Fountain Inn 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.
IndexFountain InnSouth CarolinaNational
Cost of living index9495100
IndexFountain InnSouth CarolinaNational
Goods & Services index106101100
Groceries index110109100
Health care index105100100
Housing index7180100
Transportation index9693100
Utilities index98104100
A general overview of the cost of living index for Fountain Inn, SC is displayed above. In Fountain Inn, SC, the overall cost of living index is 94, which is 1% lower than the South Carolina average and 6% lower than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Fountain Inn, SC, the city's goods and services are 5% higher than the South Carolina average and 6% higher than the U.S. average.

Did you know?

  • The cost of living in Fountain Inn is 1% lower than the South Carolina average.
  • The cost of living in Fountain Inn is 6% lower than the national average.
  • The cost of housing in Fountain Inn is 29% 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 Fountain Inn, 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
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Using the salary calculator lets you compare the salary you earn in Fountain Inn, 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 Fountain Inn, SC, you have to earn a higher income in order to still have the same standard of living. To operate the Fountain Inn, 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$53,655$4,471$1,252$1,610
Renters$25,165$2,097$587$755
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Fountain Inn, SC as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Fountain Inn, SC homeowners, is $53,655. This would allow for a maximum of $1,252 per month to be spent on housing costs. For renters, the median monthly income is $25,165 which would result in a maximum of $587 to be spent on rental 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%
When assessing the complete cost of living in Fountain Inn, SC, the South Carolina income tax and the South Carolina sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The South Carolina maximum surtax is 9%, and the South Carolina sales tax is 6%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0% to 7% in South Carolina.

Goods & Services

ItemFountain InnNational avg.Difference
Haircut $16.20$14.5911.0%
Beauty Salon $43.89$34.6826.6%
Toothpaste $3.19$2.4729.0%
Shampoo $1.03$1.020.8%
Movie $10.50$9.876.4%
Bowling $3.89$4.3911.4%

Groceries

ItemFountain InnNational avg.Difference
Ground Beef $4.93$4.4810.1%
Fried Chicken $1.56$1.466.6%
Milk $2.63$2.3611.6%
Potatoes $3.18$3.063.9%
Pizza $9.59$9.243.8%
Beer $9.35$8.638.3%

Health Care

ItemFountain InnNational avg.Difference
Optometrist $108.40$99.788.6%
Doctor $104.00$105.031.0%
Dentist $94.20$88.706.2%
Ibuprofen $10.74$9.4114.1%
Lipitor $311.55$298.504.4%

Housing

ItemFountain InnNational avg.Difference
Home Price $118,800.00$175,700.0032.4%
Avg. Mortgage Payment $838.34$1,081.0322.4%
Apartment Rent $727.00$920.0021.0%

Transportation

ItemFountain InnNational avg.Difference
Gasoline $1.90$2.099.3%
Tire Balancing $49.31$45.298.9%

Utilities

ItemFountain InnNational avg.Difference
All Electricity$148.43$170.8013.1%
Phone $31.84$28.2612.7%
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.
Princeton, SC6075-25%
City View, SC1,46784-16%
Judson, SC2,02885-15%
Gray Court, SC83487-13%
Watts Mills, SC1,73688-12%
Fountain Inn, SC8,03194-6%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Island Lake, IL8,0331055%
Wellington, KS8,02884-16%
Liberty Lake, WA8,0271077%
Chestnut Ridge, NY8,03515757%
Murrells Inlet, SC8,0271099%
Fountain Inn, SC8,03194-6%
Source: The Fountain Inn, SC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.