Cost of Living in Hickory Grove, SC

With a cost of living index of 78, Hickory Grove, SC is a very affordable place to live. Living here is 22% cheaper than the national average and 4% below the South Carolina state average of 82. Hickory Grove is a small community of 559 residents.

Housing costs are the biggest factor in Hickory Grove's cost of living. The median monthly rent is $1,118 (15% below the US median of $1,319), and the median home value sits at $119,400 (61% below the national median of $304,900). At current prices, the median home costs roughly 1.9x the median household income — well within traditional affordability guidelines.

The median household income in Hickory Grove is $61,250, which is 18% lower than the national median of $75,149. Residents spend roughly 22% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.

Climate is another factor for anyone considering a move to Hickory Grove. The area sees an average annual temperature of 61°F, with summers averaging 78°F and winters around 44°F. Annual rainfall totals 42.4 inches spread over roughly 125 days.

Everyday prices in the Charlotte-Concord-Gastonia, NC-SC (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.