Cost of Living in Wade Hampton, SC

With a cost of living index of 89, Wade Hampton, SC is a very affordable place to live. Living here is 11% cheaper than the national average and 7% above the South Carolina state average of 82. Wade Hampton is a smaller community of 20,703 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Wade Hampton's cost of living. The median monthly rent is $1,064 (19% below the US median of $1,319), and the median home value sits at $293,300 (4% below the national median of $304,900). At current prices, the median home costs roughly 3.9x the median household income — a moderately affordable ratio by today's standards.

The median household income in Wade Hampton is $75,522, which is 0% higher than the national median of $75,149. Residents spend roughly 17% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Wade Hampton. The area sees an average annual temperature of 63.3°F, with summers averaging 80°F and winters around 46°F. Annual rainfall totals 47 inches spread over roughly 121 days.

Everyday prices in the Greenville-Anderson-Greer, 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.