Cost of Living in Hanahan, SC

Population 21,119 · South Carolina · Data vintage 2023

107
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Hanahan sits on the smaller end of the South Carolina city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible. An unemployment rate of 2.3% points to a labor market well on the tight side of the national distribution.

Hanahan is part of the immediate North Charleston metro area — close enough that regional housing and labor patterns are shaped largely by the larger market. Median home values run roughly 27% higher than North Charleston's $268,000.

Cost Overview

Housing 111
Rent 101

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Hanahan

The median home value in Hanahan is $339,800 — 11% above the national median of $305,000. Median rent runs $1,324/month, 1% higher than the national median of $1,314/month. The median household income of $84,061/year is 13% higher than the US median of $74,580. The local unemployment rate is 2.3%, below the national average of 4.8%. South Carolina's top state income tax rate is 6.4% and the combined sales tax is 7.5%. The climate averages highs of 76.6°F and lows of 56.4°F. Overall, Hanahan has a cost of living index of 107 versus the US average of 100, meaning it is 7% more expensive.

🏠 Housing

Median Home Value
$339,800
11% above avg
Zillow Home Value
$407,348
Zillow ZHVI
Median Rent
$1,324/mo
1% above avg
Zillow Rent
$1,675/mo
Zillow ZORI
Price-to-Rent Ratio
21.4x
Favors renting
Property Tax Rate
0.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$807
1 BR
$841
2 BR
$1,028
3 BR
$1,294
4 BR
$1,567
Owner-occupied 67.7%
Renter-occupied 32.3%

💰 Estimated Monthly Budget

Rent median rent
$1,324
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $1,938/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
26.6 min
1% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
10.1%

Commute Mode

Drove alone
75.5%
Carpooled
9.3%
Public transit
2.1%
Walked
1.4%
Bicycle
0.1%
Work from home
10.1%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 6.4%
Total Sales Tax 7.5%
State rate 6.0%
Avg local rate 1.5%
Property Tax 0.6%

💼 Income & Employment

Median Household Income
$84,061
13% above avg
Per Capita Income
$39,558
Unemployment Rate
2.3%
52% below avg
Poverty Rate
10.9%
Labor Force Participation
68.1%

🎓 Education

Bachelor's degree+ 25.1%
Graduate degree 12.9%

👥 Demographics

Median Age 36.5
Male median age 36.4
Female median age 36.8

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
76.6°F
Avg Low
56.4°F
Annual Precip
52.5"
Annual Snowfall
0.3"
30° 48° 65° 83° 100° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 606470778489919085786963
Low °F 394247556370747368584742
Precip" 3.373.053.353.293.326.216.606.976.014.332.663.35
Snow" 0.20.10.00.00.00.00.00.00.00.00.00.0

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 36 — Good
95.2%
Good air days/yr
105
Max AQI recorded
0
PM2.5 days
273
Ozone days

Frequently Asked Questions

What is the cost of living in Hanahan, SC?

Hanahan has a cost index of 107 (100 = national average). It is 7% above the national average.

What is average rent in Hanahan, SC?

The median gross rent in Hanahan is $1,324 per month based on 2023 Census data.

What is the average home price in Hanahan?

The median home value in Hanahan is $339,800 according to Zillow and Census data.

What is the median income in Hanahan?

The median household income in Hanahan is $84,061 per year (2023 ACS 5-year estimates).

What is the sales tax in Hanahan, SC?

The combined state and local sales tax rate in Hanahan is 7.5%. The South Carolina state income tax top rate is 6.4%.

Is Hanahan, SC affordable?

Hanahan is near the national average in terms of cost of living, with an index of 107 (100 = US average).

What is the weather like in Hanahan?

Hanahan has average high temperatures of 76.6°F and average lows of 56.4°F. Annual precipitation is 52.5". Average annual snowfall is 0.3". Data from NOAA 1991–2020 Climate Normals.

Hanahan at a Glance

Population
21,119
Median Income
$84,061
Home Value
$339,800
Median Rent
$1,324/mo
Unemployment
2.3%
Avg High Temp
76.6°F
Sales Tax
7.5%
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