Cost of Living in Furman, SC

With a cost of living index of 60, Furman, SC is one of the most affordable cities in the country. Living here is 40% cheaper than the national average and 22% below the South Carolina state average of 82. Furman is a small community of 747 residents.

Housing costs are the biggest factor in Furman's cost of living. The median monthly rent is $670 (49% below the US median of $1,319), and the median home value sits at $83,000 (73% below the national median of $304,900). At current prices, the median home costs roughly 1.4x the median household income — well within traditional affordability guidelines.

The median household income in Furman is $57,708, which is 23% lower than the national median of $75,149. Residents spend roughly 14% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. 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 Furman. The area sees an average annual temperature of 67.2°F, with summers averaging 82°F and winters around 52°F. Annual rainfall totals 45 inches spread over roughly 118 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

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.