Cost Of Living in Ridgeland, 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	Ridgeland	South Carolina	National
Cost of living	95	93	100
Goods & Services	104	100	100
Groceries	99	99	100
Health care	102	94	100
Housing	81	80	100
Transportation	97	91	100
Utilities	95	107	100

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Cost Of Living Quick Facts

The cost of living in Ridgeland is 2% higher than the South Carolina average
The cost of living in Ridgeland is 5% lower than the national average
Ridgeland housing is 19% 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	$65,650	$5,471	$1,532	$1,970
Renters	$21,938	$1,828	$512	$658

To approximate the cost of living and the housing affordability in Ridgeland, SC, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Ridgeland have a median income of $65,650. Therefore, the amount that a consumer should spend on housing costs should be no more than $1,532 per month to avoid calamity and poverty. The renters in the city have an income of about $21,938, which would make their monthly maximum allowable rental costs $512.

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	Ridgeland	National avg.	Difference
Haircut	$26.56	$24.26	9.5%
Beauty Salon	$53.61	$45.56	17.7%
Toothpaste	$3.50	$3.70	5.5%
Shampoo	$1.21	$1.28	5.5%
Movie	$10.50	$12.13	13.5%
Bowling	$22.67	$18.00	25.9%

Groceries

Item	Ridgeland	National avg.	Difference
Ground Beef	$5.79	$5.84	0.8%
Fried Chicken	$1.45	$1.57	7.6%
Milk	$4.60	$4.67	1.5%
Potatoes	$5.52	$4.93	11.9%
Pizza	$14.49	$12.09	19.9%
Beer	$10.68	$10.41	2.6%

Health Care

Item	Ridgeland	National avg.	Difference
Optometrist	$200.92	$125.68	59.9%
Doctor	$126.20	$135.78	7.1%
Dentist	$104.00	$113.29	8.2%
Ibuprofen	$10.65	$10.65	0.0%
Lipitor	$532.91	$468.60	13.7%

Housing

Item	Ridgeland	National avg.	Difference
Home Price	$159,500.00	$184,700.00	13.6%
Avg. Mortgage Payment	$2,171.17	$2,346.69	7.5%
Apartment Rent	$641.00	$949.00	32.5%

Transportation

Item	Ridgeland	National avg.	Difference
Gasoline	$3.24	$3.46	6.3%
Tire Balancing	$63.17	$59.92	5.4%

Utilities

Item	Ridgeland	National avg.	Difference
All Electricity	$180.25	$193.99	7.1%
Phone	$190.25	$192.25	1.0%

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.
Yemassee, SC	870	85	14.9%
Furman, SC	622	83	16.8%
Burton, SC	8,779	94	5.8%
Shell Point, SC	2,991	99	0.5%
Laurel Bay, SC	6,388	100	0.1%
Ridgeland, SC	3,903	95	5.3%

Cities with similar population

City	Population	Cost of Living Index	National Avg.
Greendale, IN	3,903	93	6.9%
Bunkie, LA	3,903	85	15.4%
Vandalia, MO	3,903	79	20.7%
Vulcan County, AB	3,903	n/a
Malmstrom AFB, MT	3,902	97	2.7%
Ridgeland, SC	3,903	95	5.3%

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 Ridgeland, SC