Cost Of Living in Walterboro, SC

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11%

Overall NAT. AVG.

3%

Goods & Services NAT. AVG.

37%

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	Walterboro	South Carolina	National
Cost of living	89	93	100
Goods & Services	97	100	100
Groceries	102	99	100
Health care	89	94	100
Housing	63	80	100
Transportation	88	91	100
Utilities	121	107	100

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Cost Of Living Quick Facts

The cost of living in Walterboro is 5% lower than the South Carolina average
The cost of living in Walterboro is 11% lower than the national average
Walterboro housing is 37% 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	$44,906	$3,742	$1,048	$1,347
Renters	$21,975	$1,831	$513	$659

The affordability of the housing market in Walterboro, 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 Walterboro homeowners, the median income is $44,906. This indicates that a monthly maximum of $1,048 should be spent by homeowners on all housing related costs. Renters have a median income of $21,975. This indicates that renters would have a maximum of $513 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	Walterboro	National avg.	Difference
Haircut	$26.38	$24.26	8.7%
Beauty Salon	$56.15	$45.56	23.2%
Toothpaste	$3.77	$3.70	1.8%
Shampoo	$1.38	$1.28	7.5%
Movie	$11.30	$12.13	6.8%
Bowling	$19.43	$18.00	8.0%

Groceries

Item	Walterboro	National avg.	Difference
Ground Beef	$6.22	$5.84	6.5%
Fried Chicken	$1.67	$1.57	6.2%
Milk	$4.59	$4.67	1.8%
Potatoes	$5.51	$4.93	11.6%
Pizza	$10.83	$12.09	10.4%
Beer	$10.61	$10.41	1.9%

Health Care

Item	Walterboro	National avg.	Difference
Optometrist	$78.10	$125.68	37.9%
Doctor	$137.50	$135.78	1.3%
Dentist	$97.17	$113.29	14.2%
Ibuprofen	$10.75	$10.65	0.9%
Lipitor	$373.44	$468.60	20.3%

Housing

Item	Walterboro	National avg.	Difference
Home Price	$115,700.00	$184,700.00	37.4%
Avg. Mortgage Payment	$2,134.33	$2,346.69	9.0%
Apartment Rent	$592.00	$949.00	37.6%

Transportation

Item	Walterboro	National avg.	Difference
Gasoline	$3.18	$3.46	8.0%
Tire Balancing	$46.64	$59.92	22.2%

Utilities

Item	Walterboro	National avg.	Difference
All Electricity	$258.50	$193.99	33.3%
Phone	$194.25	$192.25	1.0%

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.
Williams, SC	194	82	17.7%
Jacksonboro, SC	200	84	16.4%
Yemassee, SC	870	85	14.9%
Smoaks, SC	95	89	10.9%
Cottageville, SC	1,090	90	9.8%
Walterboro, SC	5,417	89	11.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
West Pleasant View, CO	5,417	120	20.4%
Willow Creek No. 26, AB	5,418	n/a
Starke, FL	5,415	86	14.3%
Algona, IA	5,415	92	8.0%
Davenport, FL	5,420	105	4.7%
Walterboro, SC	5,417	89	11.5%