If you currently live in Columbia, South Carolina or if you are considering moving there, it’s a good idea to have at least a basic understanding of what the cost of living is and how it compares to the nation as a whole. LoanMart has assembled some data to help you understand how the cost of living in Columbia compares to the rest of the country. In addition to information about things like salaries, we’ve compiled what you need to know to start being aware of how much to budget for expenses like:
Average Cost of Living in Columbia
The average cost of living in Columbia is 3% lower than the national average. This number is generated by using the costs of a number of different things like housing, groceries, utilities, transportation, and healthcare.
The cost for each of the five categories, except utilities, ranks at or below the national average in Columbia:
- Housing – 25% Lower
- Healthcare – 7% Lower
- Groceries – National Average
- Utilities – 11% Higher
- Transportation – 8% Lower
How does Columbia stack up, compared to other major cities around the United States? Take a look below:
- Phoenix, Arizona: 3% lower than Columbia
- Miami, Florida: 17% higher than Columbia
- Anchorage, Alaska: 31% higher than Columbia
- Dallas, Texas: 4% higher than Columbia
- New York City, New York: 135% higher than Columbia
- Knoxville, Tennessee: 16% lower than Columbia
- Chicago, Illinois: 26% higher than Columbia
Average Salary in Columbia
Using average salaries of some of the main job titles in Columbia, the average salary people are reporting is $44,286, trending down 1.5% over the last few months of the end of 2017. This is compared to the U.S. average of $51,939. The average salary in Columbia is about 85% of the national average.
Cost of Housing in Columbia
There are three major things consider when thinking about the cost of housing.
- Monthly rent
Rent on one-bedroom apartments closer to downtown run about $865.91 a month and a three-bedroom costs about $1,593.75 a month closer to downtown. A one-bedroom further from downtown runs about $691.67 per month and a three-bedroom costs about $1,205.00.
The utilities for one month with two people living together is about $143.05, including gas, heating, and water and garbage. Internet separately for one month at a rate of 60 Mbps is $62.73.
If you plan on buying a home, rather than renting, you’ll be excited to hear that the average price to own in Columbia is $131,300, just over half the average price for the nation, $206,300.
Cost of Transportation in Columbia
Transportation in Columbia costs 8% less than the national average. The cost is figured to include:
- Public Transportation
One gallon of gas is about $2.10 in Columbia. For public transportation like trains, it costs about $40 per month and for a 5-mile taxis trip it can cost $14.
How Does the Cost of Living in Columbia Compare?
You can compare the cost of living in Columbia, South Carolina to where you live now by simply entering all your information on this website that helps you compare the cost of living between two cities, or the cost of a single city to the national average.
Living in Columbia
During the 1990s and early 2000s, Columbia saw heavy investment in revitalizing its downtown area. The Congaree Vista district, previously known as a warehouse district, has since become known for its art galleries, shops, and restaurants. It’s also home to the state’s flagship university, University of South Carolina, and Fort Jackson.
There are a number of great things to do in Columbia, whether you are visiting or are a resident:
- Riverbank Zoo and Botanical Gardens – Home to nearly 2,000 animals and representing over 350 species from around the world, Riverbank Zoo and Botanical Gardens hosts more than 70-acres of plants, over 4,300 species of native and exotic plants and is considered one of the greatest public gardens in the United States.
- South Carolina State Museum – A state-of-the-art museum featuring a digital dome planetarium, a 4D interactive theater, and an observatory. It’s the largest and most comprehensive museum in the state.
LoanMart can Help with Living Expenses
LoanMart may be able to help current and potential residents of Columbia when life drops an unexpected expense in your lap1. We are a major, non-traditional lender that has helped thousands of people across the country overcome unanticipated financial hardships.
How to get an Auto Title Loan with LoanMart
Title loans allow you to get emergency funds without the lengthy application process of most other loans. And since they are secured with collateral, you may receive a more-favorable interest rate than if you borrowed an unsecured loan. If you have a qualifying car title in your name, you may be eligible to qualify for a loan of up to $30,0001. LoanMart’s streamlined application process means the turnaround between submitting your information receiving your money could be less than 24 hours3.
With our easy process, we give you three ways to apply that make it convenient for you:
- Apply at a participating store
- Call us at 1-877-787-4923
- Apply online without leaving your home
Once you’ve figured out the best way for you to apply, all you have to do is follow these steps to get the money you need1:
- Fill out the application
- Submit your important documents to your LoanMart representative
- Sign your LoanMart agreement and collect your funds!
Don’t let unexpected expenses get the best of you in Columbia! Take advantage of LoanMart’s quick service and amazing benefits to get the funds you need today1!