Housing costs in Spartanburg?
A typical home costs
$232,300, which is 31.3% less expensive than the national average of
$338,100 and 10.6% less expensive than the average South Carolina home, at
$259,900. Renting a two-bedroom unit in Spartanburg costs
$970 per month, which is 32.2% cheaper than the national average of
$1,430 and 14.4% cheaper than the state average of
$1,110.
Can I afford Spartanburg?
To live comfortably in Spartanburg South Carol Metro Area, South Carolina, a minimum annual income of
$44,640 for a family, and
$34,000 for a single person is recommended.
What does A.I. say about Spartanburg?
The cost of living in the Spartanburg, SC Metro Area is significantly lower than the nationwide average. According to data, the median house value in Spartanburg is $232,300 which is much lower than the US average of $338,100. Additionally, the Cost of Living Index (COLI) for this region is 83 compared to a US average of 100. This means that it costs about 17% less to live in this area compared to other parts of the country. The comparatively low cost of living makes Spartanburg an attractive option for people looking to relocate or invest in real estate.