Cost of Living in Gilbert, SC

With a cost of living index of 82, Gilbert, SC is a very affordable place to live. Living here is 18% cheaper than the national average and in line with the South Carolina state average. Gilbert is a small community of 563 residents.

Housing costs are the biggest factor in Gilbert's cost of living. The median monthly rent is $980 (26% below the US median of $1,319), and the median home value sits at $239,100 (22% below the national median of $304,900). At current prices, the median home costs roughly 3.1x the median household income — a moderately affordable ratio by today's standards.

The median household income in Gilbert is $76,364, which is 2% higher than the national median of $75,149. Residents spend roughly 15% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Gilbert. The area sees an average annual temperature of 64.3°F, with summers averaging 81°F and winters around 48°F. Annual rainfall totals 45.2 inches spread over roughly 109 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Columbia, SC (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

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.