Cost Of Living in Welcome, SC

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11%

Overall NAT. AVG.

2%

Goods & Services NAT. AVG.

31%

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	Welcome	South Carolina	National
Cost of living	89	93	100
Goods & Services	102	100	100
Groceries	98	99	100
Health care	100	94	100
Housing	69	80	100
Transportation	90	91	100
Utilities	92	107	100

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Cost Of Living Quick Facts

The cost of living in Welcome is 4% lower than the South Carolina average
The cost of living in Welcome is 11% lower than the national average
Welcome housing is 31% 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	$57,241	$4,770	$1,336	$1,717
Renters	$30,223	$2,519	$705	$907

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 homeowners, is $57,241. This would allow for a maximum of $1,336 per month to be spent on housing costs. For renters, the median monthly income is $30,223 which would result in a maximum of $705 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%	6.5%

Goods & Services

Item	Welcome	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	Welcome	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	Welcome	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	Welcome	National avg.	Difference
Home Price	$114,200.00	$184,700.00	38.2%
Avg. Mortgage Payment	$1,581.44	$2,346.69	32.6%
Apartment Rent	$816.00	$949.00	14.0%

Transportation

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

Utilities

Item	Welcome	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.
Ware Place, SC	116	79	21.0%
Slater-Marietta, SC	2,098	83	16.6%
Judson, SC	1,412	85	14.8%
Parker, SC	12,175	86	14.2%
West Pelzer, SC	1,049	87	12.9%
Welcome, SC	7,743	89	10.6%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Round Lake Park, IL	7,744	97	2.8%
Hood River, OR	7,745	131	31.1%
Winnemucca, NV	7,752	105	5.4%
Floris, VA	7,752	181	81.3%
Merritt, BC	7,733	n/a
Welcome, SC	7,743	89	10.6%