Southern Shops 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.
IndexSouthern ShopsSouth CarolinaNational
Cost of living index8097100
IndexSouthern ShopsSouth CarolinaNational
Goods & Services index101105100
Groceries index99105100
Health care index104101100
Housing index3680100
Transportation index9396100
Utilities index100107100
The above illustration supplies generalized information for the Southern Shops, SC cost of living index. Compared to other cities in South Carolina and cities across the country, the cost of living index in Southern Shops, SC is 80, which is 17% lower than the South Carolina average and 20% lower than that for the entire country. The index is comprised of the following criteria: cost of retail goods and services (33%), groceries (13%), health care (5%), housing (30%), cost of public/private transportation (9%) and utilities (10%). Everyday goods and services, along with housing account for 63 percent of the total cost of living index. Goods and services that are a necessity regardless of location provide an accurate general sense of the cost of living in one city versus another. As seen above, the cost of retail goods and services in Southern Shops, SC are 4% lower than the average for South Carolina and 1% higher than the rest of the country.

Did you know?

  • The cost of living in Southern Shops is 17% lower than the South Carolina average.
  • The cost of living in Southern Shops is 20% lower than the national average.
  • The cost of housing in Southern Shops is 64% 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 Southern Shops, SC Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Southern Shops, SC to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Southern Shops, SC, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Southern Shops, SC salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$38,646$3,221$902$1,159
Renters$20,221$1,685$472$607
The affordability of the housing market in Southern Shops, 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 Southern Shops, SC homeowners, the median income is $38,646. This indicates that a monthly maximum of $902 should be spent by homeowners on all housing related costs. Renters have a median income of $20,221. This indicates that renters should have a maximum of $472 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%
When assessing the complete cost of living in Southern Shops, 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

ItemSouthern ShopsNational 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

ItemSouthern ShopsNational 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

ItemSouthern ShopsNational 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

ItemSouthern ShopsNational avg.Difference
Home Price $39,500.00$175,700.0077.5%
Avg. Mortgage Payment $813.65$1,133.2328.2%
Apartment Rent $610.00$920.0033.7%

Transportation

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

Utilities

ItemSouthern ShopsNational 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.
Gramling, SC099-1%
Fingerville, SC3699-1%
Clifton, SC32575-25%
Fairforest, SC1,72882-18%
Saxon, SC3,60382-18%
Southern Shops, SC4,39480-20%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Monte Vista, CO4,39486-14%
Dimmitt, TX4,39477-23%
Rumford, ME4,39590-10%
Osage Beach, MO4,39599-1%
Lyons, GA4,39579-21%
Southern Shops, SC4,39480-20%
Source: The Southern Shops, SC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.