Cost Of Living in Belvedere, SC

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	Belvedere	South Carolina	National
Cost of living	83	93	100
Goods & Services	92	100	100
Groceries	96	99	100
Health care	82	94	100
Housing	64	80	100
Transportation	89	91	100
Utilities	84	107	100

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Cost Of Living Quick Facts

The cost of living in Belvedere is 12% lower than the South Carolina average
The cost of living in Belvedere is 17% lower than the national average
Belvedere housing is 36% 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	$61,086	$5,091	$1,425	$1,833
Renters	$37,800	$3,150	$882	$1,134

A good way to judge both the affordability of the housing and the cost of living in Belvedere is by simply calculating the maximum that should be spent on housing, otherwise known as the debt-to-income ratio (DTI). The plan is to avoid spending more than 28 percent of the gross income on costs that pertain to housing and no more than 36 percent on all expenses and debts. Belvedere has a median income of about $61,086 for people who own homes. Based on that number, a maximum of $1,425 should be spent on expenses related to housing. Renters have a slightly different median income, which is $37,800. Based on this average, renters should spend no more than $882 on all rental costs if they want to maintain a non-impoverished standard of living.

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	Belvedere	National avg.	Difference
Haircut	$26.67	$24.26	9.9%
Beauty Salon	$39.50	$45.56	13.3%
Toothpaste	$3.65	$3.70	1.3%
Shampoo	$1.13	$1.28	12.0%
Movie	$15.61	$12.13	28.7%
Bowling	$20.92	$18.00	16.2%

Groceries

Item	Belvedere	National avg.	Difference
Ground Beef	$5.52	$5.84	5.4%
Fried Chicken	$1.67	$1.57	6.2%
Milk	$4.53	$4.67	3.0%
Potatoes	$5.41	$4.93	9.6%
Pizza	$13.16	$12.09	8.9%
Beer	$10.06	$10.41	3.4%

Health Care

Item	Belvedere	National avg.	Difference
Optometrist	$69.88	$125.68	44.4%
Doctor	$179.92	$135.78	32.5%
Dentist	$199.00	$113.29	75.7%
Ibuprofen	$10.12	$10.65	5.0%
Lipitor	$496.43	$468.60	5.9%

Housing

Item	Belvedere	National avg.	Difference
Home Price	$106,100.00	$184,700.00	42.6%
Avg. Mortgage Payment	$1,929.91	$2,346.69	17.8%
Apartment Rent	$748.00	$949.00	21.2%

Transportation

Item	Belvedere	National avg.	Difference
Gasoline	$3.24	$3.46	6.3%
Tire Balancing	$52.38	$59.92	12.6%

Utilities

Item	Belvedere	National avg.	Difference
All Electricity	$149.68	$193.99	22.8%
Phone	$189.47	$192.25	1.4%

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.
Clarks Hill, SC	195	91	9.5%
Langley, SC	2,179	75	24.9%
Warrenville, SC	740	76	23.9%
Gloverville, SC	3,008	78	21.8%
New Ellenton, SC	2,159	80	19.7%
Belvedere, SC	5,557	83	17.5%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
West Modesto, CA	5,557	112	12.0%
Waipio Acres, HI	5,556	157	57.2%
Cambria, CA	5,555	171	70.6%
Muleshoe, TX	5,555	80	19.6%
Elburn, IL	5,559	116	16.0%
Belvedere, SC	5,557	83	17.5%

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

Cost of Living in Belvedere, SC