Hilton Head Island 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.
IndexHilton Head IslandSouth CarolinaNational
Cost of living index13795100
IndexHilton Head IslandSouth CarolinaNational
Goods & Services index102101100
Groceries index116109100
Health care index98100100
Housing index21480100
Transportation index9493100
Utilities index107104100
A general overview of the cost of living index for Hilton Head Island, SC is displayed above. In Hilton Head Island, SC, the overall cost of living index is 137, which is 44% higher than the South Carolina average and 37% 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 Hilton Head Island, SC, the city's goods and services are 1% higher than the South Carolina average and 2% higher than the U.S. average.

Did you know?

  • The cost of living in Hilton Head Island is 44% higher than the South Carolina average.
  • The cost of living in Hilton Head Island is 37% higher than the national average.
  • The cost of housing in Hilton Head Island is 114% 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 Hilton Head Island, SC Cost of living To Other Cities

Salary Calculator

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The salary calculator is used in order to provide a comparison of your current salary in Hilton Head Island, SC to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Hilton Head Island, SC, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Hilton Head Island, SC salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median IncomePer YearPer MonthMax Budget (28% DTI)Max Budget (36% DTI)
Owners$81,501$6,792$1,902$2,445
Renters$45,051$3,754$1,051$1,352
The affordability of the housing market in Hilton Head Island, 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 Hilton Head Island, SC homeowners, the median income is $81,501. This indicates that a monthly maximum of $1,902 should be spent by homeowners on all housing related costs. Renters have a median income of $45,051. This indicates that renters should have a maximum of $1,051 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 Hilton Head Island, 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

ItemHilton Head IslandNational avg.Difference
Haircut $14.44$14.591.1%
Beauty Salon $43.28$34.6824.8%
Toothpaste $3.06$2.4723.7%
Shampoo $1.12$1.029.6%
Movie $10.30$9.874.4%
Bowling $3.82$4.3913.0%

Groceries

ItemHilton Head IslandNational avg.Difference
Ground Beef $4.89$4.489.2%
Fried Chicken $1.56$1.466.6%
Milk $2.69$2.3614.1%
Potatoes $3.82$3.0624.8%
Pizza $9.31$9.240.7%
Beer $8.42$8.632.5%

Health Care

ItemHilton Head IslandNational avg.Difference
Optometrist $105.88$99.786.1%
Doctor $96.28$105.038.3%
Dentist $93.43$88.705.3%
Ibuprofen $10.18$9.418.2%
Lipitor $268.02$298.5010.2%

Housing

ItemHilton Head IslandNational avg.Difference
Home Price $447,400.00$175,700.00154.6%
Avg. Mortgage Payment $934.01$1,081.0313.6%
Apartment Rent $1,096.00$920.0019.1%

Transportation

ItemHilton Head IslandNational avg.Difference
Gasoline $1.98$2.095.4%
Tire Balancing $41.84$45.297.6%

Utilities

ItemHilton Head IslandNational avg.Difference
All Electricity$184.24$170.807.9%
Phone $29.95$28.266.0%
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.
Shell Point, SC2,3841044%
Port Royal, SC11,2641066%
Bluffton, SC13,97911010%
Wilmington Island, GA15,3381099%
Tybee Island, GA3,04912424%
Hilton Head Island, SC38,49713737%

Cities with similar population

City, StatePopulationCost of Living IndexNational Avg.
Ormond Beach, FL38,5021022%
Huber Heights, OH38,48493-7%
Stanton, CA38,45512323%
Goose Creek, SC38,5451033%
Greenacres, FL38,44494-6%
Hilton Head Island, SC38,49713737%
Source: The Hilton Head Island, SC cost of living data displayed above is derived from the Council for Community and Economic Research (C2ER) for the fourth quarter of 2015.