South Carolina, is a charming city nestled in the western part of the state, known for its rich history and vibrant culture. Founded in the late 19th century as a winter resort for wealthy Northerners, Aiken boasts beautiful historic architecture and lush landscapes. The city's downtown area features an array of boutiques, restaurants, and galleries, making it a delightful spot for shopping and dining. Aiken is also renowned for its equestrian community, hosting various horse-related events and activities, including the Aiken Horse Park and the annual Aiken Horse Show. The city's proximity to the scenic Aiken State Park and the nearby Savannah River provides ample opportunities for outdoor enthusiasts to engage in hiking, fishing, and camping. Additionally, Aiken maintains a strong sense of community with numerous parks, recreational facilities, and annual events that bring residents together, such as the Aiken Bluegrass Festival. Education is prioritized here, with reputable schools and proximity to higher education institutions. Overall, Aiken offers a cozy, small-town atmosphere with the amenities and cultural richness of a larger city.

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