Housing costs in Lakewood?
A typical home costs
$243,100, which is 28.1% less expensive than the national average of
$338,100 and 6.5% less expensive than the average South Carolina home, at
$259,900. Renting a two-bedroom unit in Lakewood costs
$1,010 per month, which is 29.4% cheaper than the national average of
$1,430 and 9.9% cheaper than the state average of
$1,110.
Can I afford Lakewood?
To live comfortably in Lakewood, South Carolina, a minimum annual income of
$46,440 for a family, and
$33,200 for a single person is recommended.
What does A.I. say about Lakewood?
The cost of living in Lakewood, SC is quite affordable. Groceries, healthcare, and transportation are all much lower than the national average. Housing costs are also quite low with rents averaging about $1,000 a month for a one bedroom apartment. Utility costs are also quite reasonable as electricity, heating, and water bills average significantly lower than other parts of the country. Overall, Lakewood is an attractive destination for those looking for an affordable cost of living.