Cost of Living in Nichols, SC

With a cost of living index of 79, Nichols, SC is a very affordable place to live. Living here is 21% cheaper than the national average and 3% below the South Carolina state average of 82. Nichols is a small community of 195 residents.

The median household income in Nichols is $46,471, which is 38% lower than the national median of $75,149. 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 Nichols. The area sees an average annual temperature of 63.5°F, with summers averaging 80°F and winters around 47°F. Annual rainfall totals 42.6 inches spread over roughly 118 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Myrtle Beach-Conway-North Myrtle Beach, 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.