Cost Of Living in Central, 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	Central	South Carolina	National
Cost of living	88	93	100
Goods & Services	102	100	100
Groceries	98	99	100
Health care	100	94	100
Housing	65	80	100
Transportation	90	91	100
Utilities	92	107	100

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Cost Of Living Quick Facts

The cost of living in Central is 6% lower than the South Carolina average
The cost of living in Central is 12% lower than the national average
Central housing is 35% 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	$41,484	$3,457	$968	$1,245
Renters	$29,479	$2,457	$688	$884

The affordability of the housing market in Central, 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 Central homeowners, the median income is $41,484. This indicates that a monthly maximum of $968 should be spent by homeowners on all housing related costs. Renters have a median income of $29,479. This indicates that renters would have a maximum of $688 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	Central	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	Central	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	Central	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	Central	National avg.	Difference
Home Price	$112,500.00	$184,700.00	39.1%
Avg. Mortgage Payment	$1,581.44	$2,346.69	32.6%
Apartment Rent	$693.00	$949.00	27.0%

Transportation

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

Utilities

Item	Central	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.
Newry, SC	98	78	22.5%
West Union, SC	319	86	14.3%
Norris, SC	759	88	12.3%
Liberty, SC	3,168	89	11.5%
Pickens, SC	3,169	89	10.9%
Central, SC	5,342	88	12.0%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Manitou Springs, CO	5,342	131	30.6%
Pana, IL	5,338	76	24.4%
Calistoga, CA	5,346	169	69.3%
Goshen, NY	5,346	115	15.4%
Rincon Valley, AZ	5,337	134	34.1%
Central, SC	5,342	88	12.0%

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 Central, SC