Cost of Living in Ravenel, SC
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
110.6
100 = national avg
+10.6 vs national average
Living Wage (1 Adult)
$48,669
per year
Living Wage (Family of 4)
$115,036
per year
Cost Index by Category
Housing115.9
Food105.3
Transportation110.6
Healthcare104.2
Utilities106.4
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,630
per month
2 Bedroom
$1,787
per month
The overall cost of living index in Ravenel is 110.6, which is 10.6% above the national average. Housing costs are above the national average at an index of 115.9. A single adult needs to earn approximately $48,669 per year to cover basic expenses.