Cost of living in Newberry 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 Newberry 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 Newberry is 86, with 100 being the average.
The cost of living index in Newberry is 0.9x lower than the national average.
Newberry ranks as the #15 cheapest in South Carolina out of 99.
Newberry ranks as the #938 cheapest out of 6,412 in the US.
The median home value in Newberry is $89,100.
The median income in Newberry is $44,330.
According to the most recent data on the cost of living, Newberry has an overall cost of living index of 86, which is 0.9x lower than the national index of 100.
Compared to South Carolina, Newberry has a cost of living index that's 0.9x lower than South Carolina's index of 96.
The standard of living in Newberry ranks as #15 most affordable out of the 99 places we measured in South Carolina. By definition, that implies Newberry ranks as the #84 most expensive place in the Palmetto State.
For more reading on life in Newberry, check out:
Six factors go into calculating the cost of living index in Newberry. Here is how it fairs on each of the criteria:
The Services index in Newberry is 95.
The Groceries index in Newberry is 107.
The Health index in Newberry is 74.
The Housing index in Newberry is 54.
The Transportation index in Newberry is 85.
The Utilities index in Newberry is 129.
|Living Expense||Newberry||South Carolina||National Average|
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 Newberry is $89,100.
The Median Rent in Newberry is $917.
The Median Income in Newberry is $44,330.
The Home Value To Income in Newberry is 2.0x.
The Rent To Monthly Income in Newberry is 0.25x.
|Statistic||Newberry||South Carolina||United States|
|Median Home Value||$89,100||$181,800||$244,900|
|Home Value To Income||2.0x||3.1x||3.5x|
|Rent To Monthly Income||0.25x||0.2x||0.2x|
The cost of living varies in the cities and towns around Newberry. Here's a quick look at the cost of living in the most populous nearby places:
Simpsonville, SC has a cost of living index of 94, 1.1x Newberry.
Lexington, SC has a cost of living index of 99, 1.2x Newberry.
West Columbia, SC has a cost of living index of 94, 1.1x Newberry.
|City||Population||Cost Of Living||Vs. Newberry|
|West Columbia, SC||17,265||94||1.1x|
|Seven Oaks, SC||15,561||92||1.1x|
|Oak Grove, SC||11,803||93||1.1x|
|Forest Acres, SC||10,621||99||1.2x|
|Red Bank, SC||10,070||93||1.1x|