Powdersville 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.
IndexPowdersvilleSouth CarolinaNational
Cost of living index9897100
IndexPowdersvilleSouth CarolinaNational
Goods & Services index101105100
Groceries index99105100
Health care index104101100
Housing index9580100
Transportation index9396100
Utilities index100107100
A general summary of the cost of living index in Powdersville, SC is shown above. Compared to the state average of South Carolina the cost of living index in Powdersville, SC is 98, which is 1% higher than the average in South Carolina and compared to the national average it is 2% 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 Powdersville, SC goods and services come in at 4% lower than the average in South Carolina and are 1% higher than compared to the nationwide average.

Did you know?

  • The cost of living in Powdersville is 1% higher than the South Carolina average.
  • The cost of living in Powdersville is 2% lower than the national average.
  • The cost of housing in Powdersville is 5% 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 Powdersville, 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 Powdersville, 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 Powdersville, SC, you have to earn a higher income in order to still have the same standard of living. To operate the Powdersville, 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$55,461$4,622$1,294$1,664
Renters$40,134$3,345$936$1,204
The affordability of the housing market in Powdersville, 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 Powdersville, SC homeowners, the median income is $55,461. This indicates that a monthly maximum of $1,294 should be spent by homeowners on all housing related costs. Renters have a median income of $40,134. This indicates that renters should have a maximum of $936 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%
The South Carolina sales tax and South Carolina income tax rates should definitely be considered when determining the overall cost of living in Powdersville, SC. Sales taxes are taxes that are imposed onto goods and services sold. Sales taxes do vary by state and can range from no tax at all to upwards of 7%. The South Carolina sales tax is 6% and the maximum surtax is 9%. Income tax is the tax imposed on income by the government. The income tax rates will vary by state and will also increase or decrease depending on the corresponding tax bracket. State income tax rates can range from anywhere from no tax at all to more than 9%. The South Carolina income tax rates range from 0% to 7%.

Goods & Services

ItemPowdersvilleNational 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

ItemPowdersvilleNational 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

ItemPowdersvilleNational 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

ItemPowdersvilleNational avg.Difference
Home Price $180,700.00$175,700.002.8%
Avg. Mortgage Payment $813.65$1,133.2328.2%
Apartment Rent $704.00$920.0023.5%

Transportation

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

Utilities

ItemPowdersvilleNational 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.
City View, SC1,46781-19%
Judson, SC2,02882-18%
West Pelzer, SC84486-14%
Parker, SC11,98785-15%
Liberty, SC3,26286-14%
Powdersville, SC7,51398-2%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Sandwich, IL7,51398-2%
Carl Junction, MO7,51189-11%
Inverness, IL7,51616161%
North Amherst, MA7,51712828%
Donaldsonville, LA7,50789-11%
Powdersville, SC7,51398-2%
Source: The Powdersville, SC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.