This section is generated from cached city metrics and clearly labeled state-level benchmarks. It is meant to make the Tega Cay page less generic and more useful for comparing housing, income, utilities, taxes, insurance, demographics, and nearby alternatives.
Affordability Summary
Population is 13,267, so Tega Cay should be compared with similar-size places before using broader South Carolina averages. Median household income is $141,037, so the best affordability read for Tega Cay is income versus housing, taxes, utilities, and insurance together.
Median home value is $494,500, so ownership costs in Tega Cay should be checked with mortgage, property tax, insurance, and maintenance assumptions. Two-bedroom rent is $1,307/mo, so renters can compare Tega Cay against ownership costs and nearby rental markets.
Housing and Income Context
For Tega Cay, household income runs high enough that housing choice can dominate affordability. Home values are elevated enough that taxes and financing terms can move the total cost.
Use the home value, rent, and income fields together before deciding whether Tega Cay looks more favorable for renting, buying, or comparing with Newport, SC.
Utility Cost Context
The residential electricity benchmark is $0.164/kWh, so Tega Cay households should treat usage, home size, heating, and cooling as the practical bill drivers. The electricity value shown for Tega Cay is a South Carolina state-level EIA benchmark, so it should not be read as a local provider tariff.
For Tega Cay, utility planning is stronger when the electric benchmark is paired with home age, square footage, insulation, HVAC equipment, and household occupancy.
Property Tax Context
Median property tax paid is $3,162, so Tega Cay buyers should still verify parcel-specific tax records before budgeting. Parcel boundaries, exemptions, school districts, and reassessment rules can move the actual bill for a Tega Cay address.
Compare the property tax field with home value rather than reading it by itself; a lower tax bill can still pair with a different assessment base or exemption profile.
Insurance and Risk Context
Insurance costs in Tega Cay depend on address-level factors such as roof condition, structure age, coverage limits, claims history, deductible choice, and carrier underwriting.
Home value, tax burden, and insurance exposure should be reviewed together for Tega Cay, especially when comparing with Newport, SC.
Population and Demographics
Median age is 41.5, so Tega Cay may have different school, commute, healthcare, and housing demand patterns than a statewide average. Bachelor+ share is 65.7%, so Tega Cay education context can be useful when reading labor-market and school sections.
Unemployment is 4.8%, so Tega Cay wage and job-market context should be compared with commute options and regional employment centers.
