Greer 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.
IndexGreerSouth CarolinaNational
Cost of living index9795100
IndexGreerSouth CarolinaNational
Goods & Services index106101100
Groceries index110109100
Health care index105100100
Housing index8080100
Transportation index9693100
Utilities index98104100
A general summary of the cost of living index in Greer, SC is shown above. Compared to the state average of South Carolina the cost of living index in Greer, SC is 97, which is 2% higher than the average in South Carolina and compared to the national average it is 3% 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 Greer, SC goods and services come in at 5% higher than the average in South Carolina and are 6% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Greer is 2% higher than the South Carolina average.
  • The cost of living in Greer is 3% lower than the national average.
  • The cost of housing in Greer is 20% 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 Greer, SC Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Greer, 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 Greer, SC, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Greer, 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 IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$57,481$4,790$1,341$1,725
Renters$29,023$2,419$677$871
The affordability of the housing market in Greer, 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 Greer, SC homeowners, the median income is $57,481. This indicates that a monthly maximum of $1,341 should be spent by homeowners on all housing related costs. Renters have a median income of $29,023. This indicates that renters should have a maximum of $677 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%
When considering the overall cost of living expenses in Greer, 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

ItemGreerNational 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

ItemGreerNational 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

ItemGreerNational 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

ItemGreerNational avg.Difference
Home Price $139,200.00$175,700.0020.8%
Avg. Mortgage Payment $838.34$1,081.0322.4%
Apartment Rent $751.00$920.0018.4%

Transportation

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

Utilities

ItemGreerNational 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.
Gramling, SC01044%
Fingerville, SC361044%
Tigerville, SC1,8391044%
Southern Shops, SC4,39483-17%
City View, SC1,46784-16%
Greer, SC26,62697-3%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Fredericksburg, VA26,63212121%
Paramus, NJ26,61217575%
Clinton, IA26,61186-14%
Tualatin, OR26,60412727%
Middle River, MD26,65298-2%
Greer, SC26,62697-3%
Source: The Greer, SC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.