Parker 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.
IndexParkerSouth CarolinaNational
Cost of living index8597100
IndexParkerSouth CarolinaNational
Goods & Services index101105100
Groceries index99105100
Health care index104101100
Housing index5180100
Transportation index9396100
Utilities index100107100
A general overview of the cost of living index for Parker, SC is displayed above. In Parker, SC, the overall cost of living index is 85, which is 12% lower than the South Carolina average and 15% 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 Parker, SC, the city's goods and services are 4% lower than the South Carolina average and 1% higher than the U.S. average.

Did you know?

  • The cost of living in Parker is 12% lower than the South Carolina average.
  • The cost of living in Parker is 15% lower than the national average.
  • The cost of housing in Parker is 49% 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 allows you to compare how much your current salary in Parker, SC would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Parker, SC, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Parker, SC salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$33,443$2,787$780$1,003
Renters$21,461$1,788$501$644
How much of your monthly income goes to housing can tell you whether or not you can afford housing in Parker, SC, as well as what the average cost of living is. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payment and not more than 36 percent of income on all expenses and debts. In Parker, SC homeowners have a median income of $33,443. Using that number, you will come up with a maximum of $780 per month that can be spent on the cost of housing. For those who are renting instead of owning, the median income is $21,461, which means there is a maximum of $501 to be spent on the costs of renting a home or apartment.

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 Parker, 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

ItemParkerNational 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

ItemParkerNational 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

ItemParkerNational 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

ItemParkerNational avg.Difference
Home Price $67,400.00$175,700.0061.6%
Avg. Mortgage Payment $813.65$1,133.2328.2%
Apartment Rent $744.00$920.0019.1%

Transportation

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

Utilities

ItemParkerNational 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.
Tigerville, SC1,83999-1%
City View, SC1,46781-19%
Judson, SC2,02882-18%
West Pelzer, SC84486-14%
Slater-Marietta, SC2,41486-14%
Parker, SC11,98785-15%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Travilah, MD11,989237137%
Hasbrouck Heights, NJ11,98913939%
Wilton Manors, FL11,99411111%
Jensen Beach, FL12,0001011%
Summerfield, MD11,97011414%
Parker, SC11,98785-15%
Source: The Parker, SC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.