Gaffney, SC Cost Of Living
Cost Of Living In Gaffney, SC Summary
Cost of living in Gaffney 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 Gaffney 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 Gaffney is 87, with 100 being the average.
The cost of living index in Gaffney is 0.9x lower than the national average.
Gaffney ranks as the #9 cheapest in South Carolina out of 99.
Gaffney ranks as the #777 cheapest out of 6,489 in the US.
The median home value in Gaffney is $181,938.
The median income in Gaffney is $41,214.
Table Of Contents
Gaffney's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Gaffney, SC?
According to the most recent data on the cost of living, Gaffney has an overall cost of living index of 87, which is 0.9x lower than the national index of 100.
Compared to South Carolina, Gaffney has a cost of living index that's 0.9x lower than South Carolina's index of 93.
The standard of living in Gaffney ranks as #9 most affordable out of the 99 places we measured in South Carolina. By definition, that implies Gaffney ranks as the #90 most expensive place in the Palmetto State.
For more reading on life in Gaffney, check out:
In South Carolina
In America
Gaffney Cost Of Living Vs. South Carolina
Six factors go into calculating the cost of living index in Gaffney. Here is how it fairs on each of the criteria:
The Services index in Gaffney is 94.
The Groceries index in Gaffney is 99.
The Health index in Gaffney is 98.
The Housing index in Gaffney is 63.
The Transportation index in Gaffney is 99.
The Utilities index in Gaffney is 95.
| Living Expense | Gaffney | South Carolina | National Average | |
|---|---|---|---|---|
| Overall | 87 | 93 | 100 | |
| Services | 94 | 102 | 100 | |
| Groceries | 99 | 97 | 100 | |
| Health | 98 | 92 | 100 | |
| Housing | 63 | 81 | 100 | |
| Transportation | 99 | 92 | 100 | |
| Utilities | 95 | 109 | 100 | |
Gaffney, 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 Gaffney is $181,938.
The Median Rent in Gaffney is $822.
The Median Income in Gaffney is $41,214.
The Home Value To Income in Gaffney is 4.4x.
The Rent To Monthly Income in Gaffney is 0.24x.
| Statistic | Gaffney | South Carolina | United States |
|---|---|---|---|
| Median Home Value | $181,938 | $302,294 | $303,400 |
| Median Rent | $822 | $1,126 | $1,348 |
| Median Income | $41,214 | $66,818 | $78,538 |
| Home Value To Income | 4.4x | 4.5x | 3.9x |
| Rent To Monthly Income | 0.24x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Gaffney, SC Costs By Category
Detailed Gaffney Services Costs Vs. South Carolina
| Item | Gaffney | South Carolina |
|---|---|---|
| Shampoo | $1.38 | $1.28 |
| Movie | $12.15 | $12.13 |
| Bowling | $16.41 | $18 |
| Haircut | $25.1 | $24.26 |
| Beauty Salon | $45.93 | $45.56 |
Detailed Gaffney Groceries Costs Vs. South Carolina
| Item | Gaffney | South Carolina |
|---|---|---|
| Ground Beef | $5.46 | $5.84 |
| Fried Chicken | $1.67 | $1.57 |
| Milk | $4.58 | $4.67 |
| Potatoes | $5.5 | $4.93 |
| Pizza | $10.64 | $12.09 |
| Beer | $10.46 | $10.41 |
| Toothpaste | $3.67 | $3.7 |
Detailed Gaffney Health Costs Vs. South Carolina
| Item | Gaffney | South Carolina |
|---|---|---|
| Optometrist | $108.14 | $125.68 |
| Doctor | $131.8 | $135.78 |
| Dentist | $103.51 | $113.29 |
Detailed Gaffney Transportation Costs Vs. South Carolina
| Item | Gaffney | South Carolina |
|---|---|---|
| Gasoline | $3.16 | $3.46 |
| Tire Balancing | $67.1 | $59.92 |
Detailed Gaffney Utilities Costs Vs. South Carolina
| Item | Gaffney | South Carolina |
|---|---|---|
| All Electricity | $171.72 | $193.99 |
| Phone | $191.25 | $192.25 |
Gaffney SnackAbility
/10
Cost Of Living In Cities Around Gaffney
The cost of living varies in the cities and towns around Gaffney. Here's a quick look at the cost of living in the most populous nearby places:
Charlotte, NC has a cost of living index of 110, 1.3x Gaffney.
Huntersville, NC has a cost of living index of 119, 1.4x Gaffney.
Mauldin, SC has a cost of living index of 100, 1.1x Gaffney.
| City | Population | Cost Of Living | Vs. Gaffney |
|---|---|---|---|
| Charlotte, NC | 886,283 | 110 | 1.3x |
| Huntersville, NC | 62,458 | 119 | 1.4x |
| Mauldin, SC | 25,985 | 100 | 1.1x |
| Simpsonville, SC | 25,125 | 99 | 1.1x |
| Taylors, SC | 23,686 | 98 | 1.1x |
| Wade Hampton, SC | 20,703 | 101 | 1.2x |
| Five Forks, SC | 19,093 | 125 | 1.4x |
| Hendersonville, NC | 15,253 | 100 | 1.1x |
| Tega Cay, SC | 13,267 | 129 | 1.5x |
| Marvin, NC | 6,542 | 180 | 2.1x |
