Cost of Living in Newtown, SC

With a cost of living index of 68, Newtown, SC is one of the most affordable cities in the country. Living here is 32% cheaper than the national average and 14% below the South Carolina state average of 82. Newtown is a small community of 969 residents.

Housing costs are the biggest factor in Newtown's cost of living. The median monthly rent is $960 (27% below the US median of $1,319), and the median home value sits at $69,300 (77% below the national median of $304,900). At current prices, the median home costs roughly 2.1x the median household income — well within traditional affordability guidelines.

The median household income in Newtown is $33,214, which is 56% lower than the national median of $75,149. Residents spend roughly 35% 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 Newtown. The area sees an average annual temperature of 63.5°F, with summers averaging 80°F and winters around 47°F. Annual rainfall totals 42.6 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.