Cost of Living in Charleston, SC
Housing
The housing market plays a significant role in determining the cost of living in Charleston, SC.
- Housing Index: 120.5 / 100
- Median Home Price is: $407500
- Average Rent (2 BR Apartment): $2200 per month
- Average Rent (2 BR House): $2240 per month
Considering a move to Charleston, SC? With a housing index of 120.5, this area is slightly above the national average, indicating a competitive market. The median home price stands at 407500, making homeownership potentially challenging for many buyers. Meanwhile, rents are relatively high, with the average for a 2-bedroom apartment at 2200 and a house at 2240. If you're open to long-term leasing, this might be a cost-effective alternative to purchasing. Remember to also consider job opportunities and school districts when evaluating your relocation decision.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Charleston, 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.): $250 per month
Living in Charleston, 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 $250 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 Charleston is a financially viable option for your relocation.