Brookdale 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.
IndexBrookdaleSouth CarolinaNational
Cost of living index8997100
IndexBrookdaleSouth CarolinaNational
Goods & Services index111105100
Groceries index98105100
Health care index93101100
Housing index5180100
Transportation index9896100
Utilities index106107100
Here we can see a simple outline of the cost of living in Brookdale, SC. As you can see, with the average cost of living in Brookdale, SC being 89, that puts it 8% lower than the average of South Carolina and 11% 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 Brookdale, SC, the price of goods and services are 5% higher than the average of South Carolina as well as 11% higher than the nation's average.

Did you know?

  • The cost of living in Brookdale is 8% lower than the South Carolina average.
  • The cost of living in Brookdale is 11% lower than the national average.
  • The cost of housing in Brookdale is 49% 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.

Find Real Estate Listings In Brookdale

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Brookdale

Compare Brookdale, SC Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index
Using the salary calculator lets you compare the salary you earn in Brookdale, 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 Brookdale, SC, you have to earn a higher income in order to still have the same standard of living. To operate the Brookdale, 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$33,594$2,800$784$1,008
Renters$11,125$927$260$334
If you want to find a good determining factor for the cost of living and the general affordability of housing in Brookdale, SC, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Brookdale, SC, the median monthly income is $33,594 for those who own their own homes. Under the standard rule, that income level would allow for $784 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $11,125, per the median income in the area. That would allow for renters to spend up to $260 on monthly rental expenses.

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%
When considering the overall cost of living expenses in Brookdale, SC, it's important to take into account the sales tax for South Carolina, as well as the rate for income tax in South Carolina. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for South Carolina is 9%, and the sales tax in the state of South Carolina is 6%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in South Carolina starts from 0% and goes up to 7%.

Goods & Services

ItemBrookdaleNational avg.Difference
Haircut $15.85$15.561.8%
Beauty Salon $50.53$36.1139.9%
Toothpaste $2.77$2.4712.2%
Shampoo $0.92$0.965.1%
Movie $11.42$10.1312.8%
Bowling $4.58$4.743.3%

Groceries

ItemBrookdaleNational avg.Difference
Ground Beef $4.14$3.983.8%
Fried Chicken $1.14$1.4119.1%
Milk $1.75$2.0615.3%
Potatoes $3.21$2.987.6%
Pizza $11.81$9.4724.7%
Beer $8.96$8.791.9%

Health Care

ItemBrookdaleNational avg.Difference
Optometrist $103.96$101.042.9%
Doctor $87.34$107.4418.7%
Dentist $95.77$90.425.9%
Ibuprofen $9.30$9.280.2%
Lipitor $333.71$426.5021.8%

Housing

ItemBrookdaleNational avg.Difference
Home Price $81,900.00$175,700.0053.4%
Avg. Mortgage Payment $784.40$1,133.2330.8%
Apartment Rent $558.00$920.0039.3%

Transportation

ItemBrookdaleNational avg.Difference
Gasoline $1.82$1.998.8%
Tire Balancing $51.88$45.7613.4%

Utilities

ItemBrookdaleNational avg.Difference
All Electricity$196.42$163.8119.9%
Phone $24.95$28.3912.1%
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.
Cope, SC15482-18%
Edisto, SC2,32987-13%
Wilkinson Heights, SC2,51488-12%
Bowman, SC77689-11%
Cordova, SC21790-10%
Brookdale, SC4,27189-11%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Santa Teresa, NM4,27191-9%
Social Circle, GA4,27095-5%
Falls City, NE4,27080-20%
Comanche, TX4,26977-23%
Fruitland Park, FL4,27588-12%
Brookdale, SC4,27189-11%
Source: The Brookdale, SC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.