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South Carolina Yearly Expenses
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Multi-State
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US-175-AZ
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How to fill out Yearly Expenses?
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FAQ
The average electric bill for homes in the state is $145, while the average gas bill is around $100. Expect to pay a little over $32 every month for water, and $37 for sewer costs.
Though you will see varying costs between cities and neighborhoods across the state, the average price of a home in South Carolina is currently about $165,800, which is up about 6.8% from last year. That places it about 15% lower than the national average, making it a very affordable place to live.
When compared to the national average, the cost of living in South Carolina is 6% less than the US average. Overall, the state is affordable, with low housing costs, grocery prices, and more.
The public schools rank well in the state, and Greenville is one of South Carolina's most affordable cities to live. With a median home price just over $150,000, the average family can afford a nice home in just about any of its surburbs. Another big selling point for the city is the cooler mountain like weather.
According to 2019 reports from Numbeo.com, the average monthly utility bill for a 915 square-foot apartment in Columbia is $162.16. That includes electricity, heating, water and garbage. In Greenville, the price jumps to $168.42.
As a whole, South Carolina is an affordable place to live. However, as you get closer to the coast, home prices start to increase. Large, oceanside homes can drive up the cost of living and your insurance costs. Fortunately, there are some coastal towns that are affordable.
According to a new study, South Carolina residents spend about $450 a month on utilities. This was the third-highest rate in the county. The study found that the average electric bill in South Carolina was $140.80 a month, with monthly natural gas costs at $94.32.
Table 2, drawn from 2019 EIA data, shows the average monthly bill for residential customers in the US by state. The data shows that even though the $144.73 average monthly electric bill in SC is high compared to other states, the average price per kWh in 201912.99 cents-- is below the national average.
How much do you need to live comfortably in South Carolina? According to the Economic Policy Institute, the annual cost of living for a single person without any children averages to $2,332 monthly. If you're single, you need to make $14.72 per hour in order to make a liveable wage in South Carolina.
