A+
2%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
2%
Housing NAT. AVG.
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Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.
The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index Taylors South Carolina National
Cost of living9893100
Goods & Services102100100
Groceries9899100
Health care10094100
Housing9880100
Transportation9091100
Utilities92107100

An Overview of Cost of Living in Taylors, SC

Getting a feel for the cost of living in Taylors is essential for anyone planning to relocate, as it empowers them to make informed financial decisions, secure a comfortable lifestyle and maintain financial stability in their new environment. The cost of living in Taylors is 98, which is 2% lower than the national average. Relocating individuals may need to adjust their savings and investment strategies based on the cost of living in the new location. It influences decisions about retirement planning, investments and financial goals.

Everyday expenditures like food, housing, goods and services, transportation and health care in Taylors are priced in a manner consistent with other areas. This means that residents of Taylors can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.

Is Taylors Affordable?

Is Taylors an affordable place to live? It's a good question and one that you might want to ask when considering any new city, as affordability can play a huge role in the decision making process. The cost of living index (which we covered above), as well as housing costs and income levels play a vital role in determining the affordability of an area. The median home price in Taylors is 4.2% lower than the national average, while the average monthly rent prices are 2.7% higher than average. The affordability of any location can also be influenced by median income levels. Taylors has a median household income of $62,365, which is 12.7% higher than the national average.

What Factors can Influence the Cost of Living in Taylors?

Groceries: Grocery costs have continued to increase significantly over the last 2-3 years. In some markets the cost of food has gone up by more than 20% in that period. While other markets have managed to see only a moderate uptick. These food costs can have a major impact on the cost of living in any area. In Taylors, the groceries index is 1.7% lower than the national average.

Subsidies: Some areas might offer government subsidies or assistance programs that help lower cost of living for residents. These programs can include anything from Medicare, Medicaid, housing subsidies, low-income home energy assistance programs, school lunch programs, supplemental nutrition assistance programs, student loans, electric vehicle tax credits, affordable care act subsidies and crop subsidies. Areas that offer less subsidies, could see an increase in their cost of living.

Transportation: In situations where public transportation is limited or nonexistent, local residents may be required to own and maintain their own vehicles, contributing to an elevated cost of living. Monthly expenditures may encompass fuel costs, insurance premiums, routine vehicle upkeep and possibly lease or financing payments. In Taylors, the transportation index is 9.7% lower than the national average.

Where is the Data From?

The Taylors cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Taylors is 5% higher than the South Carolina average
  • The cost of living in Taylors is 2% lower than the national average
  • Taylors housing is 2% 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

Most Affordable Places to Live in and Around Taylors

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Compare Taylors, SC Cost of Living

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      Salary Calculator

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      Price difference in compared to
      Cost of living index
      Goods & Services index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$71,808$5,984$1,675$2,154
      Renters$37,750$3,146$881$1,133
      The affordability of the housing market in Taylors, SC as well as the overall cost of living can be predicted 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 be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Taylors homeowners, the median income is $71,808. This indicates that a monthly maximum of $1,675 should be spent by homeowners on all housing related costs. Renters have a median income of $37,750. This indicates that renters would have a maximum of $881 for their rent related monthly costs.

      South Carolina Sales Tax

      State General Sales Tax With Max Surtax
      South Carolina 6% 9%

      South Carolina Income Tax

      State Income Tax (Low) Income Tax (High)
      South Carolina 0% 7%

      Goods & Services

      Item Taylors National avg. Difference
      Haircut $25.74$24.266.1%
      Beauty Salon $51.07$45.5612.1%
      Toothpaste $3.61$3.702.4%
      Shampoo $1.37$1.287.2%
      Movie $14.47$12.1319.3%
      Bowling $18.39$18.002.2%

      Groceries

      Item Taylors National avg. Difference
      Ground Beef $6.24$5.846.8%
      Fried Chicken $1.50$1.574.6%
      Milk $4.56$4.672.4%
      Potatoes $5.31$4.937.6%
      Pizza $11.78$12.092.5%
      Beer $10.45$10.410.4%

      Health Care

      Item Taylors National avg. Difference
      Optometrist $120.21$125.684.4%
      Doctor $123.75$135.788.9%
      Dentist $114.80$113.291.3%
      Ibuprofen $10.43$10.652.1%
      Lipitor $534.74$468.6014.1%

      Housing

      Item Taylors National avg. Difference
      Home Price $176,900.00$184,700.004.2%
      Avg. Mortgage Payment $1,581.44$2,346.6932.6%
      Apartment Rent $975.00$949.002.7%

      Transportation

      Item Taylors National avg. Difference
      Gasoline $3.07$3.4611.2%
      Tire Balancing $56.50$59.925.7%

      Utilities

      Item Taylors National avg. Difference
      All Electricity $170.53$193.9912.1%
      Phone $189.75$192.251.3%
      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 Population Cost of Living Index National Avg.
      Gramling, SC97963.7%
      Tigerville, SC2,023981.9%
      Startex, SC5568020.2%
      Slater-Marietta, SC2,0988316.6%
      Judson, SC1,4128514.8%
      Taylors, SC23,107982.0%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Farragut, TN23,11011817.9%
      Chalmette, LA23,111955.4%
      The Crossings, FL23,10212524.8%
      Union Hill-Novelty Hill, WA23,114203102.6%
      Owen Sound, ON23,125n/a 
      Taylors, SC23,107982.0%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.