Quick facts: Sumter, SC

Quick Facts

102.3
Cost of Living
above US average
42,757
Population
40.88
Crime Rate per 1000
above US average
$48,900
Median Income
below US average
$249,900
Median House Price
above US average
$1256.21
Average Rent
below US average
15%
Poverty Rate
above US average
6.0%
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 $48,900.

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Income Needed to Buy

βœ— Stretch
$78k/year
Based on $249,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $78k vs median $48,900
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Income Needed to Rent

⚠ Stretch
$54k/year
Based on $1256.21/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $54k vs median $48,900
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sumter, SC

Sumter, South Carolina, is a charming city located in the central part of the state, serving as the seat of Sumter County. Known for its rich history and vibrant community, Sumter boasts a blend of Southern hospitality and cultural heritage. The city's origins date back to the 18th century, and it has evolved into a hub for industry and commerce. One of the city's highlights is the Swan Lake Iris Gardens, famous for its picturesque landscapes, tranquil lakes, and numerous species of irises. Sumter also features a variety of parks and recreational facilities, making it perfect for outdoor activities. The local economy is bolstered by a diverse mix of industries, including manufacturing, healthcare, and military presence, with Shaw Air Force Base nearby. Sumter is home to a growing population, fostering a strong sense of community with numerous events, shops, and dining options. With its historical sites, beautiful gardens, and welcoming residents, Sumter offers a unique glimpse into Southern life, making it an appealing destination for both visitors and residents alike.

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