Hanahan, SC

Average · 101

South Carolina · Population 21,119 · Updated March 2026

$1,324
Median Rent / Month
$84,061
Median Income
$339,800
Median Home Value
$1,455
Owner Costs / Month

Affordability

How far your income goes in Hanahan

18.9%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

Tax Burden in South Carolina

State-level tax rates that affect your costs

6.4%
Income Tax (Top Rate)
6.0%
Sales Tax
0.57%
Property Tax Rate

Estimated Annual Costs

$15,888
Annual Rent
$5,380
State Income Tax
$1,937
Property Tax (est.)

Cost of Living Overview

Hanahan has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 101 (where 100 equals the national median), Hanahan residents can expect to pay median rent of $1,324/month while earning a median household income of $84,061/year.

The median home value in Hanahan, SC is $339,800, with typical monthly owner costs around $1,455 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.9% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

South Carolina has a moderate income tax rate of 6.4%. Combined with a 6.0% sales tax rate and 0.57% effective property tax rate, the overall tax environment is a factor in the total cost of living in Hanahan.

Frequently Asked Questions

Common questions about living costs in Hanahan

What is the cost of living in Hanahan, SC?
The cost of living index in Hanahan, SC is 101 (US average = 100). Median monthly rent is $1,324, median household income is $84,061/year, and the median home value is $339,800.
Is Hanahan, SC affordable?
No, Hanahan is more expensive than the national average with a cost index of 101. The rent-to-income ratio is 18.9%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Hanahan, SC?
The median gross rent in Hanahan, SC is $1,324 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $15,888.
What is the median household income in Hanahan?
The median household income in Hanahan, SC is $84,061 per year. This compares to the national median of approximately $80,000.
What are the taxes like in South Carolina?
South Carolina has a top income tax rate of 6.4%, a sales tax of 6.0%, and an effective property tax rate of 0.57%.