Red Bank, SC Cost Of Living

Demographics | Cost Of Living
Updated: 2023-11-15

Cost Of Living In Red Bank, SC Summary

Cost of living in Red Bank 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 Red Bank 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 Red Bank is 93, with 100 being the average.

  • The cost of living index in Red Bank is 0.9x lower than the national average.

  • Red Bank ranks as the #50 cheapest in South Carolina out of 99.

  • Red Bank ranks as the #2,137 cheapest out of 6,412 in the US.

  • The median home value in Red Bank is $139,100.

  • The median income in Red Bank is $60,593.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
93
Red Bank's Overall Cost Of Living
0.9x
Lower Than The National Average

What is the cost of living in Red Bank, SC?

According to the most recent data on the cost of living, Red Bank has an overall cost of living index of 93, which is 0.9x lower than the national index of 100.

Compared to South Carolina, Red Bank has a cost of living index that's 1.0x lower than South Carolina's index of 96.

The standard of living in Red Bank ranks as #50 most affordable out of the 99 places we measured in South Carolina. By definition, that implies Red Bank ranks as the #49 most expensive place in the Palmetto State.

For more reading on life in Red Bank, check out:

50 out of 99
In South Carolina
2,137 out of 6,412
In America

Red Bank Cost Of Living Vs. South Carolina

Six factors go into calculating the cost of living index in Red Bank. Here is how it fairs on each of the criteria:

  • The Services index in Red Bank is 94.

  • The Groceries index in Red Bank is 106.

  • The Health index in Red Bank is 74.

  • The Housing index in Red Bank is 75.

  • The Transportation index in Red Bank is 89.

  • The Utilities index in Red Bank is 129.

Living Expense Red Bank South Carolina National Average
Overall 93 96 100
Services 94 99 100
Groceries 106 100 100
Health 74 96 100
Housing 75 89 100
Transportation 89 90 100
Utilities 129 107 100
For more reading on cost of living around South Carolina, check out:
Red Bank Cost of Living Vs. SC

Red Bank, 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 Red Bank is $139,100.

  • The Median Rent in Red Bank is $915.

  • The Median Income in Red Bank is $60,593.

  • The Home Value To Income in Red Bank is 2.3x.

  • The Rent To Monthly Income in Red Bank is 0.18x.

Statistic Red Bank South Carolina United States
Median Home Value $139,100 $181,800 $244,900
Median Rent $915 $970 $1,163
Median Income $60,593 $58,234 $69,021
Home Value To Income 2.3x 3.1x 3.5x
Rent To Monthly Income 0.18x 0.2x 0.2x
Search Homes For Sale In Red Bank, SC
$139,100
Median Home Value
$915
Median Rent
$60,593
Median Income

Red Bank, SC Costs By Category

Detailed Red Bank Services Costs Vs. South Carolina

Item Red Bank South Carolina
Shampoo $1.01 $1.06
Movie $11.12 $10.68
Bowling $13.83 $14.67
Haircut $14.0 $18.62
Beauty Salon $41.63 $39.05

Detailed Red Bank Groceries Costs Vs. South Carolina

Item Red Bank South Carolina
Ground Beef $4.57 $4.22
Fried Chicken $1.4 $1.39
Milk $2.19 $2.05
Potatoes $3.78 $3.29
Pizza $10.72 $10.62
Beer $10.3 $9.38
Toothpaste $2.26 $2.34

Detailed Red Bank Health Costs Vs. South Carolina

Item Red Bank South Carolina
Optometrist $51.67 $108.57
Doctor $102.0 $116.17
Dentist $59.0 $99.13

Detailed Red Bank Transportation Costs Vs. South Carolina

Item Red Bank South Carolina
Gasoline $2.0 $2.22
Tire Balancing $40.0 $50.07

Detailed Red Bank Utilities Costs Vs. South Carolina

Item Red Bank South Carolina
All Electricity $248.45 $167.67
Phone $185.81 $175.64

Red Bank SnackAbility

6
/10
Overall SnackAbility
Jobs
7/10
Housing
6
Affordability
8
Diversity
7
Safety
N/A
Amenities
8
Education
6
Commute
8

Cost Of Living In Cities Around Red Bank

The cost of living varies in the cities and towns around Red Bank. 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 Red Bank.

  • St. Andrews, SC has a cost of living index of 87, 0.9x Red Bank.

  • West Columbia, SC has a cost of living index of 94, 1.0x Red Bank.

City Population Cost Of Living Vs. Red Bank
Lexington, SC 23,068 99 1.1x
St. Andrews, SC 21,383 87 0.9x
West Columbia, SC 17,265 94 1.0x
Seven Oaks, SC 15,561 92 1.0x
Dentsville, SC 15,245 88 0.9x
Cayce, SC 13,637 90 1.0x
Oak Grove, SC 11,803 93 1.0x
Irmo, SC 11,581 94 1.0x
Forest Acres, SC 10,621 99 1.1x
Woodfield, SC 8,970 90 1.0x

Articles About South Carolina

Enjoy The Snack?