Cost of Living in Ruby, SC

With a cost of living index of 64, Ruby, SC is one of the most affordable cities in the country. Living here is 36% cheaper than the national average and 18% below the South Carolina state average of 82. Ruby is a small community of 244 residents.

Housing costs are the biggest factor in Ruby's cost of living. The median monthly rent is $750 (43% below the US median of $1,319), and the median home value sits at $108,700 (64% below the national median of $304,900). At current prices, the median home costs roughly 2.2x the median household income — well within traditional affordability guidelines.

The median household income in Ruby is $49,167, which is 35% lower than the national median of $75,149. Residents spend roughly 18% 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 Ruby. The area sees an average annual temperature of 61.2°F, with summers averaging 78°F and winters around 44°F. Annual rainfall totals 37.9 inches spread over roughly 113 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.