Gaffney, SC Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2023-11-15

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 86, with 100 being the average.

  • The cost of living index in Gaffney is 0.9x lower than the national average.

  • Gaffney ranks as the #15 cheapest in South Carolina out of 99.

  • Gaffney ranks as the #938 cheapest out of 6,412 in the US.

  • The median home value in Gaffney is $106,200.

  • The median income in Gaffney is $33,514.

Table Of Contents

  1. Summary
  2. National Comparison
  3. Housing Breakdown
  4. Detailed Pricing
  5. Nearby Comparisons
86
Gaffney's Overall Cost Of Living
0.9x
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 86, 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 96.

The standard of living in Gaffney ranks as #15 most affordable out of the 99 places we measured in South Carolina. By definition, that implies Gaffney ranks as the #84 most expensive place in the Palmetto State.

For more reading on life in Gaffney, check out:

15 out of 99
In South Carolina
938 out of 6,412
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 100.

  • The Groceries index in Gaffney is 98.

  • The Health index in Gaffney is 109.

  • The Housing index in Gaffney is 58.

  • The Transportation index in Gaffney is 94.

  • The Utilities index in Gaffney is 97.

Living Expense Gaffney South Carolina National Average
Overall 86 96 100
Services 100 99 100
Groceries 98 100 100
Health 109 96 100
Housing 58 89 100
Transportation 94 90 100
Utilities 97 107 100
For more reading on cost of living around South Carolina, check out:
Gaffney Cost of Living Vs. SC

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 2017-2021. The key points are:

  • The Median Home Value in Gaffney is $106,200.

  • The Median Rent in Gaffney is $777.

  • The Median Income in Gaffney is $33,514.

  • The Home Value To Income in Gaffney is 3.2x.

  • The Rent To Monthly Income in Gaffney is 0.28x.

Statistic Gaffney South Carolina United States
Median Home Value $106,200 $181,800 $244,900
Median Rent $777 $970 $1,163
Median Income $33,514 $58,234 $69,021
Home Value To Income 3.2x 3.1x 3.5x
Rent To Monthly Income 0.28x 0.2x 0.2x
Search Homes For Sale In Gaffney, SC
$106,200
Median Home Value
$777
Median Rent
$33,514
Median Income

Gaffney, SC Costs By Category

Detailed Gaffney Services Costs Vs. South Carolina

Item Gaffney South Carolina
Shampoo $1.08 $1.06
Movie $8.73 $10.68
Bowling $16.22 $14.67
Haircut $18.76 $18.62
Beauty Salon $40.79 $39.05

Detailed Gaffney Groceries Costs Vs. South Carolina

Item Gaffney South Carolina
Ground Beef $4.21 $4.22
Fried Chicken $1.22 $1.39
Milk $1.57 $2.05
Potatoes $3.51 $3.29
Pizza $9.67 $10.62
Beer $10.45 $9.38
Toothpaste $2.3 $2.34

Detailed Gaffney Health Costs Vs. South Carolina

Item Gaffney South Carolina
Optometrist $110.68 $108.57
Doctor $115.7 $116.17
Dentist $115.91 $99.13

Detailed Gaffney Transportation Costs Vs. South Carolina

Item Gaffney South Carolina
Gasoline $2.05 $2.22
Tire Balancing $49.34 $50.07

Detailed Gaffney Utilities Costs Vs. South Carolina

Item Gaffney South Carolina
All Electricity $155.03 $167.67
Phone $184.31 $175.64

Gaffney SnackAbility

5
/10
Overall SnackAbility
Jobs
3/10
Housing
5
Affordability
5
Diversity
9
Safety
N/A
Amenities
8.5
Education
5
Commute
8.5

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 103, 1.2x Gaffney.

  • Huntersville, NC has a cost of living index of 113, 1.3x Gaffney.

  • Mauldin, SC has a cost of living index of 94, 1.1x Gaffney.

City Population Cost Of Living Vs. Gaffney
Charlotte, NC 864,871 103 1.2x
Huntersville, NC 60,166 113 1.3x
Mauldin, SC 24,735 94 1.1x
Taylors, SC 23,348 92 1.1x
Simpsonville, SC 23,190 94 1.1x
Wade Hampton, SC 20,879 94 1.1x
Five Forks, SC 19,158 113 1.3x
Hendersonville, NC 14,878 98 1.1x
Tega Cay, SC 12,336 117 1.4x
Marvin, NC 6,326 172 2.0x

Articles About South Carolina

Enjoy The Snack?