Seven Oaks 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.
IndexSeven OaksSouth CarolinaNational
Cost of living index9897100
IndexSeven OaksSouth CarolinaNational
Goods & Services index111105100
Groceries index98105100
Health care index93101100
Housing index8280100
Transportation index9896100
Utilities index106107100
A general overview of the cost of living index for Seven Oaks, SC is displayed above. In Seven Oaks, SC, the overall cost of living index is 98, which is 1% higher than the South Carolina average and 2% 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 Seven Oaks, SC, the city's goods and services are 5% higher than the South Carolina average and 11% higher than the U.S. average.

Did you know?

  • The cost of living in Seven Oaks is 1% higher than the South Carolina average.
  • The cost of living in Seven Oaks is 2% lower than the national average.
  • The cost of housing in Seven Oaks is 18% 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.

Find Real Estate Listings In Seven Oaks

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Seven Oaks

Compare Seven Oaks, SC Cost of living To Other Cities

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
Use the salary calculator to compare your current salary in Seven Oaks, SC to any other city. The salary calculator will tell you how much you would need to earn in any given city to maintain the same standard of living based on the cost of living in each city. For example, if the cost of living in the city you are looking to relocate to is higher than the cost of living in Seven Oaks, SC, then you would need to earn more income in order to maintain the same standard of living. To use the Seven Oaks, SC salary calculator, simply enter in the name of the new city, then adjust the slider to your current income. The salary calculator will do the rest and let you know if you need to earn more or less in the new city. You will also see a complete breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$67,889$5,657$1,584$2,037
Renters$35,944$2,995$839$1,078
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Seven Oaks, SC as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Seven Oaks, SC homeowners, is $67,889. This would allow for a maximum of $1,584 per month to be spent on housing costs. For renters, the median monthly income is $35,944 which would result in a maximum of $839 to be spent on rental 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 assessing the complete cost of living in Seven Oaks, SC, the South Carolina income tax and the South Carolina sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The South Carolina maximum surtax is 9%, and the South Carolina sales tax is 6%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 0% to 7% in South Carolina.

Goods & Services

ItemSeven OaksNational avg.Difference
Haircut $15.85$15.561.8%
Beauty Salon $50.53$36.1139.9%
Toothpaste $2.77$2.4712.2%
Shampoo $0.92$0.965.1%
Movie $11.42$10.1312.8%
Bowling $4.58$4.743.3%

Groceries

ItemSeven OaksNational avg.Difference
Ground Beef $4.14$3.983.8%
Fried Chicken $1.14$1.4119.1%
Milk $1.75$2.0615.3%
Potatoes $3.21$2.987.6%
Pizza $11.81$9.4724.7%
Beer $8.96$8.791.9%

Health Care

ItemSeven OaksNational avg.Difference
Optometrist $103.96$101.042.9%
Doctor $87.34$107.4418.7%
Dentist $95.77$90.425.9%
Ibuprofen $9.30$9.280.2%
Lipitor $333.71$426.5021.8%

Housing

ItemSeven OaksNational avg.Difference
Home Price $139,300.00$175,700.0020.7%
Avg. Mortgage Payment $784.40$1,133.2330.8%
Apartment Rent $803.00$920.0012.7%

Transportation

ItemSeven OaksNational avg.Difference
Gasoline $1.82$1.998.8%
Tire Balancing $51.88$45.7613.4%

Utilities

ItemSeven OaksNational avg.Difference
All Electricity$196.42$163.8119.9%
Phone $24.95$28.3912.1%
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.
Springdale, SC2,21689-11%
St. Andrews, SC21,29893-7%
Woodfield, SC9,48494-6%
Dentsville, SC14,12295-5%
South Congaree, SC2,47595-5%
Seven Oaks, SC15,90698-2%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Pearl River, NY15,90114444%
Groves, TX15,91185-15%
Clayton, MO15,91215151%
Wilkinsburg, PA15,89482-18%
Gibsonton, FL15,89392-8%
Seven Oaks, SC15,90698-2%
Source: The Seven Oaks, SC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.