Cost of living in Walterboro 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 Walterboro 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 Walterboro is 92, with 100 being the average.
The cost of living index in Walterboro is 0.9x lower than the national average.
Walterboro ranks as the #44 cheapest in South Carolina out of 99.
Walterboro ranks as the #1,974 cheapest out of 6,412 in the US.
The median home value in Walterboro is $113,400.
The median income in Walterboro is $36,806.
According to the most recent data on the cost of living, Walterboro has an overall cost of living index of 92, which is 0.9x lower than the national index of 100.
Compared to South Carolina, Walterboro has a cost of living index that's 1.0x lower than South Carolina's index of 96.
The standard of living in Walterboro ranks as #44 most affordable out of the 99 places we measured in South Carolina. By definition, that implies Walterboro ranks as the #55 most expensive place in the Palmetto State.
For more reading on life in Walterboro, check out:
Six factors go into calculating the cost of living index in Walterboro. Here is how it fairs on each of the criteria:
The Services index in Walterboro is 94.
The Groceries index in Walterboro is 106.
The Health index in Walterboro is 101.
The Housing index in Walterboro is 63.
The Transportation index in Walterboro is 96.
The Utilities index in Walterboro is 124.
Living Expense | Walterboro | South Carolina | National Average | |
---|---|---|---|---|
Overall | 92 | 96 | 100 | |
Services | 94 | 99 | 100 | |
Groceries | 106 | 100 | 100 | |
Health | 101 | 96 | 100 | |
Housing | 63 | 89 | 100 | |
Transportation | 96 | 90 | 100 | |
Utilities | 124 | 107 | 100 |
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 Walterboro is $113,400.
The Median Rent in Walterboro is $606.
The Median Income in Walterboro is $36,806.
The Home Value To Income in Walterboro is 3.1x.
The Rent To Monthly Income in Walterboro is 0.2x.
Statistic | Walterboro | South Carolina | United States |
---|---|---|---|
Median Home Value | $113,400 | $181,800 | $244,900 |
Median Rent | $606 | $970 | $1,163 |
Median Income | $36,806 | $58,234 | $69,021 |
Home Value To Income | 3.1x | 3.1x | 3.5x |
Rent To Monthly Income | 0.2x | 0.2x | 0.2x |
Item | Walterboro | South Carolina |
---|---|---|
Shampoo | $1.0 | $1.06 |
Movie | $10.22 | $10.68 |
Bowling | $17.27 | $14.67 |
Haircut | $19.37 | $18.62 |
Beauty Salon | $57.83 | $39.05 |
Item | Walterboro | South Carolina |
---|---|---|
Ground Beef | $4.68 | $4.22 |
Fried Chicken | $1.27 | $1.39 |
Milk | $2.25 | $2.05 |
Potatoes | $4.23 | $3.29 |
Pizza | $8.86 | $10.62 |
Beer | $10.27 | $9.38 |
Toothpaste | $2.61 | $2.34 |
Item | Walterboro | South Carolina |
---|---|---|
Optometrist | $81.87 | $108.57 |
Doctor | $131.23 | $116.17 |
Dentist | $102.76 | $99.13 |
Item | Walterboro | South Carolina |
---|---|---|
Gasoline | $2.06 | $2.22 |
Tire Balancing | $47.58 | $50.07 |
Item | Walterboro | South Carolina |
---|---|---|
All Electricity | $228.13 | $167.67 |
Phone | $187.31 | $175.64 |
The cost of living varies in the cities and towns around Walterboro. Here's a quick look at the cost of living in the most populous nearby places:
Charleston, SC has a cost of living index of 112, 1.2x Walterboro.
Mount Pleasant, SC has a cost of living index of 128, 1.4x Walterboro.
Summerville, SC has a cost of living index of 100, 1.1x Walterboro.
City | Population | Cost Of Living | Vs. Walterboro |
---|---|---|---|
Charleston, SC | 147,928 | 112 | 1.2x |
Mount Pleasant, SC | 88,900 | 128 | 1.4x |
Summerville, SC | 50,318 | 100 | 1.1x |
Goose Creek, SC | 44,502 | 102 | 1.1x |
Hilton Head Island, SC | 38,068 | 136 | 1.5x |
Hanahan, SC | 20,381 | 103 | 1.1x |
Ladson, SC | 14,711 | 94 | 1.0x |
Port Royal, SC | 12,734 | 108 | 1.2x |
Sangaree, SC | 9,336 | 94 | 1.0x |
Burton, SC | 7,818 | 96 | 1.0x |