Port Royal 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.
IndexPort RoyalSouth CarolinaNational
Cost of living index10695100
IndexPort RoyalSouth CarolinaNational
Goods & Services index102101100
Groceries index116109100
Health care index98100100
Housing index11080100
Transportation index9493100
Utilities index107104100
Displayed above is a general overview of the Port Royal, SC cost of living index. The overall cost of living index in Port Royal, SC is 106, which is 11% higher than the South Carolina average and 6% higher than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Port Royal, SC are 1% higher than the South Carolina average and 2% higher than the national average.

Did you know?

  • The cost of living in Port Royal is 11% higher than the South Carolina average.
  • The cost of living in Port Royal is 6% higher than the national average.
  • The cost of housing in Port Royal is 10% higher 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 Port Royal, SC Cost of living To Other Cities

Salary Calculator

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Using the salary calculator lets you compare the salary you earn in Port Royal, 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 Port Royal, SC, you have to earn a higher income in order to still have the same standard of living. To operate the Port Royal, 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$64,427$5,369$1,503$1,933
Renters$40,756$3,396$951$1,223
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Port Royal, SC, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Port Royal, SC has a median income of about $64,427 for people who own homes. Based on that number, a person should spend a maximum of $1,503 on expenses related to housing. Renters have a slightly different median income, which is $40,756. Based on this average, renters should spend no more than $951 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 Port Royal, 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

ItemPort RoyalNational avg.Difference
Haircut $14.44$14.591.1%
Beauty Salon $43.28$34.6824.8%
Toothpaste $3.06$2.4723.7%
Shampoo $1.12$1.029.6%
Movie $10.30$9.874.4%
Bowling $3.82$4.3913.0%

Groceries

ItemPort RoyalNational avg.Difference
Ground Beef $4.89$4.489.2%
Fried Chicken $1.56$1.466.6%
Milk $2.69$2.3614.1%
Potatoes $3.82$3.0624.8%
Pizza $9.31$9.240.7%
Beer $8.42$8.632.5%

Health Care

ItemPort RoyalNational avg.Difference
Optometrist $105.88$99.786.1%
Doctor $96.28$105.038.3%
Dentist $93.43$88.705.3%
Ibuprofen $10.18$9.418.2%
Lipitor $268.02$298.5010.2%

Housing

ItemPort RoyalNational avg.Difference
Home Price $194,300.00$175,700.0010.6%
Avg. Mortgage Payment $934.01$1,081.0313.6%
Apartment Rent $996.00$920.008.3%

Transportation

ItemPort RoyalNational avg.Difference
Gasoline $1.98$2.095.4%
Tire Balancing $41.84$45.297.6%

Utilities

ItemPort RoyalNational avg.Difference
All Electricity$184.24$170.807.9%
Phone $29.95$28.266.0%
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.
Burton, SC6,17395-5%
Laurel Bay, SC6,40499-1%
Shell Point, SC2,3841044%
Beaufort, SC12,7021099%
Bluffton, SC13,97911010%
Port Royal, SC11,2641066%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Yorktown, IN11,26589-11%
Annapolis Neck, MD11,26614848%
Rosaryville, MD11,26812727%
Lowes Island, VA11,25915353%
Lake Arrowhead, CA11,25512323%
Port Royal, SC11,2641066%
Source: The Port Royal, SC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.