Lancaster 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.
IndexLancasterSouth CarolinaNational
Cost of living index8895100
IndexLancasterSouth CarolinaNational
Goods & Services index97101100
Groceries index100109100
Health care index101100100
Housing index6080100
Transportation index10093100
Utilities index110104100
A general overview of the cost of living index for Lancaster, SC is displayed above. In Lancaster, SC, the overall cost of living index is 88, which is 7% lower than the South Carolina average and 12% 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 Lancaster, SC, the city's goods and services are 3% lower than the South Carolina average and 3% lower than the U.S. average.

Did you know?

  • The cost of living in Lancaster is 7% lower than the South Carolina average.
  • The cost of living in Lancaster is 12% lower than the national average.
  • The cost of housing in Lancaster is 40% 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 Lancaster, 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 Lancaster, SC, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Lancaster, 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$43,923$3,660$1,025$1,318
Renters$18,842$1,570$440$565
One can approximate the cost of living and the housing affordability in Lancaster, SC by the percentage of a person’s income that he or she spends on the monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side and keep one’s head above the water, a consumer should never spend more than 28 percent of his or her gross income on housing-related expenses and costs and not more than 36 percent of income on all expenses and debts. Homeowners in Lancaster, SC have a median income of $43,923. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,025 per month to avoid calamity and poverty. The renters in the city have an income of about $18,842, which would make their monthly maximum allowable rental costs $440.

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%
For those who live in Lancaster, SC and want to know what the true cost of living is, they ought to look at both the South Carolina income tax rate and the South Carolina sales tax rate. By sales tax, we mean the taxes that are included whenever a person is purchasing any goods or services. The amount that is taxed depends upon the particular state, where some states have a sales tax of zero percent while others can have a tax higher than seven percent. In South Carolina, the sales tax is 6%, while the most you'll pay in surtax is 9%. There is also income tax to consider, which is based upon the amount of money made in a year. Just like sales tax, income tax depends upon the particular state but also depends upon what tax bracket the person is in. Income tax for the state can be higher than nine percent in some states to zero percent in others. For those that live in South Carolina, the income tax rate ranges between 0% to 7%.

Goods & Services

ItemLancasterNational avg.Difference
Haircut $12.40$14.5915.0%
Beauty Salon $36.40$34.685.0%
Toothpaste $2.52$2.471.9%
Shampoo $1.08$1.025.7%
Movie $10.39$9.875.3%
Bowling $5.97$4.3935.9%

Groceries

ItemLancasterNational avg.Difference
Ground Beef $4.51$4.480.7%
Fried Chicken $1.59$1.468.6%
Milk $2.59$2.369.9%
Potatoes $3.37$3.0610.1%
Pizza $8.49$9.248.1%
Beer $8.34$8.633.4%

Health Care

ItemLancasterNational avg.Difference
Optometrist $119.20$99.7819.5%
Doctor $95.20$105.039.4%
Dentist $91.20$88.702.8%
Ibuprofen $9.12$9.413.1%
Lipitor $322.28$298.508.0%

Housing

ItemLancasterNational avg.Difference
Home Price $98,200.00$175,700.0044.1%
Avg. Mortgage Payment $879.18$1,081.0318.7%
Apartment Rent $641.00$920.0030.3%

Transportation

ItemLancasterNational avg.Difference
Gasoline $2.19$2.094.9%
Tire Balancing $39.18$45.2913.5%

Utilities

ItemLancasterNational avg.Difference
All Electricity$170.61$170.800.1%
Phone $35.01$28.2623.9%
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.
Great Falls, SC1,62783-17%
Richburg, SC34385-15%
Heath Springs, SC87386-14%
Fort Lawn, SC81886-14%
Irwin, SC1,35486-14%
Lancaster, SC8,80188-12%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Madeira, OH8,8011033%
Delta, CO8,80195-5%
Lapeer, MI8,80184-16%
Frostburg, MD8,80298-2%
Highland Park, TX8,796214114%
Lancaster, SC8,80188-12%
Source: The Lancaster, SC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.