Young home buyers
2014 HUD Median Income for South Carolina. Median household income is used for a variety of reasons, that include calculating eligibility for low to moderate mortgage lending; identified as CRA (Community Reinvestment Act). Fannie Mae and Freddie Mac each have a special mortgage program that is partially based upon on the household median income (i.e. Home Possible Mortgage and the My Community Mortgage). If you are seeking a mortgage and your household income is at or under the amounts listed below, mention this to the banker or mortgage broker. The benefit may be a lower downpayment, closing cost assistance, grant money, lower interest rate or reduced mip/pmi.

The U.S. Census Bureau defines median household income as follows:
“Median income is the amount which divides the income distribution into two equal groups, half having income above that amount, and half having income below that amount. Mean income (average) is the amount obtained by dividing the total aggregate income of a group by the number of units in that group. The means and medians for households and families are based on all households and families. Means and medians for people are based on people 15 years old and over with income”




2014 HUD median income limits for South Carolina counties


South Carolina County MSA Area Median Income
ABBEVILLENON METRO AREA $48,700
AIKENAugusta-Richmond County, GA-SC $55,900
ALLENDALENON METRO AREA $47,700
ANDERSONGreenville-Mauldin-Easley, SC $54,200
BAMBERGNON METRO AREA $47,700
BARNWELLNON METRO AREA $47,700
BEAUFORTHilton Head Island-Bluffton-Beaufort $63,400
BERKELEYCharleston-North Charleston-Summerville, SC $61,900
CALHOUNColumbia, SC $58,000
CHARLESTONCharleston-North Charleston-Summerville, SC $61,900
CHEROKEENON METRO AREA $47,700
CHESTERCharlotte-Gastonia-Rock Hill, NC-SC MSA $47,700
CHESTERFIELDNON METRO AREA $47,700
CLARENDONNON METRO AREA $47,700
COLLETONNON METRO AREA $47,700
DARLINGTONFlorence, SC $50,800
DILLONNON METRO AREA $47,700
DORCHESTERCharleston-North Charleston-Summerville, SC $61,900
EDGEFIELDAugusta-Richmond County, GA-SC $55,900
FAIRFIELDColumbia, SC $58,000
FLORENCEFlorence, SC $50,800
GEORGETOWNNON METRO AREA $56,700
GREENVILLEGreenville-Mauldin-Easley, SC $58,200
GREENWOODNON METRO AREA $52,200
HAMPTONNON METRO AREA $47,700
HORRYMyrtle Beach-North Myrtle Beach-Conway, SC $49,300
JASPERHilton Head Island-Bluffton-Beaufort $47,700
KERSHAWColumbia, SC $58,000
LANCASTERCharlotte-Gastonia-Rock Hill, NC-SC MSA $52,600
LAURENSGreenville-Mauldin-Easley, SC $58,200
LEENON METRO AREA $47,700
LEXINGTONColumbia, SC $58,000
MARIONNON METRO AREA $47,700
MARLBORONON METRO AREA $47,700
MCCORMICKNON METRO AREA $48,100
NEWBERRYNON METRO AREA $55,100
OCONEENON METRO AREA $54,800
ORANGEBURGNON METRO AREA $47,700
PICKENSGreenville-Mauldin-Easley, SC $58,200
RICHLANDColumbia, SC $58,000
SALUDAColumbia, SC $58,000
SPARTANBURGSpartanburg, SC $52,500
SUMTERSumter, SC $51,100
UNIONSpartanburg, SC $47,700
WILLIAMSBURGNON METRO AREA $47,700
YORKCharlotte-Gastonia-Rock Hill, NC-SC MSA $64,200