Gaffney 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.
IndexGaffneySouth CarolinaNational
Cost of living index8697100
IndexGaffneySouth CarolinaNational
Goods & Services index101105100
Groceries index99105100
Health care index104101100
Housing index5580100
Transportation index9396100
Utilities index100107100
The above illustration supplies generalized information for the Gaffney, SC cost of living index. Compared to other cities in South Carolina and cities across the country, the cost of living index in Gaffney, SC is 86, which is 11% lower than the South Carolina average and 14% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Gaffney, SC are 4% lower than the average for South Carolina and 1% higher than the rest of the country.

Did you know?

  • The cost of living in Gaffney is 11% lower than the South Carolina average.
  • The cost of living in Gaffney is 14% lower than the national average.
  • The cost of housing in Gaffney is 45% 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 Gaffney, SC Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current salary in Gaffney, SC to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Gaffney, SC, then you would need to earn more income in order to maintain the same standard of living. To use the Gaffney, SC salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$38,583$3,215$900$1,158
Renters$18,333$1,528$428$550
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Gaffney, 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 Gaffney, SC homeowners, is $38,583. This would allow for a maximum of $900 per month to be spent on housing costs. For renters, the median monthly income is $18,333 which would result in a maximum of $428 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 you are determining the total cost of living in Gaffney, SC you will want to make sure you consider both the South Carolina sales tax and the South Carolina income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in South Carolina is 6%, with the highest surtax being 9%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in South Carolina have a range from 0% to 7%.

Goods & Services

ItemGaffneyNational avg.Difference
Haircut $16.71$15.567.4%
Beauty Salon $46.19$36.1127.9%
Toothpaste $2.68$2.478.5%
Shampoo $0.98$0.961.9%
Movie $11.30$10.1311.6%
Bowling $4.29$4.749.4%

Groceries

ItemGaffneyNational avg.Difference
Ground Beef $4.45$3.9811.7%
Fried Chicken $1.20$1.4115.0%
Milk $2.05$2.060.7%
Potatoes $3.54$2.9818.8%
Pizza $10.11$9.476.8%
Beer $9.12$8.793.7%

Health Care

ItemGaffneyNational avg.Difference
Optometrist $106.98$101.045.9%
Doctor $108.83$107.441.3%
Dentist $94.83$90.424.9%
Ibuprofen $10.15$9.289.4%
Lipitor $436.41$426.502.3%

Housing

ItemGaffneyNational avg.Difference
Home Price $91,300.00$175,700.0048.0%
Avg. Mortgage Payment $813.65$1,133.2328.2%
Apartment Rent $569.00$920.0038.2%

Transportation

ItemGaffneyNational avg.Difference
Gasoline $1.75$1.9912.0%
Tire Balancing $47.70$45.764.2%

Utilities

ItemGaffneyNational avg.Difference
All Electricity$138.46$163.8115.5%
Phone $34.86$28.3922.8%
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.
Clifton, SC32575-25%
Henrietta, NC50980-20%
Light Oak, NC79880-20%
Central Pacolet, SC21083-17%
East Gaffney, SC3,25882-18%
Gaffney, SC12,56586-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Big Bear City, CA12,56311212%
Santa Fe, TX12,57295-5%
Palos Heights, IL12,57212727%
Windsor Locks, CT12,55411717%
Lynden, WA12,57911818%
Gaffney, SC12,56586-14%
Source: The Gaffney, SC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.