States › South Carolina › Hanahan

Is Hanahan, SC expensive to live in?

OKRent takes 25 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,94011% higher than U.S. average
💵 Families earn per year (2026)$94,891about $7,908/month · 9% higher than U.S. average
🔑 House price$374,80013% higher than U.S. average

Rent is higher than in 66% of U.S. cities. A typical house costs about 3.9 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $77,600 a year. That is $37 an hour at a full-time job.

Is rent cheaper than other South Carolina cities?

No. Rent here is more expensive than in most of South Carolina. It is number 88 of 101 cities from cheapest to most expensive.

Hanahan
$1,940
Wade Hampton
$1,311
Greenwood
$1,088
St. Andrews
$1,214
North Myrtle Beach
$1,386
Socastee
$1,818
Taylors
$1,356

How much do households earn in Hanahan?

Under $25k
13.6%
$25k–50k
14.1%
$50k–100k
35.3%
$100k–150k
22.8%
$150k+
10.7%

Share of households by yearly income. 33.5% of households earn $100,000 or more.

Rent by apartment size in Hanahan

SizeHanahanU.S. average
Studio$1,353$1,338
1 bedroom$1,243$1,324
2 bedrooms$1,411$1,509
3 bedrooms$2,120$1,698
4 bedrooms$2,767$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Hanahan overall?

Everyday prices in South Carolina overall are 6% below the U.S. average (index 93.7, U.S. = 100).

Housing
80
Goods (food, clothes…)
96
Utilities
88
Other services
98
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Hanahan, so the South Carolina figure is shown.

Taxes and bills in Hanahan

🏛️ Property tax$1,467a year · 0.39% of home value · U.S. $3,119
⚡ Electric bill$201a month (typical) · U.S. $156

Life in Hanahan

Commute to work23.9 minU.S.: 26.4 min
College degree38.2%U.S.: 35.7%
Own their home68.1%U.S.: 65.2%
Below poverty line11.7%U.S.: 12.5%
Unemployment2.5%U.S.: 5.2%

Is it cheaper to rent or buy in Hanahan?

Renting is cheaper right now: about $661 a month less.

Renting
$1,940
Owning
$2,601

Owning assumes a typical $374,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $37,480 for the down payment.

Frequently asked questions

What is the average rent in Hanahan, SC?

Renting in Hanahan costs a median of about $1,940 a month in 2026, including utilities. The South Carolina median is $1,479.

How much do I need to make to live in Hanahan?

To keep rent under 30% of income, you need about $77,600 a year, or $37 an hour at a full-time job.

Is Hanahan cheap or expensive?

Hanahan is rated OK: rent takes 24.5% of the typical household income of $94,891. It ranks 88th cheapest of 101 South Carolina cities we track.

How much are property taxes in Hanahan?

The median homeowner in Hanahan pays $1,467 a year in property taxes, about 0.39% of the median home value.

Is Hanahan more expensive than the national average?

Overall prices in South Carolina are 6% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Hanahan?

The median home value in Hanahan is $374,800, about 3.9 times the typical yearly household income.

21,452 people live in Hanahan. Numbers are typical (middle) values.