Cost of Living in Lane, SC

With a cost of living index of 74, Lane, SC is one of the most affordable cities in the country. Living here is 26% cheaper than the national average and 8% below the South Carolina state average of 82. Lane is a small community of 531 residents.

Housing costs are the biggest factor in Lane's cost of living. The median monthly rent is $1,063 (19% below the US median of $1,319), and the median home value sits at $113,900 (63% below the national median of $304,900). At current prices, the median home costs roughly 3.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Lane is $35,726, which is 52% lower than the national median of $75,149. Residents spend roughly 36% 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 Lane. The area sees an average annual temperature of 65.1°F, with summers averaging 79°F and winters around 50°F. Annual rainfall totals 55.6 inches spread over roughly 134 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.