Cost Of Living in Homeland Park, SC

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17%

Overall NAT. AVG.

2%

Goods & Services NAT. AVG.

52%

Housing NAT. AVG.

Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.

The cost of living index is based on a national average of 100. For example, if the cost of living is 90, then it is 10% lower than average. If the cost of living is 110, then it is 10% higher than average. The breakdown for each index is as follows: goods & services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). If the cost of living data was unavailable for this city, estimates based upon nearby cities were used.
Index	Homeland Park	South Carolina	National
Cost of living	83	93	100
Goods & Services	102	100	100
Groceries	98	99	100
Health care	100	94	100
Housing	48	80	100
Transportation	90	91	100
Utilities	92	107	100

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Cost Of Living Quick Facts

The cost of living in Homeland Park is 11% lower than the South Carolina average
The cost of living in Homeland Park is 17% lower than the national average
Homeland Park housing is 52% 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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Price difference in compared to

Cost of living index
Goods & Services index
Groceries index
Health care index
Housing index
Transportation index
Utilities index

Median Income & Debt-To-Income Ratio

Median Income	Per Year	Per Month	Max Budget (28% DTI)	Max Budget (36% DTI)
Owners	$39,185	$3,265	$914	$1,176
Renters	$25,990	$2,166	$606	$780

The affordability of the housing market in Homeland Park, SC as well as the overall cost of living can be predicted 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 be spent on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Homeland Park homeowners, the median income is $39,185. This indicates that a monthly maximum of $914 should be spent by homeowners on all housing related costs. Renters have a median income of $25,990. This indicates that renters would have a maximum of $606 for their rent related monthly 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%	6.5%

Goods & Services

Item	Homeland Park	National avg.	Difference
Haircut	$25.74	$24.26	6.1%
Beauty Salon	$51.07	$45.56	12.1%
Toothpaste	$3.61	$3.70	2.4%
Shampoo	$1.37	$1.28	7.2%
Movie	$14.47	$12.13	19.3%
Bowling	$18.39	$18.00	2.2%

Groceries

Item	Homeland Park	National avg.	Difference
Ground Beef	$6.24	$5.84	6.8%
Fried Chicken	$1.50	$1.57	4.6%
Milk	$4.56	$4.67	2.4%
Potatoes	$5.31	$4.93	7.6%
Pizza	$11.78	$12.09	2.5%
Beer	$10.45	$10.41	0.4%

Health Care

Item	Homeland Park	National avg.	Difference
Optometrist	$120.21	$125.68	4.4%
Doctor	$123.75	$135.78	8.9%
Dentist	$114.80	$113.29	1.3%
Ibuprofen	$10.43	$10.65	2.1%
Lipitor	$534.74	$468.60	14.1%

Housing

Item	Homeland Park	National avg.	Difference
Home Price	$68,600.00	$184,700.00	62.9%
Avg. Mortgage Payment	$1,581.44	$2,346.69	32.6%
Apartment Rent	$710.00	$949.00	25.2%

Transportation

Item	Homeland Park	National avg.	Difference
Gasoline	$3.07	$3.46	11.2%
Tire Balancing	$56.50	$59.92	5.7%

Utilities

Item	Homeland Park	National avg.	Difference
All Electricity	$170.53	$193.99	12.1%
Phone	$189.75	$192.25	1.3%

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	Population	Cost of Living Index	National Avg.
Antreville, SC	203	98	1.9%
Iva, SC	1,177	83	17.2%
Belton, SC	4,436	87	13.4%
West Pelzer, SC	1,049	87	12.9%
Pelzer, SC	1,653	88	11.5%
Homeland Park, SC	6,570	83	16.8%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Barrington, NS	6,568	n/a
Guadalupe, AZ	6,572	90	10.4%
Bondurant, IA	6,567	100	0.3%
Rossford, OH	6,567	94	6.2%
Geneseo, IL	6,566	92	8.3%
Homeland Park, SC	6,570	83	16.8%