Quick facts: Pomaria, SC

Quick Facts

102.3
Cost of Living
above US average
130
Population
38.46
Crime Rate per 1000
above US average
$76,250
Median Income
below US average
$329,900
Median House Price
above US average
$1620
Average Rent
above US average
8%
Poverty Rate
below US average
3.5%
Unemployment Rate
below 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 $76,250.

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Income Needed to Buy

βœ— Stretch
$103k/year
Based on $329,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $103k vs median $76,250
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Income Needed to Rent

βœ“ Affordable
$69k/year
Based on $1620/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($76,250) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Pomaria, SC

Pomaria is a small town located in Newberry County, South Carolina. With a population of around 300 residents, it embodies the charm of rural Southern life. Establishing its roots in the late 19th century, Pomaria once thrived with agricultural activities, particularly in the cultivation of cotton and peaches. The town is mostly residential and offers a tight-knit community atmosphere where many families have lived for generations. The surrounding landscape is characterized by rolling hills and fields, providing a picturesque backdrop for outdoor activities. Key local attractions include the nearby Lake Murray, which is perfect for fishing, boating, and picnicking, and Newberry, the county seat, which offers additional shopping and dining options. Pomaria is served by the Newberry County School District, ensuring educational access for its youth. The town is conveniently located near larger cities, making it easy for residents to enjoy a slower pace of life while being a short drive from urban amenities. Overall, Pomaria offers a tranquil lifestyle steeped in Southern traditions within a beautiful setting.

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