Quick facts: Latta, SC

Quick Facts

102.3
Cost of Living
above US average
1,258
Population
41.34
Crime Rate per 1000
above US average
$44,330
Median Income
below US average
$19,900
Median House Price
above US average
$1620
Average Rent
above US average
12%
Poverty Rate
above US average
4.2%
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 $44,330.

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Income Needed to Buy

βœ“ Affordable
$6k/year
Based on $19,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($44,330) exceeds requirement
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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 $44,330
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Latta, SC

Latta is a small town located in Dillon County, South Carolina. Nestled along the banks of the Little Pee Dee River, it serves as a quaint community with a rich history and Southern charm. Established in the late 19th century, Latta has maintained its small-town atmosphere while being part of the broader agricultural landscape of the region. Despite its size, Latta is known for its friendly residents, local events, and community spirit. The town boasts several parks and recreational areas that provide opportunities for outdoor activities, such as fishing, picnicking, and walking trails. The annual events, including festivals and local fairs, often celebrate the area's heritage and bring residents together. Latta’s proximity to larger cities like Florence and Myrtle Beach makes it an attractive residence for those seeking a slower pace while still having access to urban amenities. The town is served by a number of local businesses, schools, and churches, contributing to its tight-knit community feel. Overall, Latta captures the essence of rural South Carolina living with its welcoming environment and historical significance.

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