Cost of Living in Bamberg, SC

With a cost of living index of 67, Bamberg, SC is one of the most affordable cities in the country. Living here is 33% cheaper than the national average and 15% below the South Carolina state average of 82. Bamberg is a small community of 3,036 residents.

Housing costs are the biggest factor in Bamberg's cost of living. The median monthly rent is $779 (41% below the US median of $1,319), and the median home value sits at $129,500 (58% below the national median of $304,900). At current prices, the median home costs roughly 4.7x the median household income — a stretch for many buyers, though not uncommon in today's market.

The median household income in Bamberg is $27,614, which is 63% lower than the national median of $75,149. Residents spend roughly 34% of household income on rent. This exceeds the recommended 30% threshold, meaning many renters here are cost-burdened. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Bamberg. The area sees an average annual temperature of 65°F, with summers averaging 81°F and winters around 49°F. Annual rainfall totals 43.7 inches spread over roughly 121 days.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.