Tega Cay, SC Cost Of Living
Cost Of Living In Tega Cay, SC Summary
Cost of living in Tega Cay research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Tega Cay is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in South Carolina, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Tega Cay is 117, with 100 being the average.
The cost of living index in Tega Cay is 1.2x higher than the national average.
Tega Cay ranks as the #95 cheapest in South Carolina out of 99.
Tega Cay ranks as the #4,628 cheapest out of 6,412 in the US.
The median home value in Tega Cay is $394,500.
The median income in Tega Cay is $130,571.
Table Of Contents
Tega Cay's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Tega Cay, SC?
According to the most recent data on the cost of living, Tega Cay has an overall cost of living index of 117, which is 1.2x higher than the national index of 100.
Compared to South Carolina, Tega Cay has a cost of living index that's 1.2x higher than South Carolina's index of 96.
The standard of living in Tega Cay ranks as #95 most affordable out of the 99 places we measured in South Carolina. By definition, that implies Tega Cay ranks as the #4 most expensive place in the Palmetto State.
For more reading on life in Tega Cay, check out:
- Living In Tega Cay
- Tega Cay Crime Report
- Search Homes For Sale In Tega Cay, SC
In South Carolina
In America
Tega Cay Cost Of Living Vs. South Carolina
Six factors go into calculating the cost of living index in Tega Cay. Here is how it fairs on each of the criteria:
The Services index in Tega Cay is 104.
The Groceries index in Tega Cay is 103.
The Health index in Tega Cay is 104.
The Housing index in Tega Cay is 159.
The Transportation index in Tega Cay is 103.
The Utilities index in Tega Cay is 96.
| Living Expense | Tega Cay | South Carolina | National Average | |
|---|---|---|---|---|
| Overall | 117 | 96 | 100 | |
| Services | 104 | 99 | 100 | |
| Groceries | 103 | 100 | 100 | |
| Health | 104 | 96 | 100 | |
| Housing | 159 | 89 | 100 | |
| Transportation | 103 | 90 | 100 | |
| Utilities | 96 | 107 | 100 | |
Tega Cay, SC Housing Cost Breakdown
Housing swings affordability the most between places in South Carolina, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Tega Cay is $394,500.
The Median Rent in Tega Cay is $1,304.
The Median Income in Tega Cay is $130,571.
The Home Value To Income in Tega Cay is 3.0x.
The Rent To Monthly Income in Tega Cay is 0.12x.
| Statistic | Tega Cay | South Carolina | United States |
|---|---|---|---|
| Median Home Value | $394,500 | $181,800 | $244,900 |
| Median Rent | $1,304 | $970 | $1,163 |
| Median Income | $130,571 | $58,234 | $69,021 |
| Home Value To Income | 3.0x | 3.1x | 3.5x |
| Rent To Monthly Income | 0.12x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Tega Cay, SC Costs By Category
Detailed Tega Cay Services Costs Vs. South Carolina
| Item | Tega Cay | South Carolina |
|---|---|---|
| Shampoo | $1.0 | $1.06 |
| Movie | $10.0 | $10.68 |
| Bowling | $22.35 | $14.67 |
| Haircut | $16.9 | $18.62 |
| Beauty Salon | $39.1 | $39.05 |
Detailed Tega Cay Groceries Costs Vs. South Carolina
| Item | Tega Cay | South Carolina |
|---|---|---|
| Ground Beef | $3.88 | $4.22 |
| Fried Chicken | $1.46 | $1.39 |
| Milk | $1.69 | $2.05 |
| Potatoes | $3.65 | $3.29 |
| Pizza | $9.09 | $10.62 |
| Beer | $10.42 | $9.38 |
| Toothpaste | $2.27 | $2.34 |
Detailed Tega Cay Health Costs Vs. South Carolina
| Item | Tega Cay | South Carolina |
|---|---|---|
| Optometrist | $119.06 | $108.57 |
| Doctor | $121.12 | $116.17 |
| Dentist | $112.88 | $99.13 |
Detailed Tega Cay Transportation Costs Vs. South Carolina
| Item | Tega Cay | South Carolina |
|---|---|---|
| Gasoline | $2.35 | $2.22 |
| Tire Balancing | $45.59 | $50.07 |
Detailed Tega Cay Utilities Costs Vs. South Carolina
| Item | Tega Cay | South Carolina |
|---|---|---|
| All Electricity | $158.05 | $167.67 |
| Phone | $179.94 | $175.64 |
Tega Cay SnackAbility
/10
Cost Of Living In Cities Around Tega Cay
The cost of living varies in the cities and towns around Tega Cay. Here's a quick look at the cost of living in the most populous nearby places:
Charlotte, NC has a cost of living index of 103, 0.9x Tega Cay.
Rock Hill, SC has a cost of living index of 96, 0.8x Tega Cay.
Matthews, NC has a cost of living index of 107, 0.9x Tega Cay.
| City | Population | Cost Of Living | Vs. Tega Cay |
|---|---|---|---|
| Charlotte, NC | 864,871 | 103 | 0.9x |
| Rock Hill, SC | 72,883 | 96 | 0.8x |
| Matthews, NC | 29,417 | 107 | 0.9x |
| Fort Mill, SC | 24,069 | 104 | 0.9x |
| Waxhaw, NC | 19,645 | 116 | 1.0x |
| Mount Holly, NC | 17,315 | 96 | 0.8x |
| Belmont, NC | 14,442 | 98 | 0.8x |
| Lake Wylie, SC | 13,560 | 117 | 1.0x |
| Weddington, NC | 12,851 | 142 | 1.2x |
| Pineville, NC | 10,317 | 97 | 0.8x |
