Cost of Living in Scranton, SC

With a cost of living index of 62, Scranton, SC is one of the most affordable cities in the country. Living here is 38% cheaper than the national average and 20% below the South Carolina state average of 82. Scranton is a small community of 820 residents.

Housing costs are the biggest factor in Scranton's cost of living. The median monthly rent is $807 (39% 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 3.2x the median household income — a moderately affordable ratio by today's standards.

The median household income in Scranton is $26,250, which is 65% lower than the national median of $75,149. Residents spend roughly 37% 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 Scranton. The area sees an average annual temperature of 64.7°F, with summers averaging 81°F and winters around 48°F. Annual rainfall totals 45.3 inches spread over roughly 111 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Florence, 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.