Cost Of Living in Woodfield, SC

A+

8%

Overall NAT. AVG.

2%

Goods & Services NAT. AVG.

27%

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	Woodfield	South Carolina	National
Cost of living	92	93	100
Goods & Services	98	100	100
Groceries	99	99	100
Health care	86	94	100
Housing	73	80	100
Transportation	82	91	100
Utilities	131	107	100

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Cost Of Living Quick Facts

The cost of living in Woodfield is 2% lower than the South Carolina average
The cost of living in Woodfield is 8% lower than the national average
Woodfield housing is 27% 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	$48,764	$4,064	$1,138	$1,463
Renters	$32,021	$2,668	$747	$961

The percentage of monthly income spent on housing related expenses can help predict the affordability of housing in Woodfield, SC, as well as what the overall cost of living might be. Generally, a good rule to follow is that the debt-to-income (DTI) level you want to maintain is 28 percent or less of your income on your rent or mortgage payments and not more than 36 percent of income on all expenses and debts. In Woodfield, homeowners have a median income of $48,764. Using that number, a maximum of $1,138 per month should be allocated to housing expenses. For those who are renting instead of owning, the median income is $32,021, which means there is a maximum of $747 to be spent on the costs of renting a home or apartment.

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%

Goods & Services

Item	Woodfield	National avg.	Difference
Haircut	$20.75	$24.26	14.5%
Beauty Salon	$30.56	$45.56	32.9%
Toothpaste	$3.65	$3.70	1.5%
Shampoo	$1.33	$1.28	3.6%
Movie	$12.93	$12.13	6.6%
Bowling	$24.33	$18.00	35.2%

Groceries

Item	Woodfield	National avg.	Difference
Ground Beef	$6.15	$5.84	5.3%
Fried Chicken	$1.67	$1.57	6.2%
Milk	$4.61	$4.67	1.3%
Potatoes	$5.50	$4.93	11.5%
Pizza	$10.35	$12.09	14.4%
Beer	$10.53	$10.41	1.1%

Health Care

Item	Woodfield	National avg.	Difference
Optometrist	$59.00	$125.68	53.1%
Doctor	$150.00	$135.78	10.5%
Dentist	$78.33	$113.29	30.9%
Ibuprofen	$10.46	$10.65	1.8%
Lipitor	$416.30	$468.60	11.2%

Housing

Item	Woodfield	National avg.	Difference
Home Price	$109,900.00	$184,700.00	40.5%
Avg. Mortgage Payment	$1,725.28	$2,346.69	26.5%
Apartment Rent	$990.00	$949.00	4.3%

Transportation

Item	Woodfield	National avg.	Difference
Gasoline	$3.22	$3.46	6.9%
Tire Balancing	$32.03	$59.92	46.5%

Utilities

Item	Woodfield	National avg.	Difference
All Electricity	$290.58	$193.99	49.8%
Phone	$192.75	$192.25	0.3%

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.
Gadsden, SC	983	78	22.3%
Springdale CDP, SC	2,355	83	17.3%
Eastover, SC	686	84	16.4%
Springdale, SC	2,878	87	12.8%
Hopkins, SC	2,068	88	12.4%
Woodfield, SC	9,361	92	8.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Alamosa, CO	9,360	93	7.0%
Amherst, NS	9,360	n/a
Laurentian Valley, ON	9,362	n/a
Augusta, KS	9,363	91	9.0%
Fairfield Glade, TN	9,364	99	1.1%
Woodfield, SC	9,361	92	8.3%