We provide several metrics to compare the cost of living including cost of groceries, transportation, and more. New Jersey residents pay the highest property taxes, car insurance and tolls — making the costs of home ownership and transportation soar. Cost of living in Pennsylvania vs. Virginia, Cost of living in Florida vs. Massachusetts, Cost of living in New Jersey vs. New York. (1 kg), Gasoline (1 kg), Onions - Transportation is 56% cheaper in Columbia. (1 kg), Onions (0.33 liter), Local cheese ), 1 min. I thought about moving somewhere else after the 4th denial. Salary.com's Cost of … We average the price of thousands of data points entered by users across the world. (1 kg), Tomatoes We provide several metrics to compare the cost of living including cost of groceries, transportation, and more. Signing in allows you to ask questions in our community, contribute to our cost of living database, and more. A cost of living index above 100 means South Carolina, South Carolina is more expensive. If you lived in North Carolina instead of Michigan, you would: The statistics used to build this comparison are calculated using data from users just like you. We felt there is no better place to escape than the Northeastern city of Newark, New Jersey. It's a toss-up as to the number one reason why Baby Boomers are relocating to the South at retirement. MyLifeElsewhere is a collaborative project. Updated on Feb 2020. Property tax, sales tax, state income tax, estate and inheritance taxes, and use taxes and fees can add up quickly. (8 km), Utilities for two Community Discovery, LLCInformation deemed reliable and is not guaranteed. For example, to keep the same standard of living that would require, Charleston, South Carolina (United States), Basic lunchtime menu (including a drink) in the business district, Combo meal in fast food restaurant (big mac meal or similar), 500 gr (1 lb.) Please enter price information for your location (South Africa) to help assist us in making these comparisons more accurate. (1 liter), Boneless chicken breast Clearly, you can save at least 50% in taxes alone by moving to Eastern Tennessee or Florida. Full version An amount below 100 means South Carolina is cheaper than the US average. It is so difficult to work with the ARB. Please enter price information for your location (NW, Germany) to help assist us in making these comparisons more accurate. Compare the Cost of Living in Michigan against another US State. By logging in or registering, you agree to our. South Carolina is ranked number 41 out of all states in overall healthcare access and … ), 1 min. LOWEST COST OF LIVING STATES IN THE SOUTHEAST - RANKED (updated 2018), #1 Lowest Cost of Living State - Tennessee - $ 3,579 total real estate taxes, sales tax, personal income tax, #2 Lowest Cost of Living State - Florida $ 4,894 total real estate taxes, sales tax, personal income tax, #3 Lowest Cost of Living State - North Carolina - $5,343 total real estate taxes, sales tax, personal income tax, #4 Lowest Cost of Living State - South Carolina - $5,642 total real estate taxes, sales tax, personal income tax, #5 Lowest Cost of Living State - Georgia - $5,863 total real estate taxes, sales tax, personal income tax. Use this cost of living calculator to compare the cost of living between U.S. cities and determine if you will be able to maintain your current standard of living in another city (1 liter), Boneless chicken breast Signing in allows you to ask questions in our community, contribute to our cost of living database, and more. A city or town that looks affordable according to a standard cost of living report may not be such a bargain once tax burden is added to the mix. We aggregate prices users like you enter, creating a reliable and consistent data set of prices. - Overall, Columbia, South Carolina is 3.8% cheaper than Detroit, Michigan - Transportation is the biggest factor in the cost of living difference. Some benchmark their index to U.S. or state averages, others to a particular city, such as New York, New York. Cost of living indexes generally include costs for housing, food, utilities, transportation, healthcare and miscellaneous purchases. Although it would be easy to think it, there is no pretense here. Assuming the average couple spends $ 24,000 per year on taxable goods, of which $6,000 is for food (non-prepared) and medicine, let's estimate what they spend on sales tax: For this comparison, we will assume our annual taxable income is $40,000 for a married couple filing jointly: Newark Total: $8,951 – Sales Tax 6.674%; Real Estate Tax Average 