Food prices — which are up 28% since 2019 — remain high because of the combined impact of rising operating costs, supply-chain disruptions and corporate profits. Higher production, labor and fuel costs have rippled through every aspect of the food system.
The cost of living in Greenville, SC is 4% lower than the state average and 10% lower than the national average. Greenville, SC housing is 28% cheaper than the U.S average, while utilities are about 10% less pricey.
According to the Living Wage Calculator, a single person in South Carolina needs to earn approximately $16.73 per hour, or $34,806 annually, to meet their basic needs. For a family of four with one adult working, the living wage increases to $36.52 per hour or $75,964 annually.
The estimated median household income for the County was $62,562 in 2021, which ranked the household income of the County as the highest among the 10 counties in the upstate region. Listed to the right are the median family income statistics for Greenville County, the State, and the United States.
The 50-30-20 budget rule states that you should spend up to 50% of your after-tax income on needs and obligations that you must have or must do. The remaining half should dedicate 20% to savings, leaving 30% to be spent on things you want but don't necessarily need.
For a low-cost budget for a family of four, you can plan on spending $245.60 a week or about $1,198.40 a month. Moderate-cost plan. For a moderate budget for a family of four, you would spend $304.00 a week for groceries or $1,317.30 a month.
For a full 30 years of retirement, a person living in the state would need a minimum of $989,658 — for 25 years, the total cost is a minimum of $823,890, the study adds.
A single person must earn $88,317 — $42.46 an hour — to cover all basics, wants and savings. That places South Carolina as the 28th most expensive state to live in comfortably.
Introduction: My name is Carlyn Walter, I am a lively, glamorous, healthy, clean, powerful, calm, combative person who loves writing and wants to share my knowledge and understanding with you.
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