Cost of Living in Spartanburg
If you are considering moving to Spartanburg, South Carolina or are currently residing there, it’s important to have at least a basic understanding of the cost of living and how it compares to the country as a whole.
The things you’ll need to be aware of to start budgeting for expenses:
Average Cost of Living in Spartanburg
The average cost of living in Spartanburg is 9% lower than the national average. A variety of things, like the cost of housing, groceries, utilities, transportation, and healthcare are used to generate this number.
The cost for each of the five categories, except healthcare, ranks at or below the national average in Spartanburg:
- Housing – 29% Lower
- Healthcare – 4% Higher
- Groceries – 1% Lower
- Utilities – National Average
- Transportation – 7% Lower
Average Salary in Spartanburg
Using average salaries of some of the main job titles in Spartanburg, the average salary people are reporting is $41,572, trending down 0.2% 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 Spartanburg is about 80% of the national average.
Cost of Housing in Spartanburg
There are three major things to consider when thinking about the cost of housing.
- Monthly rent
Rent on a one-bedroom apartment closer to downtown runs about $866.67 a month and a three-bedroom costs about $1,250.00 a month closer to downtown. A one-bedroom further from downtown runs about $768.75 per month and a three-bedroom costs about $988.75.
The utilities for one month with two people living together is about $119.57, including gas, heating, and water and garbage. Internet separately for one month at a rate of 60 Mbps is $49.00.
If you plan on buying a home, rather than renting, you’ll be glad to know that the average price to own in Spartanburg is $111,400, just over half the average price for the nation, $206,300.
Cost of Transportation in Spartanburg
Transportation in Spartanburg costs 7% less than the national average. The cost is figured to include:
- Public Transportation
One gallon of gas is about $2.11 in Spartanburg. For public transportation like trains, it costs about $54.40 per month and for a 5-mile taxis trip it can cost $30.
How Does the Cost of Living in Spartanburg Compare?
You can compare the cost of living in Spartanburg, 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 Spartanburg
Spartanburg was founded in 1785. It’s named after a local militia, the Spartan Regiment, from the American Revolution. It has served as the home of a military training institution, that land is now Croft State Park, and had a booming textile industry until the 1950s. The city currently hosts the Carolina Panther’s training camp each year at Wofford College.
Whether you are visiting or a resident of Spartanburg, there are a number of interesting things to do:
- Glendale Shoals Preserve – Consisting of 13 acres near the old Glendale Mill and Lawson’s Fork Creek, the Preserve is a great place to visit for both nature and history buffs. The area is populated by significant animal, bird, and plant life. You can also see the ruins of the Glendale Mill, originally set up by James Bivings, the pioneer of the mill village in the up-country.
- Hub City Railroad Museum – Free Admission. See artifacts from the railroad, textile, and peach industries of Spartanburg. You can also see a real-time view of the Norfolk Southern train locations.
- Vintage Warehouse – 20,000 square feet of antique, upcycled, and handcrafted gems. They receive regular inventory, so there are fresh finds for every visit.
Financial Assistance in Spartanburg, South Carolina
At one point in your time living in the lovely city of Spartanburg, South Carolina, you may have considered financial assistance. Financial assistance may be necessary when you find the following problems you can’t pay for on your own:
- Personal projects: Like everyone else in the world, residents from Spartanburg, South Carolina have dreams. If you have one that you want to reach for, it might take some financing. Things like bills, obligations and other necessary payments may get in the way to pay for things like that.
- Emergency medical expenses: If you or someone you love needs an expensive surgery, Spartanburg residents may need the financial assistance to pay for life-saving procedures that they may not have the money for.
- Risk of foreclosure: If Spartanburg residents are running the risk of foreclosure, and don’t have the income to pay for their home, then financial assistance may be necessary to keep a roof over their heads.
- Insurance: Maybe your insurance rates are up in the financial environment of Spartanburg and are looking for financial assistance that could help pay off the insurance you need that supports your car, home, or even your life.
