1st Advantage MortgageIn McCormick County, South Carolina, the typical household earns $55,798 a year and the typical rent is $696. Your income, debts and credit decide what you qualify for. Get offers in writing, compare the total repaid, and never pay a fee up front.
On this page
- Who lives in McCormick County
- How McCormick County ranks in South Carolina
- McCormick County industries and commutes
- McCormick County housing compared with South Carolina
- The $55,798 median and what sits around it
- McCormick County communities by population
- McCormick County next to its neighbors
- Debt-to-income at McCormick County's medians
- What the numbers mean for McCormick County borrowers
- People and households in McCormick County
- Verifying a lender from McCormick County
- Before you sign
- Related local guides
- Frequently asked questions
Who lives in McCormick County
Roughly 9,760 residents live in McCormick County, South Carolina, 45th by population among the state's 46 counties and county equivalents. It covers 359 square miles of land, or about 27 people per square mile. It sits outside every metropolitan statistical area in the July 2023 OMB delineation. McCormick (2,506 people) heads the county's list of 7 Census places, 3 incorporated and 4 census-designated. Small populations mean wide margins of error, so read every McCormick County figure on this page as a rough guide.
How McCormick County ranks in South Carolina
The 4 McCormick County numbers that rank furthest from typical in South Carolina, and what each means for a borrower:
- The uninsured rate: 3.5% in McCormick County, the lowest of 46 in South Carolina. Lower uninsured rates still leave deductibles; check what a plan covers first.
- Few South Carolina counties match McCormick County on median age: 59.5 here, 40.2 for the state, ranking the highest of 46. Older borrowers often rely on fixed incomes, so a fixed payment helps.
- Few South Carolina counties match McCormick County on homeownership: 88% here, 72% for the state, ranking the highest of 46. Most households here own, so home equity is often an alternative to weigh.
- Population: 9,760 in McCormick County. Only 1 of 46 South Carolina counties are lower. With few local branches, online lenders and statewide credit unions widen the choice.
McCormick County industries and commutes
Education and health care employs 24% of working residents, the largest share; manufacturing is next with 17%. McCormick County over-indexes on public administration: 8% versus 4% in South Carolina. Averaged over the five survey years, 4.4% of the labor force was out of work and looking. Commutes of 45 minutes-plus: 25%; under 15 minutes: 25%.
| Industry (employed residents 16+) | McCormick County | Gap to South Carolina |
|---|---|---|
| Education and health care | 24.0% | +1.9 pts |
| Manufacturing | 16.6% | +3.5 pts |
| Retail trade | 10.7% | -0.5 pts |
| Professional and administrative services | 9.5% | -2.1 pts |
| Public administration | 8.2% | +3.9 pts |
| Construction | 6.8% | -0.4 pts |
Self-employed in McCormick County? Two years of tax returns usually stand in for pay stubs.
McCormick County housing compared with South Carolina
A typical McCormick County rental runs $696 a month including utilities, which is 41% below South Carolina. By the Census definition, 54% of McCormick County renters are cost-burdened. The median owner-occupied home is valued at $168,700, about 3.0 times the median household income. In McCormick County, 88% of occupied homes are owned by the people living in them.
| Home costs | McCormick County | South Carolina | Compared with South Carolina |
|---|---|---|---|
| Owners | 88% | 72% | +16.0 pts |
| Burdened owners | 35% | 26% | +9.6 pts |
| Mobile homes | 21.6% | 14.2% | +7.3 pts |
| Median gross rent | $696/mo | $1,180/mo | 41% lower |
| Median home value | $168,700 | $259,000 | 35% lower |
| Rent-burdened renters | 54% | 52% | +2.2 pts |
In an owner-heavy county like McCormick County, many borrowers can also choose a home equity loan or line of credit. Those can price lower but put the house on the line, so compare the two in writing; our personal loan vs. HELOC guide walks through it. When half or more of renters are already stretched, a new payment needs a stress test: what happens if a paycheck is a week late?
The $55,798 median and what sits around it
Median household income in McCormick County: $55,798 (20% below South Carolina, $69,324).
| Households earning | McCormick County | +/- vs South Carolina |
|---|---|---|
| Under $35,000 | 30.5% | +5.8 pts |
| $35,000 to $99,999 | 47.5% | +5.5 pts |
| $100,000 to $199,999 | 19.3% | -5.1 pts |
| $200,000 or more | 2.7% | -6.2 pts |
About 31% of households earn under $35,000, while 22% clear $100,000. The poverty rate is 17.6%, 4 points higher than the state's 14.1%. Income inequality, measured by the Gini index, comes to 0.462 here. None of these numbers decides a McCormick County application. Lenders weigh your own documented income against your own debts.
