Central 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.
IndexCentralSouth CarolinaNational
Cost of living index8695100
IndexCentralSouth CarolinaNational
Goods & Services index94101100
Groceries index103109100
Health care index95100100
Housing index6680100
Transportation index8193100
Utilities index95104100
A general summary of the cost of living index in Central, SC is shown above. Compared to the state average of South Carolina the cost of living index in Central, SC is 86, which is 10% lower than the average in South Carolina and compared to the national average it is 14% lower than. The cost of living index is made up of several categories. These are transportation at 9%, utilities at 10%, goods and services at 33%, housing at 30%, groceries at 13%, and health care at 5%. The bulk of the cost of living index comes from the categories of goods and services and housing. If you look at everyday goods and services they can be a good indicator in a certain city of the general costs of goods there. In Central, SC goods and services come in at 7% lower than the average in South Carolina and are 6% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Central is 10% lower than the South Carolina average.
  • The cost of living in Central is 14% lower than the national average.
  • The cost of housing in Central is 34% 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 Central, SC Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
Price difference in compared to
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Goods & Services index
Groceries index
Health care index
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Using the salary calculator lets you compare the salary you earn in Central, 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 Central, SC, you have to earn a higher income in order to still have the same standard of living. To operate the Central, 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$40,472$3,373$944$1,214
Renters$22,574$1,881$527$677
The affordability of the housing market in Central, SC as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Central, SC homeowners, the median income is $40,472. This indicates that a monthly maximum of $944 should be spent by homeowners on all housing related costs. Renters have a median income of $22,574. This indicates that renters should have a maximum of $527 used for their rent related monthly costs.

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 Central, 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

ItemCentralNational avg.Difference
Haircut $12.75$14.5912.6%
Beauty Salon $40.00$34.6815.3%
Toothpaste $3.52$2.4742.3%
Shampoo $1.09$1.026.7%
Movie $9.13$9.877.5%
Bowling $3.50$4.3920.3%

Groceries

ItemCentralNational avg.Difference
Ground Beef $4.79$4.487.0%
Fried Chicken $1.55$1.465.9%
Milk $2.60$2.3610.3%
Potatoes $2.82$3.067.9%
Pizza $10.00$9.248.2%
Beer $8.32$8.633.6%

Health Care

ItemCentralNational avg.Difference
Optometrist $100.00$99.780.2%
Doctor $96.33$105.038.3%
Dentist $82.00$88.707.6%
Ibuprofen $10.65$9.4113.2%
Lipitor $277.99$298.506.9%

Housing

ItemCentralNational avg.Difference
Home Price $107,600.00$175,700.0038.8%
Avg. Mortgage Payment $732.54$1,081.0332.2%
Apartment Rent $704.00$920.0023.5%

Transportation

ItemCentralNational avg.Difference
Gasoline $1.70$2.0918.8%
Tire Balancing $37.00$45.2918.3%

Utilities

ItemCentralNational avg.Difference
All Electricity$144.62$170.8015.3%
Phone $30.95$28.269.5%
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.
Newry, SC7178-22%
Salem, SC12679-21%
West Union, SC32179-21%
Utica, SC1,24781-19%
Liberty, SC3,26289-11%
Central, SC5,17086-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Lindale, TX5,16990-10%
Whitfield, PA5,1711077%
Preston, ID5,17292-8%
Glendive, MT5,16793-7%
Hidden Valley, IN5,1741022%
Central, SC5,17086-14%
Source: The Central, SC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.