Travelers Rest 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.
IndexTravelers RestSouth CarolinaNational
Cost of living index9895100
IndexTravelers RestSouth CarolinaNational
Goods & Services index106101100
Groceries index110109100
Health care index105100100
Housing index8480100
Transportation index9693100
Utilities index98104100
Displayed above is a general overview of the Travelers Rest, SC cost of living index. The overall cost of living index in Travelers Rest, SC is 98, which is 3% higher than the South Carolina average and 2% lower 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 Travelers Rest, SC are 5% higher than the South Carolina average and 6% higher than the national average.

Did you know?

  • The cost of living in Travelers Rest is 3% higher than the South Carolina average.
  • The cost of living in Travelers Rest is 2% lower than the national average.
  • The cost of housing in Travelers Rest is 16% 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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Salary Calculator

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Cost of living index
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Groceries index
Health care index
Housing index
Transportation index
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The salary calculator allows you to compare how much your current salary in Travelers Rest, SC would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Travelers Rest, SC, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Travelers Rest, SC salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$63,785$5,315$1,488$1,914
Renters$28,138$2,345$657$844
If you want to find a good determining factor for the cost of living and the general affordability of housing in Travelers Rest, SC, all you must look at is the percentage of monthly income that should be spent on housing expenses, otherwise known as the debt-to-income ratio (DTI). Generally speaking, no more than 28 percent of your total gross income should be spent on your housing expenses and not more than 36 percent of your gross income on total expenses, including debts. In Travelers Rest, SC, the median monthly income is $63,785 for those who own their own homes. Under the standard rule, that income level would allow for $1,488 to be budgeted for housing expenses each month, at the most. Renters, on the other hand, earn about $28,138, per the median income in the area. That would allow for renters to spend up to $657 on monthly rental expenses.

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 Travelers Rest, 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

ItemTravelers RestNational avg.Difference
Haircut $16.20$14.5911.0%
Beauty Salon $43.89$34.6826.6%
Toothpaste $3.19$2.4729.0%
Shampoo $1.03$1.020.8%
Movie $10.50$9.876.4%
Bowling $3.89$4.3911.4%

Groceries

ItemTravelers RestNational avg.Difference
Ground Beef $4.93$4.4810.1%
Fried Chicken $1.56$1.466.6%
Milk $2.63$2.3611.6%
Potatoes $3.18$3.063.9%
Pizza $9.59$9.243.8%
Beer $9.35$8.638.3%

Health Care

ItemTravelers RestNational avg.Difference
Optometrist $108.40$99.788.6%
Doctor $104.00$105.031.0%
Dentist $94.20$88.706.2%
Ibuprofen $10.74$9.4114.1%
Lipitor $311.55$298.504.4%

Housing

ItemTravelers RestNational avg.Difference
Home Price $152,800.00$175,700.0013.0%
Avg. Mortgage Payment $838.34$1,081.0322.4%
Apartment Rent $700.00$920.0023.9%

Transportation

ItemTravelers RestNational avg.Difference
Gasoline $1.90$2.099.3%
Tire Balancing $49.31$45.298.9%

Utilities

ItemTravelers RestNational avg.Difference
All Electricity$148.43$170.8013.1%
Phone $31.84$28.2612.7%
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.
Tigerville, SC1,8391044%
City View, SC1,46784-16%
Judson, SC2,02885-15%
Parker, SC11,98788-12%
Slater-Marietta, SC2,41489-11%
Travelers Rest, SC4,76898-2%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Evansdale, IA4,76887-13%
Eagleville CDP (Montgomery County), PA4,76812525%
Sansom Park, TX4,76989-11%
Tara Hills, CA4,76712929%
Grandyle Village, NY4,76690-10%
Travelers Rest, SC4,76898-2%
Source: The Travelers Rest, SC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.