Belvedere cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexBelvedereSouth CarolinaNational
Cost of living index8697100
IndexBelvedereSouth CarolinaNational
Goods & Services index103105100
Groceries index103105100
Health care index95101100
Housing index6180100
Transportation index7996100
Utilities index84107100
Here we can see a simple outline of the cost of living in Belvedere, SC. As you can see, with the average cost of living in Belvedere, SC being 86, that puts it 12% lower than the average of South Carolina and 14% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Belvedere, SC, the price of goods and services are 3% lower than the average of South Carolina as well as 3% higher than the nation's average.

Did you know?

  • The cost of living in Belvedere is 12% lower than the South Carolina average.
  • The cost of living in Belvedere is 14% lower than the national average.
  • The cost of housing in Belvedere is 39% lower than the national average.
  • South Carolina general sales tax is 18% higher than the national average.
  • South Carolina state income tax is 100% lower than the national average.

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Compare Belvedere, SC Cost of living To Other Cities

Salary Calculator

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Groceries index
Health care index
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Transportation index
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Using the salary calculator lets you compare the salary you earn in Belvedere, SC to what it is in other cities. It will let you know what your earnings would have to be in another city to have the same standard of living, as determined by the cost of living in each city. For example, if the cost of living in the area you want to move to is higher than the cost of living in Belvedere, SC, you have to earn a higher income in order to still have the same standard of living. To operate the Belvedere, SC salary calculator, put in the name of the other city, then move the slider to the point that represents the current income. The salary calculator will take care of the rest and tell you how much more or less you must earn in the new city. A Total breakdown of the cost of living is also provided.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$49,327$4,111$1,151$1,480
Renters$18,405$1,534$429$552
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Belvedere, SC, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Belvedere, SC has a median income of about $49,327 for people who own homes. Based on that number, a person should spend a maximum of $1,151 on expenses related to housing. Renters have a slightly different median income, which is $18,405. Based on this average, renters should spend no more than $429 on all of their rental costs if they want to maintain a non-impoverished standard of living.

South Carolina Sales Tax

StateGeneral Sales TaxWith Max Surtax
South Carolina6%9%

South Carolina Income Tax

StateIncome Tax (Low)Income Tax (High)
South Carolina0%7%
For those who live in Belvedere, SC and want to know what the true cost of living is, they ought to look at both the South Carolina income tax rate and the South Carolina sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In South Carolina, the sales tax is 6%, while the most you'll pay in surtax is 9%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in South Carolina, the income tax rate ranges between 0% to 7%.

Goods & Services

ItemBelvedereNational avg.Difference
Haircut $17.18$15.5610.4%
Beauty Salon $33.05$36.118.5%
Toothpaste $3.48$2.4740.6%
Shampoo $0.86$0.9610.9%
Movie $12.00$10.1318.5%
Bowling $4.00$4.7415.5%

Groceries

ItemBelvedereNational avg.Difference
Ground Beef $4.42$3.9811.0%
Fried Chicken $1.78$1.4126.7%
Milk $2.03$2.061.8%
Potatoes $3.32$2.9811.3%
Pizza $10.49$9.4710.7%
Beer $8.91$8.791.3%

Health Care

ItemBelvedereNational avg.Difference
Optometrist $106.50$101.045.4%
Doctor $95.00$107.4411.6%
Dentist $83.67$90.427.5%
Ibuprofen $8.82$9.284.9%
Lipitor $435.83$426.502.2%

Housing

ItemBelvedereNational avg.Difference
Home Price $92,600.00$175,700.0047.3%
Avg. Mortgage Payment $871.30$1,133.2323.1%
Apartment Rent $741.00$920.0019.5%

Transportation

ItemBelvedereNational avg.Difference
Gasoline $1.65$1.9917.3%
Tire Balancing $32.00$45.7630.1%

Utilities

ItemBelvedereNational avg.Difference
All Electricity$133.73$163.8118.4%
Phone $24.99$28.3912.0%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Warrenville, SC97181-19%
Langley, SC1,11881-19%
Gloverville, SC3,11781-19%
Graniteville, SC2,72582-18%
Murphys Estates, SC1,63583-17%
Belvedere, SC5,50486-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Holdrege, NE5,50681-19%
Nassau Village-Ratliff, FL5,50693-7%
Rockdale, TX5,50677-23%
Old Bethpage, NY5,50115252%
Hamlin, NY5,50892-8%
Belvedere, SC5,50486-14%
Source: The Belvedere, SC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.