Cost of Living in Bamberg County, South Carolina

$794/mo
Median Monthly Rent
$96,000
Median Home Value
16% below state averageUnaffordable

At a Glance

Median Monthly Rent
$794/mo
16% below state average
Median Home Value
$96,000
66% below national
Rent-to-Income Ratio
31.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Bamberg County Compares

Median monthly rent comparison

Bamberg County$794/mo
South Carolina Average$945/mo
National Median$1,163/mo

Detailed Housing Stats

$794/mo
Median Gross Rent
$96,000
Median Home Value
$519/mo
Monthly Owner Cost
31.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Bamberg County, South Carolina

Bamberg rents modest, but income runs low

Bamberg County residents spend 22.1% of income on rent—above the national average of roughly 30% when measured as a percentage—yet the real challenge is modest median income of $43,206. This combination means Bamberg renters dedicate a significant share of limited earnings to housing.

Slightly above South Carolina's affordability line

Bamberg's rent-to-income ratio of 22.1% exceeds South Carolina's average of 20.1%, making it less affordable than most state counties. At $794 monthly rent, Bamberg costs more than Abbeville or Barnwell, straining households with below-average incomes.

Pricier rents than nearby Barnwell County

Bamberg's $794 median rent runs $99 above neighboring Barnwell's $695, despite Bamberg's median income of $43,206 being $1,406 higher. This suggests tighter housing affordability pressures in Bamberg compared to its less costly neighbor.

Renters feel the squeeze more than owners

Bamberg households earning $43,206 allocate 22.1% to rent while homeowners spend roughly 14.4% on mortgages, creating a two-tiered affordability problem. Renters in Bamberg face steeper burdens than homeowners, limiting their ability to build wealth through property ownership.

Bamberg suits budget-conscious homebuyers

Relocating to Bamberg makes sense if you're buying: median homes run just $96,000 and ownership costs sit below rent burdens. But renters should compare Bamberg's 22.1% rent ratio to more affordable Abbeville or Barnwell before committing.

Affordability Calculator

See how your income compares to housing costs in Bamberg County

$

Rent Burden

22.1%

of gross income

Max Housing (28% Rule)

$1,008

per month

Owner Cost Burden

14.4%

of gross income

You can likely afford the median home in Bamberg County

Median home value is $96,000. Estimated monthly cost: $766 vs. your max of $1,008.

Rent Affordability Guide

Your rent-to-income ratio22.1%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Bamberg County, South Carolina?
Bamberg County, South Carolina has a median monthly rent of $794/mo and a median home value of $96,000. The affordability rating is Unaffordable, with rent making up approximately 31.0% of median household income.
What is the median rent in Bamberg County?
The median gross rent in Bamberg County is $794/mo. This is 16% below state average for South Carolina.
Is Bamberg County affordable?
Bamberg County is rated Unaffordable based on rent-to-income ratio of 31.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Bamberg County's rent compare to the state average?
Bamberg County's median rent of $794/mo is 16% below state average of $945/mo for South Carolina.
What is the median home value in Bamberg County?
The median home value in Bamberg County, South Carolina is $96,000. This is 66% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.