Boiling Springs 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.
IndexBoiling SpringsSouth CarolinaNational
Cost of living index9697100
IndexBoiling SpringsSouth CarolinaNational
Goods & Services index101105100
Groceries index99105100
Health care index104101100
Housing index8780100
Transportation index9396100
Utilities index100107100
Here we can see a simple outline of the cost of living in Boiling Springs, SC. As you can see, with the average cost of living in Boiling Springs, SC being 96, that puts it 1% lower than the average of South Carolina and 4% 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 Boiling Springs, SC, the price of goods and services are 4% lower than the average of South Carolina as well as 1% higher than the nation's average.

Did you know?

  • The cost of living in Boiling Springs is 1% lower than the South Carolina average.
  • The cost of living in Boiling Springs is 4% lower than the national average.
  • The cost of housing in Boiling Springs is 13% 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 Boiling Springs, SC Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Cost of living index
Goods & Services index
Groceries index
Health care index
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Transportation index
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The salary calculator is used in order to provide a comparison of your current salary in Boiling Springs, SC to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Boiling Springs, SC, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Boiling Springs, SC salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$81,146$6,762$1,893$2,435
Renters$33,628$2,802$785$1,009
One can approximate the cost of living and the housing affordability in Boiling Springs, SC by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Boiling Springs, SC have a median income of $81,146. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,893 per month to avoid calamity and poverty. The renters in the city have an income of about $33,628, which would make their monthly maximum allowable rental costs $785.

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 Boiling Springs, 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

ItemBoiling SpringsNational avg.Difference
Haircut $16.71$15.567.4%
Beauty Salon $46.19$36.1127.9%
Toothpaste $2.68$2.478.5%
Shampoo $0.98$0.961.9%
Movie $11.30$10.1311.6%
Bowling $4.29$4.749.4%

Groceries

ItemBoiling SpringsNational avg.Difference
Ground Beef $4.45$3.9811.7%
Fried Chicken $1.20$1.4115.0%
Milk $2.05$2.060.7%
Potatoes $3.54$2.9818.8%
Pizza $10.11$9.476.8%
Beer $9.12$8.793.7%

Health Care

ItemBoiling SpringsNational avg.Difference
Optometrist $106.98$101.045.9%
Doctor $108.83$107.441.3%
Dentist $94.83$90.424.9%
Ibuprofen $10.15$9.289.4%
Lipitor $436.41$426.502.3%

Housing

ItemBoiling SpringsNational avg.Difference
Home Price $148,400.00$175,700.0015.5%
Avg. Mortgage Payment $813.65$1,133.2328.2%
Apartment Rent $840.00$920.008.7%

Transportation

ItemBoiling SpringsNational avg.Difference
Gasoline $1.75$1.9912.0%
Tire Balancing $47.70$45.764.2%

Utilities

ItemBoiling SpringsNational avg.Difference
All Electricity$138.46$163.8115.5%
Phone $34.86$28.3922.8%
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.
Fingerville, SC3699-1%
Gramling, SC099-1%
Clifton, SC32575-25%
Henrietta, NC50980-20%
Southern Shops, SC4,39480-20%
Boiling Springs, SC8,54296-4%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Burtonsville, MD8,54113434%
Malverne, NY8,54416262%
Mapleton, UT8,54511717%
Citrus Springs, FL8,54596-4%
Clarendon Hills, IL8,54814545%
Boiling Springs, SC8,54296-4%
Source: The Boiling Springs, SC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.