Wade Hampton 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.
IndexWade HamptonSouth CarolinaNational
Cost of living index9797100
IndexWade HamptonSouth CarolinaNational
Goods & Services index101105100
Groceries index99105100
Health care index104101100
Housing index9080100
Transportation index9396100
Utilities index100107100
Here we can see a simple outline of the cost of living in Wade Hampton, SC. As you can see, with the average cost of living in Wade Hampton, SC being 97, that puts it equal to the average of South Carolina and 3% 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 Wade Hampton, SC, the price of goods and services are 4% lower than the average of South Carolina as well as 1% higher than the nation's average.

Did you know?

  • The cost of living in Wade Hampton is equal to the South Carolina average.
  • The cost of living in Wade Hampton is 3% lower than the national average.
  • The cost of housing in Wade Hampton is 10% 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 Wade Hampton

Location
Price
Bedrooms
Bathrooms
 

New Real Estate Listings In Wade Hampton

Compare Wade Hampton, 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
Using the salary calculator lets you compare the salary you earn in Wade Hampton, 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 Wade Hampton, SC, you have to earn a higher income in order to still have the same standard of living. To operate the Wade Hampton, 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$62,352$5,196$1,455$1,871
Renters$28,054$2,338$655$842
A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Wade Hampton, SC, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Wade Hampton, SC has a median income of about $62,352 for people who own homes. Based on that number, a person should spend a maximum of $1,455 on expenses related to housing. Renters have a slightly different median income, which is $28,054. Based on this average, renters should spend no more than $655 on all of their rental costs if they want to maintain a non-impoverished standard of living.

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 you are determining the total cost of living in Wade Hampton, SC you will want to make sure you consider both the South Carolina sales tax and the South Carolina income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in South Carolina is 6%, with the highest surtax being 9%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in South Carolina have a range from 0% to 7%.

Goods & Services

ItemWade HamptonNational 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

ItemWade HamptonNational 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

ItemWade HamptonNational 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

ItemWade HamptonNational avg.Difference
Home Price $169,000.00$175,700.003.8%
Avg. Mortgage Payment $813.65$1,133.2328.2%
Apartment Rent $705.00$920.0023.4%

Transportation

ItemWade HamptonNational avg.Difference
Gasoline $1.75$1.9912.0%
Tire Balancing $47.70$45.764.2%

Utilities

ItemWade HamptonNational 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%
Tigerville, SC1,83999-1%
City View, SC1,46781-19%
Judson, SC2,02882-18%
Startex, SC1,10084-16%
Wade Hampton, SC19,58697-3%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Midlothian, TX19,5901022%
Hazel Dell, WA19,59011212%
Raymore, MO19,576100-0%
Tukwila, WA19,57313131%
Camp Springs, MD19,60012323%
Wade Hampton, SC19,58697-3%
Source: The Wade Hampton, SC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.