3.56% (35.6 Mills) x assessed market value less exemptions; No Personal State Income Tax on social security, pensions, or retirement income up to $40K for married couple filing jointly ($30K for HH, Single, windowed), if income <100K, State Average: $4,894 – Sales Tax 6.774%; Real Estate Tax 2.1 % (21 Mills) x market value less $25K homestead exemption; No Personal State Income Tax, Naples - $3,093, 37% below state average, 65% less expensive than Newark, Orlando - $4,075, 17% below state average, 54% less expensive than Newark, Palm Coast $4218, 14% below state average, 53% less expensive than Newark, Sarasota - $3,470, 29% below state average, 61% less expensive than Newark, Vero Beach - $4,006, 18% below state average, 55 % less expensive than Newark, State Average: $5,863 – Sales Tax 7.334%; Real Estate Tax 3% (30 Mills) x 40% of fair market value less exemptions; Personal State Income Tax is progressive with top tier at 6% for annual earnings over $10,000, with social security and $130K of retirement income exempt for those over age 64, Atlanta - $6,457, 28% less expensive than Newark, Augusta - $6,302, 30% less expensive than Newark, Savannah - $6,067, 32% less expensive than Newark, State Average: $5,343 – Sales Tax 6.91%; Real Estate Tax .09% (9 Mills) x assessed market value less exemptions; Personal State Income Tax 5.5%  of taxable  income, Asheville - $5,735, 36% less expensive than Newark, Charlotte - $6,193, 31% less expensive than Newark, Wilmington - $5,961, 33% less expensive than Newark, State Average: $ 5,642– Sales Tax 7.427%; Real Estate Tax 25% (250 Mills) x 4% of assessed value less exemptions; Personal State Income Tax 7% over $14,650 taxable income (residents over 65 can exempt up to $15,000 in retirement income), Beaufort - $5,643, 37% less expensive than Newark, Charleston - $6,384, 29% less expensive than Newark, Greenville - $6,105, 32% less expensive than Newark, State Average: $3,579 – Sales Tax 9.492%; Real Estate Tax 3% (30 Mills ) x 25% of market value, No Personal State Income Tax, although interest and dividends are taxed above certain income levels, Chattanooga - $4,549, 49% less expensive than Newark, Cookeville - $3,928, 56% less expensive than Newark, Knoxville - $4,319, 52% less expensive than Newark, Nashville – $3,605, 60% less expensive than Newark, https://dor.georgia.gov/documents/2017-georgia-income-tax-tables, https://www.tax-brackets.org/southcarolinataxtable, http://www.sccounties.org/property-tax-rates, http://www.comptroller.tn.gov/pa/CountyAssessmentSummary, Palmetto Inventures LLCChris EnglandBroker in Charge. AVERAGE REAL ESTATE TAX COST OF LIVING COMPARISON: To calculate real estate taxes, we assumed a $200,000 market value home. Fortunately, we have found and scored quality master planned communities in the South, where your dollar goes much farther. How these numbers are calculated. Cost of living in Detroit, Michigan (United States) is 7% more expensive than in Greenville, South Carolina (United States) For example, you would need at least $5,557 in Detroit, Michigan to maintain the same standard of living that you can have with $5,200 in Greenville, South Carolina. (0.33 liter), Local cheese For our cost of living comparison to be useful, we needed to 'pick on' a city to use as our benchmark. (1 kg), Potatoes What most of these indexes do not take into consideration is tax burden. From the sunny beaches to the green mountains, South Carolina offers natural beauty and historical sites to retirement living. Home; Cost of Living; Cost of living is a measure of the people's purchasing power in a specific location. Cost of living in Michigan (US) compared to North Carolina (US). Cost of living in North Carolina vs. Pennsylvania. of boneless chicken breast, 0.5 l (16 oz) domestic beer in the supermarket, Monthly rent for 85 m2 (900 sqft) furnished accommodation in expensive area, Monthly rent for 85 m2 (900 sqft) furnished accommodation in normal area, Utilities 1 month (heating, electricity, gas ...) for 2 people in 85m2 flat, Monthly rent for a 45 m2 (480 sqft) furnished studio in expensive area, Monthly rent for a 45 m2 (480 sqft) furnished studio in normal area, Utilities 1 month (heating, electricity, gas ...) for 1 person in 45 m2 (480 sqft) studio, Microwave 800/900 watt (bosch, panasonic, lg, sharp, or equivalent brands), 1 summer dress in a high street store (zara, h&m or similar retailers), 1 pair of sport shoes (nike, adidas, or equivalent brands), Volkswagen golf 1.4 tsi 150 cv (or equivalent), with no extras, new, Taxi trip on a business day, basic tariff, 8 km.