Cost of Living in Lugoff, SC
Housing
The housing market plays a significant role in determining the cost of living in Lugoff, SC.
- Housing Index: 90.0 / 100
- Median Home Price is: $247,000
- Average Rent (2 BR Apartment): $1200 per month
- Average Rent (2 BR House): $1280 per month
Considering the data for Lugoff, SC, the housing index of 90.0 indicates a relatively affordable market. With a median home price of 247000, buying a home may be accessible for many potential homeowners. The average rent for a 2-bedroom apartment is quite competitive at 1200, while renting a 2-bedroom house is slightly higher at 1280. If you prioritize stability and investment, purchasing a home could be a wise choice, especially considering long-term value appreciation often seen in stable markets. Location and community amenities are also key factors to consider.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Lugoff, 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 Lugoff, 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 Lugoff is a financially viable option for your relocation.