A-
0%
Overall NAT. AVG.
2%
Goods & Services NAT. AVG.
6%
Housing NAT. AVG.
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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 Simpsonville South Carolina National
Cost of living10093100
Goods & Services102100100
Groceries9899100
Health care10094100
Housing10680100
Transportation9091100
Utilities92107100

An Overview of Cost of Living in Simpsonville, SC

The cost of living in Simpsonville affects the quality of life one can afford in this new location. It allows people to assess whether they can maintain their preferred lifestyle, including housing, leisure activities and dining options. Your total monthly expenditures can varry depending on the area, as well as many other factors. The cost of living in Simpsonville is 100, which is 0% equal to the national average. Knowledge of the cost of living can help individuals make informed decisions about retirement savings, investments, and financial goals.

Everyday expenditures like food, housing, goods and services, transportation and health care in Simpsonville are priced in a manner consistent with other areas. This means that residents of Simpsonville can anticipate their daily expenses remaining reasonably similar to those in an average city, thereby supporting a manageable cost of living.

Is Simpsonville Affordable?

Is Simpsonville affordable? It's a key consideration when pondering a move, as affordability often shapes your choices. The cost of living index (we discussed it earlier), coupled with housing costs and income levels, serves as the cornerstone for determining a location's affordability. Take Simpsonville, for instance, where the median home price falls 1.8% higher than the national average, and monthly rent rates are 15.9% higher than usual. Additionally, median income levels contribute to the equation, with Simpsonville flaunting a median household income of $75,535, 36.5% higher than the national norm.

What Factors can Influence the Cost of Living in Simpsonville?

Groceries: The costs associated with groceries have witnessed substantial increases over the past 2-3 years. In select markets, food prices have escalated by more than 20% during this timeframe, whereas others have seen more restrained upticks. The variances in food expenses can exert a considerable influence on the overall cost of living in a given locale. In Simpsonville, the groceries index is 1.7% lower than the national average.

Utilities: Similar to the prices of any goods or services, utility expenses can fluctuate widely, contingent on variables such as climate, available energy sources, geographical location and state regulations. Costs associated with electricity, water, heating, and waste disposal can differ in magnitude, depending on the specific city or state. In Simpsonville, the utilities index registers at 7.8% lower than the national average.

Taxes: Cities that impose higher taxes, including sales and income taxes, can contribute to an escalated cost of living. The added expense of taxes on everyday goods like clothing and food naturally results in higher overall costs. Similarly, a higher income tax rate can further elevate the cost of living. In Simpsonville, the general sales tax rate starts at 6%, and income tax rates begin at 0%.

Where is the Data From?

The Simpsonville cost of living data displayed above is derived from the C2ER cost of living index to provide a useful and reasonably accurate measure of living cost differences in urban areas. The index takes into account data from 300 independent researches, covering more than 60 goods and services across 6 different categories, to create an overall index for each area, with 100 being the average. The C2ER index does not include sales or income tax rates in their data, however AreaVibes does include both income and sales tax rates in the overall cost of living score for each area.

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Cost Of Living Quick Facts

  • The cost of living in Simpsonville is 8% higher than the South Carolina average
  • The cost of living in Simpsonville is equal to the national average
  • Simpsonville housing is 6% higher 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

Most Affordable Places to Live in and Around Simpsonville

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Compare Simpsonville, SC Cost of Living

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      Salary Calculator

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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$83,143$6,929$1,940$2,495
      Renters$53,913$4,493$1,258$1,618
      The affordability of the housing market in Simpsonville, 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 Simpsonville homeowners, the median income is $83,143. This indicates that a monthly maximum of $1,940 should be spent by homeowners on all housing related costs. Renters have a median income of $53,913. This indicates that renters would have a maximum of $1,258 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 Simpsonville National avg. Difference
      Haircut $25.74$24.266.1%
      Beauty Salon $51.07$45.5612.1%
      Toothpaste $3.61$3.702.4%
      Shampoo $1.37$1.287.2%
      Movie $14.47$12.1319.3%
      Bowling $18.39$18.002.2%

      Groceries

      Item Simpsonville National avg. Difference
      Ground Beef $6.24$5.846.8%
      Fried Chicken $1.50$1.574.6%
      Milk $4.56$4.672.4%
      Potatoes $5.31$4.937.6%
      Pizza $11.78$12.092.5%
      Beer $10.45$10.410.4%

      Health Care

      Item Simpsonville National avg. Difference
      Optometrist $120.21$125.684.4%
      Doctor $123.75$135.788.9%
      Dentist $114.80$113.291.3%
      Ibuprofen $10.43$10.652.1%
      Lipitor $534.74$468.6014.1%

      Housing

      Item Simpsonville National avg. Difference
      Home Price $188,000.00$184,700.001.8%
      Avg. Mortgage Payment $1,581.44$2,346.6932.6%
      Apartment Rent $1,100.00$949.0015.9%

      Transportation

      Item Simpsonville National avg. Difference
      Gasoline $3.07$3.4611.2%
      Tire Balancing $56.50$59.925.7%

      Utilities

      Item Simpsonville National avg. Difference
      All Electricity $170.53$193.9912.1%
      Phone $189.75$192.251.3%
      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, SC1167921.0%
      Startex, SC5568020.2%
      Gray Court, SC7808416.1%
      Judson, SC1,4128514.8%
      Parker, SC12,1758614.2%
      Simpsonville, SC23,2001000.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Copiague, NY23,20013332.8%
      Oxford, OH23,192955.5%
      East Hants, NS23,212n/a 
      Clayton, NC23,1791021.9%
      Bluffton, SC23,17612121.3%
      Simpsonville, SC23,2001000.5%
      Date & Last Updated: This data reflects 2023 and was released from C2ER in January, 2024; this is the most current data available.