Iva, SC vs New Ellenton, SC

Iva, SC and New Ellenton, SC have a very similar cost of living, with only a 2.5% difference in their overall index. Iva scores 65 while New Ellenton scores 67 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Iva is $685/month compared to $695/month in New Ellenton — a 1% difference. Home values follow the same pattern: Iva is more affordable at $140,800 median vs $164,900.

Median household income in Iva is $24,313 compared to $60,625 in New Ellenton (-59.9%). While New Ellenton is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Iva spend roughly 33.8% of their income on rent, more than the 13.8% in New Ellenton. The New Ellenton ratio exceeds the commonly recommended 30% threshold, which can put pressure on household budgets.

Climate-wise, New Ellenton is notably warmer with an average of 65.4°F compared to 61.9°F in Iva. Iva receives more rainfall at 46.3" per year compared to 44.1" in New Ellenton.