Welcome 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.
IndexWelcomeSouth CarolinaNational
Cost of living index8697100
IndexWelcomeSouth CarolinaNational
Goods & Services index101105100
Groceries index99105100
Health care index104101100
Housing index5680100
Transportation index9396100
Utilities index100107100
The above illustration supplies generalized information for the Welcome, SC cost of living index. Compared to other cities in South Carolina and cities across the country, the cost of living index in Welcome, SC is 86, which is 11% lower than the South Carolina average and 14% 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 Welcome, 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 Welcome is 11% lower than the South Carolina average.
  • The cost of living in Welcome is 14% lower than the national average.
  • The cost of housing in Welcome is 44% 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 Welcome, 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
The salary calculator is used in order to provide a comparison of your current salary in Welcome, SC to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Welcome, SC, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Welcome, SC salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$33,518$2,793$782$1,006
Renters$23,333$1,944$544$700
The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Welcome, SC as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Welcome, SC homeowners, is $33,518. This would allow for a maximum of $782 per month to be spent on housing costs. For renters, the median monthly income is $23,333 which would result in a maximum of $544 to be spent on rental 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 considering the overall cost of living expenses in Welcome, SC, it's important to take into account the sales tax for South Carolina, as well as the rate for income tax in South Carolina. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for South Carolina is 9%, and the sales tax in the state of South Carolina is 6%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in South Carolina starts from 0% and goes up to 7%.

Goods & Services

ItemWelcomeNational 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

ItemWelcomeNational 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

ItemWelcomeNational 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

ItemWelcomeNational avg.Difference
Home Price $79,500.00$175,700.0054.8%
Avg. Mortgage Payment $813.65$1,133.2328.2%
Apartment Rent $732.00$920.0020.4%

Transportation

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

Utilities

ItemWelcomeNational 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.
City View, SC1,46781-19%
Judson, SC2,02882-18%
West Pelzer, SC84486-14%
Parker, SC11,98785-15%
Slater-Marietta, SC2,41486-14%
Welcome, SC5,97286-14%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Penn Estates, PA5,9721055%
West Loch Estate, HI5,97117676%
New Brighton, PA5,97379-21%
Collinsville, OK5,97093-7%
Countryside, IL5,97411212%
Welcome, SC5,97286-14%
Source: The Welcome, SC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2016.