Cost of Living in Fountain Inn, SC

An Overview of Cost of Living in Fountain Inn, SC

Are you thinking about relocating, but curious about the potential cost of living in Fountain Inn? Is it more expensive or more affordable than average? Based on the most recent report, the cost of living in Fountain Inn stands at 94, making it 6% lower than the national average. The cost of living directly affects the affordability of one's desired lifestyle. Knowing the cost of housing, transportation, groceries and other essentials in the new area allows people to gauge whether they can maintain their preferred standard of living.

Everyday expenditures like food, housing, goods and services, transportation and health care in Fountain Inn are priced in a manner consistent with other areas. This means that residents of Fountain Inn can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.

Is Fountain Inn Affordable?

Is Fountain Inn an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Fountain Inn is 13.8% lower than the national average, while the average monthly rent prices are 23.2% lower than average. The affordability of any location can also be influenced by median income levels. Fountain Inn has a median household income of $65,221, which is 17.9% higher than the national average.

What Factors can Influence the Cost of Living in Fountain Inn?

Utilities: As with the prices of anything else, utility costs can exhibit significant variations, contingent on factors like climate, energy source availability, geographic location and state regulations. The expenses associated with electricity, water, heating, and waste disposal can fluctuate, either upward or downward, depending on the particular city or state. In Fountain Inn, the utilities index registers 7.8% lower than the national average.

Transportation: In areas where public transportation is scarce or unavailable, residents often find themselves compelled to own and upkeep vehicles, thereby increasing the overall cost of living. Monthly expenses encompass fuel, insurance, routine maintenance and potentially lease or financing payments. In Fountain Inn, the transportation index is 9.7% lower than the national average.

Healthcare: Healthcare expenses and insurance premiums can vary significantly depending on the specific city or state. Factors such as accessibility to healthcare facilities, out-of-pocket expenses for doctor's visits, dental care expenses, prescription costs and specialized medical care fees can all influence the overall cost of living. In Fountain Inn, healthcare costs are 0.4% lower than the national average.

Where is the Data From?

The Fountain Inn cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. Published on a quarterly basis, it compiles data from more than 300 independent researchers, encompassing over 60 goods and services. These items have been meticulously selected to represent various consumer expenditure categories, in 6 categories. Weightings assigned to cost differentials draw from government survey data tracking spending patterns among professional and executive households. While the C2ER index excludes data on sales or income tax rates, AreaVibes incorporates tax rates into the overall cost of living score for each region.