Cost Of Living In Edgefield, SC

Edgefield 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.
Index	Edgefield	South Carolina	National
Cost of living index	83	97	100
Index	Edgefield	South Carolina	National
Goods & Services index	103	105	100
Groceries index	103	105	100
Health care index	95	101	100
Housing index	53	80	100
Transportation index	79	96	100
Utilities index	84	107	100

A general summary of the cost of living index in Edgefield, SC is shown above. Compared to the state average of South Carolina the cost of living index in Edgefield, SC is 83, which is 14% lower than the average in South Carolina and compared to the national average it is 17% 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 Edgefield, SC goods and services come in at 3% lower than the average in South Carolina and are 3% higher than compared to the nationwide average.

Did you know?

The cost of living in Edgefield is 14% lower than the South Carolina average.
The cost of living in Edgefield is 17% lower than the national average.
The cost of housing in Edgefield is 47% 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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Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Use the salary calculator to compare your current income in Edgefield, SC to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Edgefield, SC, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Edgefield, SC salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$39,688	$3,307	$926	$1,191
Renters	$18,326	$1,527	$428	$550

If you want to find a good determining factor for the cost of living and the general affordability of housing in Edgefield, 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 Edgefield, SC, the median monthly income is $39,688 for those who own their own homes. Under the standard rule, that income level would allow for $926 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $18,326, per the median income in the area. That would allow for renters to spend up to $428 on monthly rental expenses.

South Carolina Sales Tax

State	General Sales Tax	With Max Surtax
South Carolina	6%	9%

South Carolina Income Tax

State	Income Tax (Low)	Income Tax (High)
South Carolina	0%	7%

When considering the overall cost of living expenses in Edgefield, 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

Item	Edgefield	National avg.	Difference
Haircut	$17.18	$15.56	10.4%
Beauty Salon	$33.05	$36.11	8.5%
Toothpaste	$3.48	$2.47	40.6%
Shampoo	$0.86	$0.96	10.9%
Movie	$12.00	$10.13	18.5%
Bowling	$4.00	$4.74	15.5%

Groceries

Item	Edgefield	National avg.	Difference
Ground Beef	$4.42	$3.98	11.0%
Fried Chicken	$1.78	$1.41	26.7%
Milk	$2.03	$2.06	1.8%
Potatoes	$3.32	$2.98	11.3%
Pizza	$10.49	$9.47	10.7%
Beer	$8.91	$8.79	1.3%

Health Care

Item	Edgefield	National avg.	Difference
Optometrist	$106.50	$101.04	5.4%
Doctor	$95.00	$107.44	11.6%
Dentist	$83.67	$90.42	7.5%
Ibuprofen	$8.82	$9.28	4.9%
Lipitor	$435.83	$426.50	2.2%

Housing

Item	Edgefield	National avg.	Difference
Home Price	$91,100.00	$175,700.00	48.2%
Avg. Mortgage Payment	$871.30	$1,133.23	23.1%
Apartment Rent	$527.00	$920.00	42.7%

Transportation

Item	Edgefield	National avg.	Difference
Gasoline	$1.65	$1.99	17.3%
Tire Balancing	$32.00	$45.76	30.1%

Utilities

Item	Edgefield	National avg.	Difference
All Electricity	$133.73	$163.81	18.4%
Phone	$24.99	$28.39	12.0%

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, State	Population	Cost of Living Index	National Avg.
Ward, SC	107	81	-19%
Saluda, SC	3,590	82	-18%
Johnston, SC	2,216	82	-18%
Murphys Estates, SC	1,635	83	-17%
Clarks Hill, SC	240	85	-15%
Edgefield, SC	4,719	83	-17%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Turners Falls, MA	4,719	105	5%
Elmsford, NY	4,719	153	53%
Seven Lakes, NC	4,719	113	13%
Midway, NC	4,717	96	-4%
Barnwell, SC	4,717	87	-13%
Edgefield, SC	4,719	83	-17%

Source: The Edgefield, SC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.

Edgefield, SC Cost of Living