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Cost of Living in Irmo

Is it better to rent or buy in Irmo? Explore median costs, utility estimates, and run the numbers on your own budget to see how far your income goes.

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Rent vs. Buy Affordability Calculator

Adjust the sliders to match your scenario. We recommend keeping total housing costs under 40% of your gross income.

$77,193
$1,339/mo

Median in area: $1,339

$218,546

Median in area: $218,546

$43,709

If you Rent

$1,545 /mo
Base Rent$1,339
Est. Utilities$206
% of Income24.0%
Pre-tax Residual$4,888

If you Buy

$1,509 /mo
P&I (6.891%)$1,150
Taxes & Ins$153
Est. Utilities$206
% of Income23.5%
Pre-tax Residual$4,923

Cost of Living FAQs

Is it cheaper to rent or buy in Irmo?›

Based on median housing data, buying is currently more affordable on a monthly basis in Irmo. The estimated all-in monthly cost for renting is $1,545, while owning a median-priced home with a 20% down payment is roughly $1,509 per month (a difference of $36).

How much do utilities cost in Irmo?›

The average monthly utility cost (electricity and natural gas) for a typical home in Irmo is approximately $206. This estimate uses local utility rate schedules combined with median energy consumption profiles.

What is a good salary to live comfortably in Irmo?›

To comfortably afford the median rent and utilities in Irmo without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $61,800 per year.