Cost of Living in Ridgeland, SC
Housing
The housing market plays a significant role in determining the cost of living in Ridgeland, SC.
- Housing Index: 90.0 / 100
- Median Home Price is: $220,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1100 per month
Analyzing the data for Ridgeland, SC, it appears that the housing index stands at 90.0, suggesting a fairly affordable market relative to other areas. With a median home price of 220000 and an average rent of 1200 for a 2-bedroom apartment, along with 1100 for a 2-bedroom house, the cost of living is competitive. Keep in mind that the lower rental rates may attract families or professionals looking for more space. Overall, this region presents a viable option for affordable living and a potential investment opportunity.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Ridgeland, SC.
- Electricity Price: $14.18 USD (median by state)
- Natural Gas Price: $23.51 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Ridgeland, SC could entail higher utility costs. Electricity costs sit at $14.18, while natural gas is priced at $23.51 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Ridgeland is a financially viable option for your relocation.