Cost of living in Woodfield 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 Woodfield 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 Woodfield is 90, with 100 being the average.
The cost of living index in Woodfield is 0.9x lower than the national average.
Woodfield ranks as the #33 cheapest in South Carolina out of 99.
Woodfield ranks as the #1,633 cheapest out of 6,412 in the US.
The median home value in Woodfield is $111,200.
The median income in Woodfield is $38,239.
According to the most recent data on the cost of living, Woodfield has an overall cost of living index of 90, which is 0.9x lower than the national index of 100.
Compared to South Carolina, Woodfield has a cost of living index that's 0.9x lower than South Carolina's index of 96.
The standard of living in Woodfield ranks as #33 most affordable out of the 99 places we measured in South Carolina. By definition, that implies Woodfield ranks as the #66 most expensive place in the Palmetto State.
For more reading on life in Woodfield, check out:
Six factors go into calculating the cost of living index in Woodfield. Here is how it fairs on each of the criteria:
The Services index in Woodfield is 92.
The Groceries index in Woodfield is 107.
The Health index in Woodfield is 72.
The Housing index in Woodfield is 66.
The Transportation index in Woodfield is 88.
The Utilities index in Woodfield is 128.
|Living Expense||Woodfield||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 Woodfield is $111,200.
The Median Rent in Woodfield is $1,040.
The Median Income in Woodfield is $38,239.
The Home Value To Income in Woodfield is 2.9x.
The Rent To Monthly Income in Woodfield is 0.33x.
|Statistic||Woodfield||South Carolina||United States|
|Median Home Value||$111,200||$181,800||$244,900|
|Home Value To Income||2.9x||3.1x||3.5x|
|Rent To Monthly Income||0.33x||0.2x||0.2x|
The cost of living varies in the cities and towns around Woodfield. Here's a quick look at the cost of living in the most populous nearby places:
Columbia, SC has a cost of living index of 98, 1.1x Woodfield.
Lexington, SC has a cost of living index of 99, 1.1x Woodfield.
St. Andrews, SC has a cost of living index of 87, 1.0x Woodfield.
|City||Population||Cost Of Living||Vs. Woodfield|
|St. Andrews, SC||21,383||87||1.0x|
|West Columbia, SC||17,265||94||1.0x|
|Seven Oaks, SC||15,561||92||1.0x|
|Oak Grove, SC||11,803||93||1.0x|
|Forest Acres, SC||10,621||99||1.1x|