Cost of Living in Sumter, SC

Housing

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

• Housing Index: 90.0 / 100
• Median Home Price is: $207000
• Average Rent (2 BR Apartment): $1200 per month
• Average Rent (2 BR House): $1365.6 per month

Considering a move to Sumter, SC? The housing index of 90.0 indicates a favorable market for residents. The median home price of 207000 is approachable, particularly for first-time buyers. Rental options are also viable, with average expenses of 1200 for a 2-bedroom apartment and 1365.6 for a house. It’s essential to weigh these costs alongside local amenities and job opportunities, as transitioning to a new area requires both financial and lifestyle compatibility. Overall, Sumter offers promising affordability for housing enthusiasts.

Utilities

The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Sumter, 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 Sumter, 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: 95.2

Median Income

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

• Median Income: $48900

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.

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Summary

When considering a move to Sumter, 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.