- Fines: Speeding tickets and other fines still exist in Spartanburg, South Carolina, and the need to pay them off may be hard when other bills are on your list, which makes financial assistance a favorable option.
- Family: If you live in Spartanburg, South Carolina, you may be looking for financial assistance for insurance for your family or even to pay for a newborn, especially if you’re a new family that doesn’t want finances to wear you down.
Based on all these types of financial assistance that could be available in Spartanburg, here are just a few tips when applying for financial assistance:
- Be prepared: You may need lots of documentation and “proof” to be eligible for things like government grants or nonprofit financial assistance, so be sure to have that information every time you are applying for it.
- Repayment: Spartanburg residents should always be aware of what the costs are for taking financial assistance that you may desperately need. As a result, always figure out if you can pay off any financial assistance you get before applying for it.
- Expect a wait: For many of these types of financial assistance, expect a few days or even weeks before any of your information is processed.
So even with all these options for Spartanburg residents, going through tough times can feel even tougher when financial assistance is harder to find. But wait! If you are a Spartanburg resident that needs fast cash that is convenient and easy, then why not apply for title loans.
What are the loan options in Spartanburg, South Carolina?
If you live in or near Spartanburg, South Carolina there are several possible credit loan options available to you when you find yourself in need of emergency funds. One option may be a title loan. A title loan has a number of advantages over other loan types:
- Competitive loan terms – Because title loans are secured, you are often able to get access to more money, at a better interest rate, for a longer repayment period.
- No lengthy application process – you may be able to get your money in as little as one business day3.
Now that you know some of the advantages of a title loan in Spartanburg, South Carolina, what else do you need to apply for a title loan?
What documents do I need to get a Title Loan?
There are only a few documents you need when applying for a title loan:
- Title for the vehicle
- Government-Issued Photo I.D. (Driver’s License, State I.D., Passport, etc.)
- Photos of the front, back, and sides of vehicle
- Proof of Income
- Proof of Residence (Certain pieces of mail)
What is considered proof of income for a Title Loan?
A lot of people think a paystub is the only way you can demonstrate proof of income to a lender. However, there are a number of ways you can show you can pay back your title loan:
- Worker’s Compensation
- Settlement/Court-Ordered Award
- Social Security
How much money can I get with a Title Loan in South Carolina?
This varies based on a number of factors:
- Value of your vehicle
- Loan Terms
- Income (ability to repay the loan)
The value of your car will determine the maximum that you may be able to borrow1. That said, the actual amount you may be able to borrow is based on your ability to repay the loan1.
How do I get a copy of my vehicle’s title?
Are there any costs other than the interest for a Title Loan?
Applying for a title loan is free. However, it is possible that there will be other fees and charges associated with the loan.
What happens if I fail to pay my Title Loan?
In the worst case scenario when a customer cannot make payments, the most effective strategy is to maintain constant communication with your lender. If you continually communicate and the lender knows where you stand, most lenders will work with you. All lenders want to work with their customers to help them pay the loan back by keeping an ongoing dialog. Payment plans and help are usually available. When a customer falls silent is when they run into issues.
The best way to handle your financial situation is to keep in contact with your lender. When you pick a lender that understands your financial situation, you can both work on a plan that will satisfy your lending terms and your current budget.
How to get an Auto Title Loan in Spartanburg, South Carolina
Title loans may be a great way to get emergency funds while bypassing the lengthy application process for other loans. Additionally, because they are a secured loan, you may receive a better interest rate than if you took out an unsecured loan. If you own a car with a qualifying title in your name, you may be eligible for a loan1. Streamlined application process means the turnaround between submitting your information receiving your money could be less than 24 hours3.
- Call 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 representative
- Sign your agreement and collect your funds!
Don’t let unforeseen expenses get the best of you in Spartanburg! Take advantage of quick service and amazing benefits to get the funds you need today and get your financial plan back on track!