Hanahan cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.
IndexHanahanSouth CarolinaNational
Cost of living index10597100
IndexHanahanSouth CarolinaNational
Goods & Services index109106100
Groceries index101103100
Health care index104101100
Housing index10280100
Transportation index9592100
Utilities index118111100
A general overview of the cost of living index for Hanahan, SC is displayed above. In Hanahan, SC, the overall cost of living index is 105, which is 9% higher than the South Carolina average and 5% higher than the U.S. average. The following categories are used to calculate the overall cost of living index: goods/services (33%), housing (30%), groceries (13%), utilities (10%), transportation (9%) and health care (5%). From the list, it is clear that the categories of goods/services and housing are responsible for the largest portions of the overall cost of living index. As a general rule, everyday goods and services provide an accurate measure of the general cost of goods in any given city. In the case of Hanahan, SC, the city's goods and services are 3% higher than the South Carolina average and 9% higher than the U.S. average.

Did you know?

  • The cost of living in Hanahan is 9% higher than the South Carolina average.
  • The cost of living in Hanahan is 5% higher than the national average.
  • The cost of housing in Hanahan is 2% higher than the national average.
  • South Carolina general sales tax is 18% higher than the national average.
  • South Carolina state income tax is 100% lower than the national average.

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Compare Hanahan, SC Cost of living To Other Cities

Salary Calculator

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Use the salary calculator to compare your current income in Hanahan, SC to any other city in the country. The calculator will tell you how much income you would need to make in a particular city to live at the same level based on the cost of living in each city. For example, if the cost of living in the city you are looking to move to is higher than that of Hanahan, SC, then you would need to earn a higher salary in order to enjoy the same standard of living. To use the Hanahan, SC salary calculator, enter the name of the new city, then move the slider to your current salary level. The salary calculator will do the rest and let you know if your salary would need to increase or decrease for the new city. You will also see a complete overview of the cost of living.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$71,231$5,936$1,662$2,137
Renters$37,795$3,150$882$1,134
The affordability of the housing market in Hanahan, SC as well as the overall cost of living can be indicated accurately by what percent of the monthly income is spent on housing related costs. This is konwn as the debt-to-income ratio (DTI). The overall rule of thumb is that no more than 28% of your gross income should ever be used on the overall costs related to housing and no more than 36% of gross income on all expenses and debts. Among Hanahan, SC homeowners, the median income is $71,231. This indicates that a monthly maximum of $1,662 should be spent by homeowners on all housing related costs. Renters have a median income of $37,795. This indicates that renters should have a maximum of $882 used for their rent related monthly costs.

South Carolina Sales Tax

StateGeneral Sales TaxWith Max Surtax
South Carolina6%9%

South Carolina Income Tax

StateIncome Tax (Low)Income Tax (High)
South Carolina0%7%
When you are determining the total cost of living in Hanahan, SC you will want to make sure you consider both the South Carolina sales tax and the South Carolina income tax rates. Sales tax come in the form of taxes levied on both services and goods that are sold. The sales tax rates are different state to state and range from zero sales tax to higher than 7%. The sales tax in South Carolina is 6%, with the highest surtax being 9%. Tax that is on income by the government is income tax. Different states have different income tax rates and these rates can be higher or lower dependent on the corresponding tax bracket. The state income tax rates are different state to state and range from no income tax to more than 9% income tax. The income tax rates in South Carolina have a range from 0% to 7%.

Goods & Services

ItemHanahanNational avg.Difference
Haircut $16.17$16.090.5%
Beauty Salon $44.38$37.3318.9%
Toothpaste $2.88$2.4517.7%
Shampoo $0.91$1.008.7%
Movie $7.84$10.2823.8%
Bowling $3.69$4.9325.3%

Groceries

ItemHanahanNational avg.Difference
Ground Beef $3.83$3.800.7%
Fried Chicken $1.40$1.400.2%
Milk $1.98$2.011.4%
Potatoes $3.39$3.0112.7%
Pizza $9.26$9.896.3%
Beer $8.48$8.904.7%

Health Care

ItemHanahanNational avg.Difference
Optometrist $105.51$102.163.3%
Doctor $114.72$108.365.9%
Dentist $96.39$92.534.2%
Ibuprofen $9.86$9.286.3%
Lipitor $420.45$425.821.3%

Housing

ItemHanahanNational avg.Difference
Home Price $189,800.00$184,700.002.8%
Avg. Mortgage Payment $995.47$1,202.4417.2%
Apartment Rent $952.00$949.000.3%

Transportation

ItemHanahanNational avg.Difference
Gasoline $2.10$2.246.4%
Tire Balancing $45.10$46.292.6%

Utilities

ItemHanahanNational avg.Difference
All Electricity$260.94$165.9657.2%
Phone $20.88$28.6827.2%
Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.

Nearby cities with low cost of living

City, StatePopulationCost of Living IndexNational Avg.
Lincolnville, SC1,05391-9%
Sangaree, SC7,65899-1%
Ravenel, SC2,56499-1%
North Charleston, SC106,1131000%
Ladson, SC15,7761000%
Hanahan, SC20,7101055%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Liberal, KS20,70983-17%
Lealman, FL20,70487-13%
Sweetwater, FL20,71897-3%
Lockport, NY20,72286-14%
Agoura Hills, CA20,68917777%
Hanahan, SC20,7101055%
Source: The Hanahan, SC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for 2017.