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Cost of Living in Sumter

Is it better to rent or buy in Sumter? 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.

$57,526
$1,132/mo

Median in area: $1,132

$156,248

Median in area: $156,248

$31,250

If you Rent

🔑
$1,306 /mo
Base Rent$1,132
Est. Utilities$174
% of Income27.2%
Pre-tax Residual$3,488

If you Buy

🏠
$1,083 /mo
P&I (6.5%)$790
Taxes & Ins$119
Est. Utilities$174
% of Income22.6%
Pre-tax Residual$3,711

Cost of Living FAQs

Is it cheaper to rent or buy in Sumter?›

Based on median housing data, buying is currently more affordable on a monthly basis in Sumter. The estimated all-in monthly cost for renting is $1,306, while owning a median-priced home with a 20% down payment is roughly $1,083 per month (a difference of $223).

How much do utilities cost in Sumter?›

The average monthly utility cost (electricity and natural gas) for a typical home in Sumter is approximately $174. This estimate uses local utility rate schedules combined with median energy consumption profiles.

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

To comfortably afford the median rent and utilities in Sumter without exceeding the recommended 30% housing-to-income threshold, a household should earn a gross salary of approximately $52,240 per year.