McCormick County communities by population
Places, by size: the top 7 of 7. Roughly 61% of McCormick County lives outside all of them, in open country or unnamed settlements. None of the 7 has its own city guide, so this page covers all of them.
| Town or CDP | Type | People | Median household income | Median gross rent | Miles from center |
|---|---|---|---|---|---|
| McCormick | town | 2,506 | $41,111 | $670 | 2 mi |
| Modoc | CDP | 577 | $98,073 | n/a | 13 mi |
| Mount Carmel | CDP | 261 | $43,504 | n/a | 14 mi |
| Willington | CDP | 138 | $43,417 | n/a | 9 mi |
| Clarks Hill | CDP | 133 | $45,208 | n/a | 19 mi |
| Plum Branch | town | 95 | n/a | n/a | 5 mi |
| Parksville | town | 82 | $40,625 | $644 | 10 mi |
A CDP is a named community without its own municipal government.
McCormick County next to its neighbors
Distances run center to center, from Lincoln County at 11 miles out to Wilkes County at 26. Richest neighbor: Columbia County, $95,592. Poorest: Wilkes County, $52,043. McCormick County: $55,798. The list crosses into Georgia, where different lending rules and regulators apply.
| Nearby county | Center to center | Household income | Gross rent | Owner-occupied |
|---|---|---|---|---|
| McCormick County | - | $55,798 | $696/mo | 88% |
| Lincoln County, GA | 11 mi | $56,907 | $786/mo | 77% |
| Greenwood County, SC | 21 mi | $52,830 | $898/mo | 67% |
| Edgefield County, SC | 22 mi | $73,029 | $720/mo | 80% |
| Columbia County, GA | 24 mi | $95,592 | $1,409/mo | 78% |
| Abbeville County, SC | 24 mi | $52,935 | $799/mo | 78% |
| Wilkes County, GA | 26 mi | $52,043 | $786/mo | 66% |
Debt-to-income at McCormick County's medians
McCormick County's $55,798 median income, run through a debt-to-income check:
- Median income divided by twelve: $4,650 before taxes
- Housing at the median rent of $696 uses 15%
- 35% debt-to-income limit: $931 left for all other debt payments
- $1,396: what a 45% ratio leaves once rent is paid
These are gross figures; take-home pay in McCormick County will be lower after taxes and deductions.
What the numbers mean for McCormick County borrowers
A few patterns in the McCormick County data, and the practical point behind each:
- Car trouble. For McCormick County drivers (25% with 45-minute-plus trips), price the repair against the car's value first.
- Mobile home upkeep. 22% of units fall in this category; roof, skirting and HVAC jobs are common reasons to borrow.
- Age 59.5 at the median. Many McCormick County applicants document income with award letters; ask about early payoff.
- Rent at $696. With 54% burdened, a short term and small amount keep risk down.
People and households in McCormick County
24% of McCormick County adults 25 and older hold a bachelor's degree or more. Uninsured, McCormick County: 3.5%; South Carolina: 9.6%.
| Indicator | McCormick County | +/- South Carolina | +/- U.S. county |
|---|---|---|---|
| Median age | 59.5 | +19.3 yrs | +18.0 yrs |
| Bachelor's or higher | 24.0% | -8.1 pts | +1.8 pts |
| No health insurance | 3.5% | -6.1 pts | -4.3 pts |
| No high school diploma | 14.2% | +4.3 pts | n/a |
| Poverty rate | 17.6% | +3.5 pts | +4.4 pts |
| No vehicle | 4.1% | -1.6 pts | -1.3 pts |
| Unemployment (ACS) | 4.4% | -0.5 pts | -0.1 pts |
| Work from home | 11.4% | -0.1 pts | +2.7 pts |
| Trip time | Share |
|---|---|
| Under 15 min | 24.8% |
| 15 to 29 min | 12.9% |
| 30 to 44 min | 37.3% |
| 45 to 59 min | 12.1% |
| 60+ min | 13.0% |
Verifying a lender from McCormick County
McCormick County borrowers fall under statewide rules, enforced by the South Carolina State Board of Financial Institutions. South Carolina also has the Consumer Finance Division of the State Board of Financial Institutions for consumer credit. Banks and credit unions have their own regulators, and the CFPB takes complaints about any lender. See the South Carolina state guide for the statewide picture.
Before you sign
Four checks before you sign anything:
- Know the exact dollar figure you need before talking to a lender.
- Line up offers side by side: APR, fees in dollars, total cost.
- Look the lender up with the state regulator first.
- Lock paid-off cards after consolidating so balances stay at zero.
Related local guides
For statewide rules and data, see the South Carolina guide.
Frequently asked questions
Is $55,798 a good income in McCormick County?
It is the county median, so half of McCormick County households earn more and half less; 22% earn $100,000 or more.
Can a McCormick County renter afford a loan payment?
At the $696 median rent and $4,650 median monthly income, rent alone uses 15%; add other debts before a new payment.
How many towns are in McCormick County?
The Census Bureau counts 7 places mainly in the county, led by McCormick, Modoc, Mount Carmel, Willington, Clarks Hill.
Will a McCormick County address affect my match?
Beyond confirming South Carolina as your state, no. Your answers about amount, credit, income and payments are all that count.
Where can someone in McCormick County check a lender's license?
With the South Carolina State Board of Financial Institutions. If a lender is unlicensed or asks for a fee before funding, walk away.