Woodruff, SC Cost Of Living

Woodruff 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.
Index	Woodruff	South Carolina	National
Cost of living index	87	97	100
Index	Woodruff	South Carolina	National
Goods & Services index	103	106	100
Groceries index	99	103	100
Health care index	106	101	100
Housing index	52	80	100
Transportation index	92	92	100
Utilities index	107	111	100

Here we can see a simple outline of the cost of living in Woodruff, SC. As you can see, with the average cost of living in Woodruff, SC being 87, that puts it 10% lower than the average of South Carolina and 13% 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 Woodruff, SC, the price of goods and services are 2% lower than the average of South Carolina as well as 3% higher than the nation's average.

Did you know?

The cost of living in Woodruff is 10% lower than the South Carolina average.
The cost of living in Woodruff is 13% lower than the national average.
The cost of housing in Woodruff is 48% 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 Woodruff, SC Cost of living To Other Cities

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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

Using the salary calculator lets you compare the salary you earn in Woodruff, 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 Woodruff, SC, you have to earn a higher income in order to still have the same standard of living. To operate the Woodruff, 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 Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$46,213	$3,851	$1,078	$1,387
Renters	$24,528	$2,044	$572	$736

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Woodruff, 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 Woodruff, SC homeowners, is $46,213. This would allow for a maximum of $1,078 per month to be spent on housing costs. For renters, the median monthly income is $24,528 which would result in a maximum of $572 to be spent on rental 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%

One thing to keep in mind when considering the cost of living in Woodruff, SC is the South Carolina sales tax and South Carolina income tax rates. Sales taxes are taxes that are collected on most goods or services sold. Sales taxes can vary by state and can be as high as 7% and as low as 0% as not every state imposes a sales tax. The South Carolina sales tax rate is 6% and the maximum surtax that can be charged is 9%. Income tax is the tax imposed on income by both the federal and state government. The income tax rates varies by individual state and will also be higher or lower depending on the applicable tax bracket. The rates of state income tax can vary from 0% to more than 9%. The South Carolina income tax rates range from 0% to 7%.

Goods & Services

Item	Woodruff	National avg.	Difference
Haircut	$17.67	$16.09	9.8%
Beauty Salon	$47.43	$37.33	27.1%
Toothpaste	$2.14	$2.45	12.7%
Shampoo	$0.96	$1.00	4.4%
Movie	$11.67	$10.28	13.6%
Bowling	$4.13	$4.93	16.3%

Groceries

Item	Woodruff	National avg.	Difference
Ground Beef	$3.92	$3.80	3.2%
Fried Chicken	$1.32	$1.40	5.7%
Milk	$2.18	$2.01	8.7%
Potatoes	$3.56	$3.01	18.4%
Pizza	$10.12	$9.89	2.4%
Beer	$8.51	$8.90	4.3%

Health Care

Item	Woodruff	National avg.	Difference
Optometrist	$97.69	$102.16	4.4%
Doctor	$106.36	$108.36	1.8%
Dentist	$108.99	$92.53	17.8%
Ibuprofen	$9.26	$9.28	0.2%
Lipitor	$433.94	$425.82	1.9%

Housing

Item	Woodruff	National avg.	Difference
Home Price	$81,700.00	$184,700.00	55.8%
Avg. Mortgage Payment	$846.11	$1,202.44	29.6%
Apartment Rent	$650.00	$949.00	31.5%

Transportation

Item	Woodruff	National avg.	Difference
Gasoline	$1.99	$2.24	11.2%
Tire Balancing	$45.99	$46.29	0.7%

Utilities

Item	Woodruff	National avg.	Difference
All Electricity	$144.94	$165.96	12.7%
Phone	$37.34	$28.68	30.2%

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, State	Population	Cost of Living Index	National Avg.
Cross Anchor, SC	228	102	2%
Fairforest, SC	1,956	83	-17%
Glendale, SC	161	83	-17%
Startex, SC	1,362	84	-16%
Gray Court, SC	716	85	-15%
Woodruff, SC	4,127	87	-13%

Cities with similar population

City, State	Population	Cost of Living Index	National Avg.
Lathrup Village, MI	4,127	100	0%
East Hampton North, NY	4,127	176	76%
Harbison Canyon, CA	4,128	136	36%
Mississippi State, MS	4,124	84	-16%
New Lebanon, OH	4,130	85	-15%
Woodruff, SC	4,127	87	-13%

Source: The Woodruff, SC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.

Woodruff, SC Cost of Living