Cost of Living in Hilton head island, SC
Housing
The housing market plays a significant role in determining the cost of living in Hilton head island, SC.
- Housing Index: 125.0 / 100
- Median Home Price is: $590,000
- Average Rent (2 BR Apartment): $2400 per month
- Average Rent (2 BR House): $2500 per month
Considering your potential move to Hilton head island, SC, the data indicates a housing index of 125.0, reflecting a higher-than-average cost of living. The median home price registers at 590000, which is quite significant and suggests that homeownership may require a substantial financial investment. Conversely, the average rent for a 2-bedroom apartment stands at 2400, while a 2-bedroom house averages 2500. It's advisable to assess both renting and buying options carefully, keeping in mind the expenses beyond housing, such as utilities and local amenities, which could impact your overall budget.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Hilton head island, SC.
- Electricity Price: $14.18 USD (median by state)
- Natural Gas Price: $23.51 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $250 per month
Living in Hilton head island, SC could entail higher utility costs. Electricity costs sit at $14.18, while natural gas is priced at $23.51 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $250 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Hilton head island is a financially viable option for your relocation.