States › South Carolina › Socastee

Is Socastee, SC expensive to live in?

ExpensiveRent takes 32 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,8184% higher than U.S. average
💵 Families earn per year (2026)$67,144about $5,595/month · 23% lower than U.S. average
🔑 House price$234,20030% lower than U.S. average

Rent is higher than in 58% of U.S. cities. A typical house costs about 3.5 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $72,720 a year. That is $35 an hour at a full-time job.

Is rent cheaper than other South Carolina cities?

No. Rent here is more expensive than in most of South Carolina. It is number 83 of 101 cities from cheapest to most expensive.

Socastee
$1,818
Taylors
$1,356
Lexington
$1,814
Easley
$1,588
Greenwood
$1,088
North Augusta
$1,573
Simpsonville
$1,691

How much do households earn in Socastee?

Under $25k
14.3%
$25k–50k
30.2%
$50k–100k
34.4%
$100k–150k
11.3%
$150k+
6.3%

Share of households by yearly income. 17.6% of households earn $100,000 or more.

Rent by apartment size in Socastee

SizeSocasteeU.S. average
1 bedroom$1,181$1,324
2 bedrooms$1,380$1,509
3 bedrooms$1,284$1,698
4 bedrooms$1,297$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Socastee overall?

Everyday prices in South Carolina overall are 6% below the U.S. average (index 93.7, U.S. = 100).

Housing
80
Goods (food, clothes…)
96
Utilities
88
Other services
98
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Socastee, so the South Carolina figure is shown.

Taxes and bills in Socastee

🏛️ Property tax$754a year · 0.32% of home value · U.S. $3,119
⚡ Electric bill$168a month (typical) · U.S. $156

Life in Socastee

Commute to work20.6 minU.S.: 26.4 min
College degree21.8%U.S.: 35.7%
Own their home65.9%U.S.: 65.2%
Below poverty line12.6%U.S.: 12.5%
Unemployment3.5%U.S.: 5.2%

Is it cheaper to rent or buy in Socastee?

Buying is cheaper month to month: about $193 a month less than renting.

Renting
$1,818
Owning
$1,625

Owning assumes a typical $234,200 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $23,420 for the down payment.

Frequently asked questions

What is the average rent in Socastee, SC?

Renting in Socastee costs a median of about $1,818 a month in 2026, including utilities. The South Carolina median is $1,479.

How much do I need to make to live in Socastee?

To keep rent under 30% of income, you need about $72,720 a year, or $35 an hour at a full-time job.

Is Socastee cheap or expensive?

Socastee is rated Expensive: rent takes 32.5% of the typical household income of $67,144. It ranks 83rd cheapest of 101 South Carolina cities we track.

How much are property taxes in Socastee?

The median homeowner in Socastee pays $754 a year in property taxes, about 0.32% of the median home value.

Is Socastee more expensive than the national average?

Overall prices in South Carolina are 6% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Socastee?

The median home value in Socastee is $234,200, about 3.5 times the typical yearly household income.

23,796 people live in Socastee. Numbers are typical (middle) values.