Laurel Bay, SC Cost Of Living

Demographics | Cost Of Living
Updated: 2020-03-08
Laurel Bay's Overall Cost Of Living
Lower Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Laurel Bay is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Laurel Bay, SC?

According to the most recent data on the cost of living, Laurel Bay has an overall cost of living index of 97 which is 1.0x lower than the national index of 100.

Compared to only South Carolina, Laurel Bay has a cost of living index that's 1.0x higher than South Carolina's index of 94.

The standard of living in Laurel Bay ranks as #2809 most affordable out of the 6522 places we measured in South Carolina. By definition, that implies Laurel Bay ranks as the #3597 most expensive place in the Palmetto State.

For more reading on life in Laurel Bay, check out:

Laurel Bay Cost Of Living Vs. South Carolina

Living Expense Laurel Bay South Carolina National Average
Overall 97 94 100
Services 106 102 100
Groceries 103 102 100
Health 99 95 100
Housing 81 80 100
Transportation 96 90 100
Utilities 105 107 100
For more reading on cost of living around South Carolina, check out:
Laurel Bay Cost of Living Vs. SC

Laurel Bay, SC Housing Cost Breakdown

Housing swings affordability the most between places in South Carolina, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

Median Home Value
Median Rent
Median Income
Statistic Laurel Bay South Carolina United States
Median Home Value $134,600 $154,800 $204,900
Median Rent $1,171 $868 $1,023
Median Income $41,788 $51,015 $60,293
Home Value To Income 3.2x 3.0x 3.4x
Rent To Monthly Income 0.34x 0.2x 0.2x

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Cost Of Living In Cities Around Laurel Bay

City Population Cost Of Living Vs. Laurel Bay
Hilton Head Island, SC 39,820 134 1.4x
Bluffton, SC 18,835 111 1.1x
Beaufort, SC 13,336 103 1.1x
Port Royal, SC 12,446 106 1.1x
Burton, SC 8,199 95 1.0x
Hardeeville, SC 5,836 111 1.1x

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