Cost of Living in Socastee, SC
Population 23,796 · Census ACS 2020–2024 5-year estimates
The median rent in Socastee, SC is $1,246/month, 6% higher than the South Carolina median and 12% lower than the U.S. median. The median home value is $234,200, 30% lower than the national median. Households earn a median of $62,257 a year, 10% lower than the state median.
Affordability
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Socastee vs. South Carolina vs. U.S.
| Socastee | South Carolina | U.S. | |
|---|---|---|---|
| Median rent | $1,246 | $1,180 | $1,413 |
| Median home value | $234,200 | $259,000 | $332,700 |
| Median household income | $62,257 | $69,324 | $80,734 |
| Homeownership rate | 65.9% | 71.9% | 65.2% |
| Bachelor's degree or higher | 21.8% | 32.1% | 35.7% |
| Poverty rate | 12.6% | 14.1% | 12.5% |
| Unemployment rate | 3.5% | 4.9% | 5.2% |
| Work from home | 8.7% | 11.5% | 15.1% |
| Median age | 43.3 | 40.2 | 38.9 |
FAQ
What is the average rent in Socastee, SC?
The median gross rent in Socastee, SC is $1,246 per month (ACS 2020–2024 5-year estimate).
How much do I need to earn to live in Socastee, SC?
Using the common 30% rule, renting a median-priced home takes about $49,840 a year in gross income.
Is Socastee, SC expensive to live in?
Rent there is 12% lower than the U.S. median, and the median home costs about 3.8 times the median household income.
Other cities in South Carolina
Cities with a similar cost of living
Source: U.S. Census Bureau, American Community Survey 5-year estimates. Estimates have margins of error, especially for smaller places. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
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