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Cost of Living in Hilton Head Island, SC

Population 37,911 · Census ACS 2020–2024 5-year estimates

Median rent$1,479
Median home value$687,400
Median household income$94,657

The median rent in Hilton Head Island, SC is $1,479/month, 25% higher than the South Carolina median and 5% higher than the U.S. median. The median home value is $687,400, 107% higher than the national median. Households earn a median of $94,657 a year, 37% higher than the state median.

Affordability

Rent as a share of median income: 18.7%
Income needed for median rent (30% rule): $59,160/yr
Home price-to-income ratio: 7.3×
Est. mortgage on the median home (20% down, 6.5% for 30 yrs, principal + interest): $3,476/mo

Run your own numbers: mortgage calculator · hourly to salary

Hilton Head Island vs. South Carolina vs. U.S.

Hilton Head IslandSouth CarolinaU.S.
Median rent$1,479$1,180$1,413
Median home value$687,400$259,000$332,700
Median household income$94,657$69,324$80,734
Homeownership rate78.7%71.9%65.2%
Bachelor's degree or higher56.1%32.1%35.7%
Poverty rate8.6%14.1%12.5%
Unemployment rate3.0%4.9%5.2%
Work from home20.1%11.5%15.1%
Median age59.840.238.9

FAQ

What is the average rent in Hilton Head Island, SC?

The median gross rent in Hilton Head Island, SC is $1,479 per month (ACS 2020–2024 5-year estimate).

How much do I need to earn to live in Hilton Head Island, SC?

Using the common 30% rule, renting a median-priced home takes about $59,160 a year in gross income.

Is Hilton Head Island, SC expensive to live in?

Rent there is 5% higher than the U.S. median, and the median home costs about 7.3 times the median household income.

Other cities in South Carolina

Charleston, SCRent $1,722 · Income $92,414Columbia, SCRent $1,204 · Income $55,529North Charleston, SCRent $1,430 · Income $62,956Mount Pleasant, SCRent $2,159 · Income $124,755Rock Hill, SCRent $1,341 · Income $68,771Greenville, SCRent $1,312 · Income $71,472

Cities with a similar cost of living

Oakdale, MNRent $1,481 · Income $93,772Homewood, ALRent $1,463 · Income $94,485Richland, WARent $1,468 · Income $95,813Crystal, MNRent $1,467 · Income $92,513Villa Park, ILRent $1,438 · Income $95,015Merritt Island, FLRent $1,441 · Income $94,012

Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

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