Cost of Living in Elgin, SC
Housing
The housing market plays a significant role in determining the cost of living in Elgin, SC.
- Housing Index: 90.0 / 100
- Median Home Price is: $340,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $960 per month
Considering a move to Elgin, SC? The housing index of 90.0 indicates it is relatively affordable compared to the national average. With a median home price of 340000, buying a home could be a wise investment for long-term stability. If renting is more suitable for your needs, the average rent for a 2BR apartment stands at 1200, while a 2BR house averages 960. These prices suggest that both renting and buying options provide fairly accessible living choices, allowing you to find what best fits your lifestyle and budget.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Elgin, 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 Elgin, 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 Elgin is a financially viable option for your relocation.