Irmo, SC Cost Of Living
Cost Of Living In Irmo, SC Summary
Cost of living in Irmo research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Irmo is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in South Carolina, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Irmo is 94, with 100 being the average.
The cost of living index in Irmo is 0.9x lower than the national average.
Irmo ranks as the #57 cheapest in South Carolina out of 99.
Irmo ranks as the #2,290 cheapest out of 6,412 in the US.
The median home value in Irmo is $154,000.
The median income in Irmo is $81,380.
Table Of Contents
Irmo's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Irmo, SC?
According to the most recent data on the cost of living, Irmo has an overall cost of living index of 94, which is 0.9x lower than the national index of 100.
Compared to South Carolina, Irmo has a cost of living index that's 1.0x lower than South Carolina's index of 96.
The standard of living in Irmo ranks as #57 most affordable out of the 99 places we measured in South Carolina. By definition, that implies Irmo ranks as the #42 most expensive place in the Palmetto State.
For more reading on life in Irmo, check out:
- Living In Irmo
- Irmo Crime Report
- Search Homes For Sale In Irmo, SC
In South Carolina
In America
Irmo Cost Of Living Vs. South Carolina
Six factors go into calculating the cost of living index in Irmo. Here is how it fairs on each of the criteria:
The Services index in Irmo is 93.
The Groceries index in Irmo is 107.
The Health index in Irmo is 74.
The Housing index in Irmo is 80.
The Transportation index in Irmo is 89.
The Utilities index in Irmo is 130.
| Living Expense | Irmo | South Carolina | National Average | |
|---|---|---|---|---|
| Overall | 94 | 96 | 100 | |
| Services | 93 | 99 | 100 | |
| Groceries | 107 | 100 | 100 | |
| Health | 74 | 96 | 100 | |
| Housing | 80 | 89 | 100 | |
| Transportation | 89 | 90 | 100 | |
| Utilities | 130 | 107 | 100 | |
Irmo, SC Housing Cost Breakdown
Housing swings affordability the most between places in South Carolina, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Irmo is $154,000.
The Median Rent in Irmo is $1,303.
The Median Income in Irmo is $81,380.
The Home Value To Income in Irmo is 1.9x.
The Rent To Monthly Income in Irmo is 0.19x.
| Statistic | Irmo | South Carolina | United States |
|---|---|---|---|
| Median Home Value | $154,000 | $181,800 | $244,900 |
| Median Rent | $1,303 | $970 | $1,163 |
| Median Income | $81,380 | $58,234 | $69,021 |
| Home Value To Income | 1.9x | 3.1x | 3.5x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Irmo, SC Costs By Category
Detailed Irmo Services Costs Vs. South Carolina
| Item | Irmo | South Carolina |
|---|---|---|
| Shampoo | $1.01 | $1.06 |
| Movie | $11.12 | $10.68 |
| Bowling | $13.83 | $14.67 |
| Haircut | $14.0 | $18.62 |
| Beauty Salon | $41.63 | $39.05 |
Detailed Irmo Groceries Costs Vs. South Carolina
| Item | Irmo | South Carolina |
|---|---|---|
| Ground Beef | $4.57 | $4.22 |
| Fried Chicken | $1.4 | $1.39 |
| Milk | $2.19 | $2.05 |
| Potatoes | $3.78 | $3.29 |
| Pizza | $10.72 | $10.62 |
| Beer | $10.3 | $9.38 |
| Toothpaste | $2.26 | $2.34 |
Detailed Irmo Health Costs Vs. South Carolina
| Item | Irmo | South Carolina |
|---|---|---|
| Optometrist | $51.67 | $108.57 |
| Doctor | $102.0 | $116.17 |
| Dentist | $59.0 | $99.13 |
Detailed Irmo Transportation Costs Vs. South Carolina
| Item | Irmo | South Carolina |
|---|---|---|
| Gasoline | $2.0 | $2.22 |
| Tire Balancing | $40.0 | $50.07 |
Detailed Irmo Utilities Costs Vs. South Carolina
| Item | Irmo | South Carolina |
|---|---|---|
| All Electricity | $248.45 | $167.67 |
| Phone | $185.81 | $175.64 |
Irmo SnackAbility
/10
Cost Of Living In Cities Around Irmo
The cost of living varies in the cities and towns around Irmo. Here's a quick look at the cost of living in the most populous nearby places:
Lexington, SC has a cost of living index of 99, 1.1x Irmo.
St. Andrews, SC has a cost of living index of 87, 0.9x Irmo.
West Columbia, SC has a cost of living index of 94, 1.0x Irmo.
| City | Population | Cost Of Living | Vs. Irmo |
|---|---|---|---|
| Lexington, SC | 23,068 | 99 | 1.1x |
| St. Andrews, SC | 21,383 | 87 | 0.9x |
| West Columbia, SC | 17,265 | 94 | 1.0x |
| Seven Oaks, SC | 15,561 | 92 | 1.0x |
| Dentsville, SC | 15,245 | 88 | 0.9x |
| Cayce, SC | 13,637 | 90 | 1.0x |
| Oak Grove, SC | 11,803 | 93 | 1.0x |
| Forest Acres, SC | 10,621 | 99 | 1.1x |
| Red Bank, SC | 10,070 | 93 | 1.0x |
| Woodfield, SC | 8,970 | 90 | 1.0x |
