Cost of Living in Columbia, SC

Housing

The housing market plays a significant role in determining the cost of living in Columbia, SC.

• Housing Index: 85.0 / 100
• Median Home Price is: $207300
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1360 per month

Considering a move to Columbia, SC? The housing index is relatively affordable at 85.0, indicating a cost-effective market. With a median home price of 207300, it's a conducive environment for homebuyers. Rentals for a 2-bedroom apartment average 1200 while a 2-bedroom house costs around 1360. This situation suggests a competitive rental market. Additionally, research social amenities and local job opportunities to solidify your decision—this data reveals a promising and budget-friendly opportunity in Columbia, SC.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Columbia, 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 Columbia, 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 Bethlehem is a financially viable option for your relocation.

Cost of Living Index

The cost of living index is a widely used metric to determine the relative affordability of cities and towns.

• Index score: 90.5

Median Income

The median income is an important factor to consider when evaluating the affordability of a city or town.

• Median Income: $54095

Educational and Social Amenities

Access to quality education, healthcare, and social services can significantly impact the overall quality of life in a city or town.

• Click here for more information

Summary

When considering a move to Columbia, SC, consider the following factors:

• Taxes: State income, property, and local income taxes can significantly impact your take-home pay.
• Job opportunities: The availability of jobs in your field can affect your quality of life.
• Cost of living: Housing costs, utilities, transportation, and other expenses should be considered when evaluating the affordability of a city or town.