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Cost of Living in Sumter, SC

Population 43,053 · Census ACS 2020–2024 5-year estimates

Median rent$1,076
Median home value$199,100
Median household income$55,592

The median rent in Sumter, SC is $1,076/month, 9% lower than the South Carolina median and 24% lower than the U.S. median. The median home value is $199,100, 40% lower than the national median. Households earn a median of $55,592 a year, 20% lower than the state median.

Affordability

Rent as a share of median income: 23.2%
Income needed for median rent (30% rule): $43,040/yr
Home price-to-income ratio: 3.6×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $1,007/mo

Run your own numbers: mortgage calculator · hourly to salary

Sumter vs. South Carolina vs. U.S.

SumterSouth CarolinaU.S.
Median rent$1,076$1,180$1,413
Median home value$199,100$259,000$332,700
Median household income$55,592$69,324$80,734
Homeownership rate57.2%71.9%65.2%
Bachelor's degree or higher28.7%32.1%35.7%
Poverty rate16.7%14.1%12.5%
Unemployment rate6.6%4.9%5.2%
Work from home6.1%11.5%15.1%
Median age33.640.238.9

FAQ

What is the average rent in Sumter, SC?

The median gross rent in Sumter, SC is $1,076 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Sumter, SC?

Using the common 30% rule, renting a median-priced home takes about $43,040 a year in gross income.

Is Sumter, SC expensive to live in?

Rent there is 24% lower than the U.S. median, and the median home costs about 3.6 times the median household income.

Other cities in South Carolina

Charleston, SCRent $1,722 · Income $92,414Columbia, SCRent $1,204 · Income $55,529North Charleston, SCRent $1,430 · Income $62,956Mount Pleasant, SCRent $2,159 · Income $124,755Rock Hill, SCRent $1,341 · Income $68,771Greenville, SCRent $1,312 · Income $71,472

Cities with a similar cost of living

Bethany, OKRent $1,071 · Income $56,591Pueblo, CORent $1,082 · Income $56,664Shelbyville, TNRent $1,056 · Income $55,073Mishawaka, INRent $1,070 · Income $54,291Lufkin, TXRent $1,079 · Income $57,048Bossier City, LARent $1,107 · Income $55,819

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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