Lake Wylie, SC Cost Of Living
Cost Of Living In Lake Wylie, SC Summary
Cost of living in Lake Wylie 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 Lake Wylie 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 Lake Wylie is 117, with 100 being the average.
The cost of living index in Lake Wylie is 1.2x higher than the national average.
Lake Wylie ranks as the #95 cheapest in South Carolina out of 99.
Lake Wylie ranks as the #4,628 cheapest out of 6,412 in the US.
The median home value in Lake Wylie is $365,600.
The median income in Lake Wylie is $107,534.
Table Of Contents
Lake Wylie's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Lake Wylie, SC?
According to the most recent data on the cost of living, Lake Wylie has an overall cost of living index of 117, which is 1.2x higher than the national index of 100.
Compared to South Carolina, Lake Wylie has a cost of living index that's 1.2x higher than South Carolina's index of 96.
The standard of living in Lake Wylie ranks as #95 most affordable out of the 99 places we measured in South Carolina. By definition, that implies Lake Wylie ranks as the #4 most expensive place in the Palmetto State.
For more reading on life in Lake Wylie, check out:
- Living In Lake Wylie
- Search Homes For Sale In Lake Wylie, SC
In South Carolina
In America
Lake Wylie Cost Of Living Vs. South Carolina
Six factors go into calculating the cost of living index in Lake Wylie. Here is how it fairs on each of the criteria:
The Services index in Lake Wylie is 105.
The Groceries index in Lake Wylie is 104.
The Health index in Lake Wylie is 106.
The Housing index in Lake Wylie is 144.
The Transportation index in Lake Wylie is 102.
The Utilities index in Lake Wylie is 97.
| Living Expense | Lake Wylie | South Carolina | National Average | |
|---|---|---|---|---|
| Overall | 117 | 96 | 100 | |
| Services | 105 | 99 | 100 | |
| Groceries | 104 | 100 | 100 | |
| Health | 106 | 96 | 100 | |
| Housing | 144 | 89 | 100 | |
| Transportation | 102 | 90 | 100 | |
| Utilities | 97 | 107 | 100 | |
Lake Wylie, 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 Lake Wylie is $365,600.
The Median Rent in Lake Wylie is $1,216.
The Median Income in Lake Wylie is $107,534.
The Home Value To Income in Lake Wylie is 3.4x.
The Rent To Monthly Income in Lake Wylie is 0.14x.
| Statistic | Lake Wylie | South Carolina | United States |
|---|---|---|---|
| Median Home Value | $365,600 | $181,800 | $244,900 |
| Median Rent | $1,216 | $970 | $1,163 |
| Median Income | $107,534 | $58,234 | $69,021 |
| Home Value To Income | 3.4x | 3.1x | 3.5x |
| Rent To Monthly Income | 0.14x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Lake Wylie, SC Costs By Category
Detailed Lake Wylie Services Costs Vs. South Carolina
| Item | Lake Wylie | 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 Lake Wylie Groceries Costs Vs. South Carolina
| Item | Lake Wylie | 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 Lake Wylie Health Costs Vs. South Carolina
| Item | Lake Wylie | South Carolina |
|---|---|---|
| Optometrist | $119.06 | $108.57 |
| Doctor | $121.12 | $116.17 |
| Dentist | $112.88 | $99.13 |
Detailed Lake Wylie Transportation Costs Vs. South Carolina
| Item | Lake Wylie | South Carolina |
|---|---|---|
| Gasoline | $2.35 | $2.22 |
| Tire Balancing | $45.59 | $50.07 |
Detailed Lake Wylie Utilities Costs Vs. South Carolina
| Item | Lake Wylie | South Carolina |
|---|---|---|
| All Electricity | $158.05 | $167.67 |
| Phone | $179.94 | $175.64 |
Lake Wylie SnackAbility
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Cost Of Living In Cities Around Lake Wylie
The cost of living varies in the cities and towns around Lake Wylie. 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 Lake Wylie.
Gastonia, NC has a cost of living index of 97, 0.8x Lake Wylie.
Rock Hill, SC has a cost of living index of 96, 0.8x Lake Wylie.
| City | Population | Cost Of Living | Vs. Lake Wylie |
|---|---|---|---|
| Charlotte, NC | 864,871 | 103 | 0.9x |
| Gastonia, NC | 79,483 | 97 | 0.8x |
| Rock Hill, SC | 72,883 | 96 | 0.8x |
| Fort Mill, SC | 24,069 | 104 | 0.9x |
| Mount Holly, NC | 17,315 | 96 | 0.8x |
| Belmont, NC | 14,442 | 98 | 0.8x |
| Weddington, NC | 12,851 | 142 | 1.2x |
| Tega Cay, SC | 12,336 | 117 | 1.0x |
| Kings Mountain, NC | 10,775 | 92 | 0.8x |
| Pineville, NC | 10,317 | 97 | 0.8x |
