Cost of Living in Lancaster, SC
Housing
The housing market plays a significant role in determining the cost of living in Lancaster, SC.
- Housing Index: 90.0 / 100
- Median Home Price is: $207000
- Average Rent (2 BR Apartment): $1410 per month
- Average Rent (2 BR House): $1480 per month
Considering a move to Lancaster, SC? With a housing index of 90.0, it's essential to note that the median home price stands at 207000, making home ownership relatively accessible. Rents for a 2-bedroom apartment average around 1410, while a 2-bedroom house goes for about 1480. Although affordability appears promising, it's wise to consider job opportunities and lifestyle amenities in your decision-making process. Keep in mind the area's market trends and factors that could influence future home values for a comprehensive evaluation.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lancaster, 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 Lancaster, 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 Lancaster is a financially viable option for your relocation.