Out of Reach

Out of Reach:

Rental Housing At What Cost?

October, 1998

South Carolina

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State and Metro Area Data

									Income Needed to Afford FMR						Estimated % Renters unable to afford FMR		Hourly Wage Needed to Afford		Percent of Federal Minimum Wage (@$5.15)		Work Hours/week Necessary at Minimum Wage
		FAIR MARKET RENTS BY NUMBER OF BEDROOMS							Amount		Percent of AMI		Estimated % of Renter median
	1990 RENTER HOUSEHOLDS	Zero	One	Two	Three	Four	1998 Area Median Income (HUD)	1998 Estimated Renter Median Income	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom
South Carolina	283,402	$ 379	$ 435	$ 503	$ 653	$ 761	$ 42,464	$ 29,559	$ 17,416	$ 20,120	41%	47%	59%	68%	31%	35%	$ 8.37	$ 9.67	163%	188%	65	75	South Carolina
METRO AREA																							METRO AREA
Charleston-North Charleston, SC	66,434	$ 393	$ 456	$ 524	$ 696	$ 811	$ 40,200	$ 29,538	$ 18,240	$ 20,960	45%	52%	62%	71%	33%	38%	$ 8.77	$ 10.08	170%	196%	68	78	Charleston-North Charleston, SC
Columbia, SC	56,172	$ 422	$ 464	$ 534	$ 705	$ 811	$ 45,600	$ 31,533	$ 18,560	$ 21,360	41%	47%	59%	68%	31%	35%	$ 8.92	$ 10.27	173%	199%	69	80	Columbia, SC
Florence, SC	11,871	$ 319	$ 355	$ 461	$ 576	$ 645	$ 38,900	$ 26,300	$ 14,200	$ 18,440	37%	47%	54%	70%	28%	37%	$ 6.83	$ 8.87	133%	172%	53	69	Florence, SC
Greenville-Spartanburg-Anderson, SC	93,920	$ 347	$ 420	$ 474	$ 597	$ 702	$ 43,700	$ 29,241	$ 16,800	$ 18,960	38%	43%	57%	65%	31%	34%	$ 8.08	$ 9.12	157%	177%	63	71	Greenville-Spartanburg-Anderson, SC
Myrtle Beach, SC	17,459	$ 414	$ 421	$ 538	$ 673	$ 754	$ 37,300	$ 29,900	$ 16,840	$ 21,520	45%	58%	56%	72%	30%	38%	$ 8.10	$ 10.35	157%	201%	63	80	Myrtle Beach, SC
Sumter, SC	11,395	$ 337	$ 374	$ 425	$ 581	$ 689	$ 33,100	$ 24,600	$ 15,000	$ 17,000	45%	51%	61%	69%	32%	37%	$ 7.21	$ 8.17	140%	159%	56	63	Sumter, SC

County Data

					Income Needed to Afford FMR						Estimated % Renters unable to afford FMR
					Amount		Percent of AMI		Estimated % of Renter median
County	Metro Area	Renter Households, 1990	1998 Area Median Income (HUD)	1998 Estimated Renter Median Income	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	One Bedroom	Two Bedroom	County
Aiken County	Augusta-Aiken, GA-	11,399	$ 42,700	$ 27,600	$ 16,760	$ 19,720	39%	46%	61%	71%	32%	38%	Aiken County
Anderson County	Greenville-Spartan	13,784	$ 43,700	$ 28,100	$ 16,800	$ 18,960	38%	43%	60%	67%	32%	35%	Anderson County
Berkeley County	Charleston-North C	12,853	$ 40,200	$ 30,300	$ 18,240	$ 20,960	45%	52%	60%	69%	32%	37%	Berkeley County
Charleston County	Charleston-North C	45,402	$ 40,200	$ 29,600	$ 18,240	$ 20,960	45%	52%	62%	71%	33%	37%	Charleston County
Cherokee County	Greenville-Spartan	4,073	$ 43,700	$ 26,500	$ 16,800	$ 18,960	38%	43%	63%	72%	33%	38%	Cherokee County
Dorchester County	Charleston-North C	8,179	$ 40,200	$ 28,000	$ 18,240	$ 20,960	45%	52%	65%	75%	34%	39%	Dorchester County
Edgefield County	Augusta-Aiken, GA-	1,520	$ 42,700	$ 24,000	$ 16,760	$ 19,720	39%	46%	70%	82%	37%	43%	Edgefield County
Florence County	Florence, SC	11,871	$ 38,900	$ 26,300	$ 14,200	$ 18,440	37%	47%	54%	70%	28%	37%	Florence County
Greenville County	Greenville-Spartan	41,558	$ 43,700	$ 30,000	$ 16,800	$ 18,960	38%	43%	56%	63%	30%	33%	Greenville County
Horry County	Myrtle Beach, SC	17,459	$ 37,300	$ 29,900	$ 16,840	$ 21,520	45%	58%	56%	72%	30%	38%	Horry County
Lexington County	Columbia, SC	14,738	$ 45,600	$ 30,500	$ 18,560	$ 21,360	41%	47%	61%	70%	32%	37%	Lexington County
Pickens County	Greenville-Spartan	8,961	$ 43,700	$ 27,700	$ 16,800	$ 18,960	38%	43%	61%	68%	32%	37%	Pickens County
Richland County	Columbia, SC	41,434	$ 45,600	$ 31,900	$ 18,560	$ 21,360	41%	47%	58%	67%	31%	35%	Richland County
Spartanburg County	Greenville-Spartan	25,544	$ 43,700	$ 29,600	$ 16,800	$ 18,960	38%	43%	57%	64%	31%	34%	Spartanburg County
Sumter County	Sumter, SC	11,395	$ 33,100	$ 24,600	$ 14,960	$ 17,000	45%	51%	61%	69%	32%	37%	Sumter County
York County	Charlotte-Gastonia	13,232	$ 49,600	$ 32,600	$ 19,200	$ 21,600	39%	44%	59%	66%	31%	35%	York County

Click here to download a (Microsoft Excel 97) spreadsheet of these tables.

NOTES:

FMR = Fair Market Rent
AMI = Area Median Income, determined by HUD
HUD = Department of Housing and Urban Development
EST RTR MEDIAN = 1998 Estimated Renter Median Income, based on 1990 renter median income as percent of household median income
Income Needed to Afford = Affordability is based on the official 30%-of-income standard used in federal housing subsidy programs.
% Unable to Afford = percent ofrenter population whomust pay more than 30% of income for rent.
Wage calculations are based on a 40 hour week for 52 weeks per year.
The federal minimum wage is $5.15/hour.
Rows are shaded for navigational purposes only.

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