Moncks Corner, SC Cost Of Living
Cost Of Living In Moncks Corner, SC Summary
Cost of living in Moncks Corner 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 Moncks Corner 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 Moncks Corner is 99, with 100 being the average.
The cost of living index in Moncks Corner is 1.0x lower than the national average.
Moncks Corner ranks as the #61 cheapest in South Carolina out of 99.
Moncks Corner ranks as the #2,497 cheapest out of 6,489 in the US.
The median home value in Moncks Corner is $361,089.
The median income in Moncks Corner is $91,516.
Table Of Contents
Moncks Corner's Overall Cost Of Living
Lower Than The National Average
What is the cost of living in Moncks Corner, SC?
According to the most recent data on the cost of living, Moncks Corner has an overall cost of living index of 99, which is 1.0x lower than the national index of 100.
Compared to South Carolina, Moncks Corner has a cost of living index that's 1.1x higher than South Carolina's index of 93.
The standard of living in Moncks Corner ranks as #61 most affordable out of the 99 places we measured in South Carolina. By definition, that implies Moncks Corner ranks as the #38 most expensive place in the Palmetto State.
For more reading on life in Moncks Corner, check out:
In South Carolina
In America
Moncks Corner Cost Of Living Vs. South Carolina
Six factors go into calculating the cost of living index in Moncks Corner. Here is how it fairs on each of the criteria:
The Services index in Moncks Corner is 95.
The Groceries index in Moncks Corner is 104.
The Health index in Moncks Corner is 89.
The Housing index in Moncks Corner is 105.
The Transportation index in Moncks Corner is 86.
The Utilities index in Moncks Corner is 122.
| Living Expense | Moncks Corner | South Carolina | National Average | |
|---|---|---|---|---|
| Overall | 99 | 93 | 100 | |
| Services | 95 | 102 | 100 | |
| Groceries | 104 | 97 | 100 | |
| Health | 89 | 92 | 100 | |
| Housing | 105 | 81 | 100 | |
| Transportation | 86 | 92 | 100 | |
| Utilities | 122 | 109 | 100 | |
Moncks Corner, 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 Moncks Corner is $361,089.
The Median Rent in Moncks Corner is $1,203.
The Median Income in Moncks Corner is $91,516.
The Home Value To Income in Moncks Corner is 3.9x.
The Rent To Monthly Income in Moncks Corner is 0.16x.
| Statistic | Moncks Corner | South Carolina | United States |
|---|---|---|---|
| Median Home Value | $361,089 | $302,294 | $303,400 |
| Median Rent | $1,203 | $1,126 | $1,348 |
| Median Income | $91,516 | $66,818 | $78,538 |
| Home Value To Income | 3.9x | 4.5x | 3.9x |
| Rent To Monthly Income | 0.16x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Moncks Corner, SC Costs By Category
Detailed Moncks Corner Services Costs Vs. South Carolina
| Item | Moncks Corner | 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 Moncks Corner Groceries Costs Vs. South Carolina
| Item | Moncks Corner | 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 Moncks Corner Health Costs Vs. South Carolina
| Item | Moncks Corner | South Carolina |
|---|---|---|
| Optometrist | $78.1 | $125.68 |
| Doctor | $137.5 | $135.78 |
| Dentist | $97.17 | $113.29 |
Detailed Moncks Corner Transportation Costs Vs. South Carolina
| Item | Moncks Corner | South Carolina |
|---|---|---|
| Gasoline | $3.18 | $3.46 |
| Tire Balancing | $46.64 | $59.92 |
Detailed Moncks Corner Utilities Costs Vs. South Carolina
| Item | Moncks Corner | South Carolina |
|---|---|---|
| All Electricity | $258.5 | $193.99 |
| Phone | $194.25 | $192.25 |
Moncks Corner SnackAbility
/10
Cost Of Living In Cities Around Moncks Corner
The cost of living varies in the cities and towns around Moncks Corner. Here's a quick look at the cost of living in the most populous nearby places:
North Charleston, SC has a cost of living index of 101, 1.0x Moncks Corner.
Summerville, SC has a cost of living index of 106, 1.1x Moncks Corner.
Goose Creek, SC has a cost of living index of 106, 1.1x Moncks Corner.
| City | Population | Cost Of Living | Vs. Moncks Corner |
|---|---|---|---|
| North Charleston, SC | 117,460 | 101 | 1.0x |
| Summerville, SC | 51,262 | 106 | 1.1x |
| Goose Creek, SC | 46,964 | 106 | 1.1x |
| Hanahan, SC | 21,119 | 111 | 1.1x |
| Ladson, SC | 16,261 | 101 | 1.0x |
| Sangaree, SC | 8,517 | 98 | 1.0x |
