The cost of living in Folly Beach, SC, is notably higher than the nationwide average, with a cost of living index of 111. This means that overall, expenses are about 11% higher than the national average of 100. Housing stands out with an index of 135, which is 35% higher than the average. Utilities are slightly below average at 95, representing a 5% reduction. This shows that while some costs in Folly Beach remain competitive, housing expenses significantly impact the overall living costs.
The cost of living in Folly Beach, SC, presents some differences when compared to the nationwide average, which is set at 100. In Folly Beach, housing costs are notably higher, with an index of 135. This means housing in Folly Beach costs 35% more than the average across the country. People considering a move to Folly Beach should budget accordingly for housing expenses.
When examining other costs, the differences are less pronounced but still present. For groceries, the index is 102, indicating a modest 2% increase over the national average. Utilities cost 5% less, with an index of 95. Transportation costs are slightly higher at 110, reflecting a 10% increase. Healthcare costs are lower in Folly Beach, with an index of 90, which means these expenses are 10% below the national average. Miscellaneous costs stand at 105, representing a modest 5% increase. Overall, while some areas show higher costs, others are lower, providing a mixed picture for potential residents.
