Quick facts: Bowman, SC

Quick Facts

102.3
Cost of Living
above US average
769
Population
23.41
Crime Rate per 1000
above US average
$33,250
Median Income
below US average
$175,000
Median House Price
above US average
$1620
Average Rent
above US average
15%
Poverty Rate
above US average
5.0%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $33,250.

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Income Needed to Buy

βœ— Stretch
$55k/year
Based on $175,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $55k vs median $33,250
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Income Needed to Rent

⚠ Stretch
$69k/year
Based on $1620/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $69k vs median $33,250
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Bowman, SC

Bowman is a small town located in Orangeburg County, South Carolina. It sits at the crossroads of several major highways, making it a convenient stop for travelers. The town has a quaint, small-town charm characterized by friendly residents and a slower pace of life. As of the 2020 census, the population is around 1,200 people. Bowman is rich in history and offers a glimpse into Southern culture with its historical buildings and community events. The area surrounding Bowman is primarily rural, featuring picturesque landscapes and agricultural land. Outdoor enthusiasts can enjoy activities such as fishing, hiking, and exploring local parks. The economy of Bowman is primarily driven by agriculture, small businesses, and local industries. The town hosts several annual events, including festivals that celebrate local traditions and heritage. For those seeking a quiet, community-oriented lifestyle while still being within reach of larger cities like Orangeburg and Columbia, Bowman is a welcoming option in South Carolina.

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