Conway 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.
IndexConwaySouth CarolinaNational
Cost of living index9497100
IndexConwaySouth CarolinaNational
Goods & Services index99105100
Groceries index103105100
Health care index113101100
Housing index7980100
Transportation index10196100
Utilities index100107100
A general summary of the cost of living index in Conway, SC is shown above. Compared to the state average of South Carolina the cost of living index in Conway, SC is 94, which is 3% lower than the average in South Carolina and compared to the national average it is 6% 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 Conway, SC goods and services come in at 6% lower than the average in South Carolina and are 1% lower than compared to the nationwide average.

Did you know?

  • The cost of living in Conway is 3% lower than the South Carolina average.
  • The cost of living in Conway is 6% lower than the national average.
  • The cost of housing in Conway is 21% 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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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
The salary calculator is used in order to provide a comparison of your current salary in Conway, 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 Conway, SC, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Conway, 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$52,985$4,415$1,236$1,590
Renters$15,855$1,321$370$476
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Conway, SC, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Conway, SC homeowners have a median income of $52,985. Using that number, you will come up with a maximum of $1,236 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $15,855, which means there is a maximum of $370 to be spent on the costs of renting a home or apartment.

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%
The South Carolina sales tax and South Carolina income tax rates should definitely be considered when determining the overall cost of living in Conway, SC. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The South Carolina sales tax is 6% and the maximum surtax is 9%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The South Carolina income tax rates range from 0% to 7%.

Goods & Services

ItemConwayNational avg.Difference
Haircut $14.22$15.568.6%
Beauty Salon $41.53$36.1115.0%
Toothpaste $2.12$2.4714.3%
Shampoo $1.00$0.963.3%
Movie $11.29$10.1311.5%
Bowling $3.90$4.7417.7%

Groceries

ItemConwayNational avg.Difference
Ground Beef $4.72$3.9818.5%
Fried Chicken $1.36$1.413.1%
Milk $1.97$2.064.5%
Potatoes $3.34$2.9812.0%
Pizza $9.13$9.473.6%
Beer $8.69$8.791.1%

Health Care

ItemConwayNational avg.Difference
Optometrist $110.28$101.049.1%
Doctor $140.44$107.4430.7%
Dentist $101.50$90.4212.3%
Ibuprofen $8.83$9.284.9%
Lipitor $427.77$426.500.3%

Housing

ItemConwayNational avg.Difference
Home Price $145,600.00$175,700.0017.1%
Avg. Mortgage Payment $958.55$1,133.2315.4%
Apartment Rent $645.00$920.0029.9%

Transportation

ItemConwayNational avg.Difference
Gasoline $1.96$1.991.6%
Tire Balancing $48.95$45.767.0%

Utilities

ItemConwayNational avg.Difference
All Electricity$167.71$163.812.4%
Phone $28.00$28.391.4%
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.
Bucksport, SC76086-14%
Aynor, SC74893-7%
Loris, SC2,45993-7%
Socastee, SC20,49696-4%
Forestbrook, SC4,53997-3%
Conway, SC18,64594-6%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Bourbonnais, IL18,64198-2%
Troy, AL18,63692-8%
Trenton, MI18,63589-11%
Linda, CA18,6341011%
Westminster, MD18,65611212%
Conway, SC18,64594-6%
Source: The Conway, SC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.