Conway, SC Cost Of Living
Cost Of Living In Conway, SC Summary
Cost of living in Conway research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Conway is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in South Carolina, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Conway is 97, with 100 being the average.
The cost of living index in Conway is 1.0x lower than the national average.
Conway ranks as the #55 cheapest in South Carolina out of 99.
Conway ranks as the #2,245 cheapest out of 6,489 in the US.
The median home value in Conway is $287,549.
The median income in Conway is $54,841.
Table Of Contents
Conway's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Conway, SC?
According to the most recent data on the cost of living, Conway has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to South Carolina, Conway has a cost of living index that's 1.0x higher than South Carolina's index of 93.
The standard of living in Conway ranks as #55 most affordable out of the 99 places we measured in South Carolina. By definition, that implies Conway ranks as the #44 most expensive place in the Palmetto State.
For more reading on life in Conway, check out:
In South Carolina
In America
Conway Cost Of Living Vs. South Carolina
Six factors go into calculating the cost of living index in Conway. Here is how it fairs on each of the criteria:
The Services index in Conway is 98.
The Groceries index in Conway is 101.
The Health index in Conway is 91.
The Housing index in Conway is 88.
The Transportation index in Conway is 89.
The Utilities index in Conway is 120.
| Living Expense | Conway | South Carolina | National Average | |
|---|---|---|---|---|
| Overall | 97 | 93 | 100 | |
| Services | 98 | 102 | 100 | |
| Groceries | 101 | 97 | 100 | |
| Health | 91 | 92 | 100 | |
| Housing | 88 | 81 | 100 | |
| Transportation | 89 | 92 | 100 | |
| Utilities | 120 | 109 | 100 | |
Conway, SC Housing Cost Breakdown
Housing swings affordability the most between places in South Carolina, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Conway is $287,549.
The Median Rent in Conway is $881.
The Median Income in Conway is $54,841.
The Home Value To Income in Conway is 5.2x.
The Rent To Monthly Income in Conway is 0.19x.
| Statistic | Conway | South Carolina | United States |
|---|---|---|---|
| Median Home Value | $287,549 | $302,294 | $303,400 |
| Median Rent | $881 | $1,126 | $1,348 |
| Median Income | $54,841 | $66,818 | $78,538 |
| Home Value To Income | 5.2x | 4.5x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Conway, SC Costs By Category
Detailed Conway Services Costs Vs. South Carolina
| Item | Conway | South Carolina |
|---|---|---|
| Shampoo | $1.38 | $1.28 |
| Movie | $11.3 | $12.13 |
| Bowling | $19.43 | $18 |
| Haircut | $26.38 | $24.26 |
| Beauty Salon | $56.15 | $45.56 |
Detailed Conway Groceries Costs Vs. South Carolina
| Item | Conway | South Carolina |
|---|---|---|
| Ground Beef | $6.22 | $5.84 |
| Fried Chicken | $1.67 | $1.57 |
| Milk | $4.59 | $4.67 |
| Potatoes | $5.51 | $4.93 |
| Pizza | $10.83 | $12.09 |
| Beer | $10.61 | $10.41 |
| Toothpaste | $3.77 | $3.7 |
Detailed Conway Health Costs Vs. South Carolina
| Item | Conway | South Carolina |
|---|---|---|
| Optometrist | $78.1 | $125.68 |
| Doctor | $137.5 | $135.78 |
| Dentist | $97.17 | $113.29 |
Detailed Conway Transportation Costs Vs. South Carolina
| Item | Conway | South Carolina |
|---|---|---|
| Gasoline | $3.18 | $3.46 |
| Tire Balancing | $46.64 | $59.92 |
Detailed Conway Utilities Costs Vs. South Carolina
| Item | Conway | South Carolina |
|---|---|---|
| All Electricity | $258.5 | $193.99 |
| Phone | $194.25 | $192.25 |
Conway SnackAbility
/10
Cost Of Living In Cities Around Conway
The cost of living varies in the cities and towns around Conway. Here's a quick look at the cost of living in the most populous nearby places:
Florence, SC has a cost of living index of 96, 1.0x Conway.
Myrtle Beach, SC has a cost of living index of 107, 1.1x Conway.
Socastee, SC has a cost of living index of 96, 1.0x Conway.
| City | Population | Cost Of Living | Vs. Conway |
|---|---|---|---|
| Florence, SC | 40,205 | 96 | 1.0x |
| Myrtle Beach, SC | 37,214 | 107 | 1.1x |
| Socastee, SC | 24,629 | 96 | 1.0x |
| North Myrtle Beach, SC | 19,343 | 110 | 1.1x |
| Red Hill, SC | 16,480 | 101 | 1.0x |
| Little River, SC | 10,457 | 100 | 1.0x |
| Murrells Inlet, SC | 10,087 | 111 | 1.1x |
| Georgetown, SC | 8,511 | 94 | 1.0x |
| Forestbrook, SC | 7,450 | 105 | 1.1x |
| Marion, SC | 6,338 | 90 | 0.9x |
