Here are the key population statistics for Columbia, South Carolina:

• The city of Columbia has a population of over 136,000 residents, while the metropolitan area is home to more than 832,000 people.
• Over the past 10 years, Columbia’s population has increased by 7,360 new residents, representing a growth rate of 5.7%.
• As the capital of South Carolina, Columbia is the state’s second most populous city, trailing only Charleston.
• The metropolitan area of Columbia, also known as the “Midlands of South Carolina,” encompasses eight counties, including Richland (where Columbia is located) and Lexington.
• Between 2010 and 2020, the Columbia metropolitan statistical area (MSA) experienced a net population increase of nearly 80,000 people.
• By 2030, the population of the Columbia metro area is projected to exceed 900,000 residents.

The U.S. Census Bureau has recently published the net domestic migration figures for each state in 2022, indicating the number of people moving in and out of an area. Out of the fifty states, twenty-six states experienced a net influx of people, with more people moving in than out, while twenty-five states experienced a net loss of movers. Among the states that saw a net gain in domestic migration, Florida (318,855), Texas (230,961), North Carolina (99,796), and South Carolina (84,030) were the top performers. Positive net domestic migration, along with positive net international migration, played a significant role in driving population growth in these areas.

MEDIAN HOME PRICE

Data shows that the median cost of a home in Columbia is $165,000, whereas the national average median cost of a home in the United States is $306,300 As previously mentioned, many residents of Columbia, SC choose to rent homes instead of purchasing them, which invariably affects the average monthly cost of housing. In fact, there is almost an even 50-50 split between the homes in Columbia that are occupied by renters and those that are occupied by the owners.

AVERAGE RENT

Columbia, SC, is a bustling city with a rich history and vibrant cultural scene. However, like many cities, the cost of living can be a concern for residents. In the past month, the rental market in Columbia has seen some interesting trends. According to recent data, the average rent for a studio apartment decreased by 3% to $1,267, while the average rent for a one-bedroom apartment increased by 2% to $1,117. The average rent for a two-bedroom apartment also increased by 4% to $1,200. Three-bedroom and four-bedroom rental properties are the most expensive, and they will typically cost around $1,537 and $1,743, respectively.

UTILITIES

In Columbia, SC, the cost of living is lower compared to both the state and national averages, with a 2% and 6% reduction, respectively. Housing costs are particularly lower at 27% cheaper than the U.S average, although utility expenses are about 30% higher. For basic necessities like food and clothing, groceries are only slightly more expensive at around 3% higher, while clothing is also around 3% more costly. Healthcare services, including doctor check-ups and dentistry, are cheaper at 19% less than the national average. However, non-essential expenditures like entertainment and grooming services are slightly more expensive at 3% higher in Columbia, SC.

Residents should anticipate paying an extra 8.9% for utilities, which includes electricity, gas, water, cable, and internet. For a 1000 square foot apartment, the estimated monthly cost of basic utilities is around $170, with an additional $75.00 for an internet package.

GROCERIES

Typically, when shopping at their preferred grocery store, residents of Columbia should expect to spend between $246.72 and $290.88, which is lower compared to the national average. While 4% might not appear to be a significant amount, these savings can accumulate over time.