Cost of Living in St. Stephen, SC

With a cost of living index of 69, St. Stephen, SC is one of the most affordable cities in the country. Living here is 31% cheaper than the national average and 13% below the South Carolina state average of 82. St. Stephen is a small community of 1,460 residents.

Housing costs are the biggest factor in St. Stephen's cost of living. The median monthly rent is $764 (42% below the US median of $1,319), and the median home value sits at $131,400 (57% 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 St. Stephen is $59,688, which is 21% lower 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. 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 St. Stephen. The area sees an average annual temperature of 66.5°F, with summers averaging 81°F and winters around 51°F. Annual rainfall totals 52.5 inches spread over roughly 114 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Charleston-North Charleston, 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.