Valley Falls 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.
IndexValley FallsSouth CarolinaNational
Cost of living index9595100
IndexValley FallsSouth CarolinaNational
Goods & Services index106101100
Groceries index110109100
Health care index105100100
Housing index7380100
Transportation index9693100
Utilities index98104100
Here we can see a simple outline of the cost of living in Valley Falls, SC. As you can see, with the average cost of living in Valley Falls, SC being 95, that puts it 1% lower than the average of South Carolina and 5% lower than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Valley Falls, SC, the price of goods and services are 5% higher than the average of South Carolina as well as 6% higher than the nation's average.

Did you know?

  • The cost of living in Valley Falls is 1% lower than the South Carolina average.
  • The cost of living in Valley Falls is 5% lower than the national average.
  • The cost of housing in Valley Falls is 27% 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 Valley Falls, SC Cost of living To Other Cities

Salary Calculator

This is how much you would need to earn in
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Health care index
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Transportation index
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Using the salary calculator lets you compare the salary you earn in Valley Falls, 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 Valley Falls, SC, you have to earn a higher income in order to still have the same standard of living. To operate the Valley Falls, 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$52,663$4,389$1,229$1,580
Renters$20,242$1,687$472$607
The affordability of the housing market in Valley Falls, 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 Valley Falls, SC homeowners, the median income is $52,663. This indicates that a monthly maximum of $1,229 should be spent by homeowners on all housing related costs. Renters have a median income of $20,242. 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 Valley Falls, 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

ItemValley FallsNational 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

ItemValley FallsNational 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

ItemValley FallsNational 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

ItemValley FallsNational avg.Difference
Home Price $125,200.00$175,700.0028.7%
Avg. Mortgage Payment $838.34$1,081.0322.4%
Apartment Rent $696.00$920.0024.3%

Transportation

ItemValley FallsNational avg.Difference
Gasoline $1.90$2.099.3%
Tire Balancing $49.31$45.298.9%

Utilities

ItemValley FallsNational 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.
Gramling, SC01044%
Fingerville, SC361044%
Clifton, SC32578-22%
Southern Shops, SC4,39483-17%
Fairforest, SC1,72885-15%
Valley Falls, SC5,88695-5%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Ramtown, NJ5,88613131%
Carolina Beach, NC5,88811313%
Dahlonega, GA5,88411919%
Kingston, TN5,88885-15%
Sidney, MT5,88897-3%
Valley Falls, SC5,88695-5%
Source: The Valley Falls, SC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.