Quick facts: Columbia, SC

Quick Facts

90.5
Cost of Living
below US average
139,698
Population
34.07
Crime Rate per 1000
above US average
$54,095
Median Income
below US average
$249,990
Median House Price
above US average
$1767.02
Average Rent
above US average
17%
Poverty Rate
above US average
5.8%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $54,095.

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Income Needed to Buy

βœ— Stretch
$78k/year
Based on $249,990 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $78k vs median $54,095
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Income Needed to Rent

⚠ Stretch
$76k/year
Based on $1767.02/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $76k vs median $54,095
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Columbia, SC

Columbia, South Carolina, is the state's capital and one of its largest cities. Nestled at the intersection of two rivers, the Congaree and the Saluda, Columbia offers a unique blend of rich history, vibrant culture, and outdoor recreation. The city's historical significance is highlighted by landmarks such as the South Carolina State House, the Governor's Mansion, and various Civil War sites. Columbia is home to the University of South Carolina, which contributes to a lively atmosphere and a diverse population, with numerous cultural events, festivals, and a thriving music scene. The city also boasts several museums, including the South Carolina State Museum and the Columbia Museum of Art, showcasing art, history, and science. For those who enjoy the outdoors, Columbia has several parks and recreational areas, such as Riverfront Park and Congaree National Park, offering hiking, kayaking, and wildlife viewing opportunities. The city's culinary scene is noteworthy, with a mix of southern cuisine, farm-to-table dining, and international flavors. With its warm climate, welcoming community, and blend of tradition and modernity, Columbia is an engaging place to live or visit.

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