Cost of living in Oak Grove 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 Oak Grove 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 Oak Grove is 93, with 100 being the average.
The cost of living index in Oak Grove is 0.9x lower than the national average.
Oak Grove ranks as the #50 cheapest in South Carolina out of 99.
Oak Grove ranks as the #2,137 cheapest out of 6,412 in the US.
The median home value in Oak Grove is $147,600.
The median income in Oak Grove is $63,791.
According to the most recent data on the cost of living, Oak Grove has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.
Compared to South Carolina, Oak Grove has a cost of living index that's 1.0x lower than South Carolina's index of 96.
The standard of living in Oak Grove ranks as #50 most affordable out of the 99 places we measured in South Carolina. By definition, that implies Oak Grove ranks as the #49 most expensive place in the Palmetto State.
For more reading on life in Oak Grove, check out:
Six factors go into calculating the cost of living index in Oak Grove. Here is how it fairs on each of the criteria:
The Services index in Oak Grove is 95.
The Groceries index in Oak Grove is 106.
The Health index in Oak Grove is 73.
The Housing index in Oak Grove is 75.
The Transportation index in Oak Grove is 87.
The Utilities index in Oak Grove is 128.
|Living Expense||Oak Grove||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 Oak Grove is $147,600.
The Median Rent in Oak Grove is $1,036.
The Median Income in Oak Grove is $63,791.
The Home Value To Income in Oak Grove is 2.3x.
The Rent To Monthly Income in Oak Grove is 0.19x.
|Statistic||Oak Grove||South Carolina||United States|
|Median Home Value||$147,600||$181,800||$244,900|
|Home Value To Income||2.3x||3.1x||3.5x|
|Rent To Monthly Income||0.19x||0.2x||0.2x|
The cost of living varies in the cities and towns around Oak Grove. Here's a quick look at the cost of living in the most populous nearby places:
Lexington, SC has a cost of living index of 99, 1.1x Oak Grove.
St. Andrews, SC has a cost of living index of 87, 0.9x Oak Grove.
West Columbia, SC has a cost of living index of 94, 1.0x Oak Grove.
|City||Population||Cost Of Living||Vs. Oak Grove|
|St. Andrews, SC||21,383||87||0.9x|
|West Columbia, SC||17,265||94||1.0x|
|Seven Oaks, SC||15,561||92||1.0x|
|Forest Acres, SC||10,621||99||1.1x|
|Red Bank, SC||10,070||93||1.0x|