Living in Socastee, South Carolina
Cost of living, income, home prices, rent and demographics of Socastee · Census data 2020–2024
Socastee has 23,796 residents with a median age of 43.3. The median household income is $62,257 (10% lower than the South Carolina median), the median home value is $234,200, the median rent is $1,246/month.
Socastee at a glance
- Population
- 23,796
- Median age
- 43.3State: 40.2
- Median household income
- $62,257State: $69,324
- Median home value
- $234,200State: $259,000
- Median rent
- $1,246/moState: $1,180
- Homeowners
- 65.9%
- Bachelor's degree or higher
- 21.8%
- Average commute
- 21 min
Is Socastee a good place to live?
Pros: Home values 10% lower than the state median; an average commute of 21 minutes; unemployment of 3.5%; a poverty rate of 12.6%.
Cons: Median household income 10% lower than the South Carolina median.
The weather is best in April–May and October–November.
Cost of living in Socastee
Housing is the biggest part of the cost of living. In Socastee the median home value is $234,200, 30% lower than the U.S. median. Renters pay a median of $1,246 per month, which is 27.2% of household income. Homeowners with a mortgage pay $1,358 a month in housing costs.
Socastee median household income
The median household income in Socastee is $62,257 and the income per person is $33,347. 12.6% of residents live below the poverty line (South Carolina: 14.1%).
Housing in Socastee: homes for sale and rent
- Housing units
- 10,012
- Owner-occupied
- 65.9%
- Renter-occupied
- 34.1%
- Vacant
- 8.8%Includes seasonal homes
- Median year built
- 1995
- Average household size
- 2.60
Socastee demographics
- Population
- 23,796
- Median age
- 43.3
- Under 18
- 18.7%
- 65 and older
- 20.8%
- Households
- 9,131
- Foreign-born
- 9.7%
- Veterans
- 10.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Socastee ›
Education in Socastee
21.8% of adults 25 and older in Socastee have a bachelor's degree or higher (South Carolina: 32.1%), and 5.4% have a graduate or professional degree.
Jobs and commute in Socastee
- Unemployment rate
- 3.5%State: 4.9%
- Average commute
- 21 minState: 26 min
- Work from home
- 8.7%
- Drive alone
- 79.7%
- Public transit
- 0%
- Walk to work
- 1.5%
- Homes with broadband
- 91.6%
Socastee vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Socastee | 23,796 | $62,257 | $234,200 | $1,246 |
| Forestbrook | 7,479 | $81,286 | $335,800 | $814 |
| Surfside Beach | 4,270 | $70,106 | $450,100 | $1,274 |
| Red Hill | 15,920 | $68,250 | $249,500 | $1,179 |
| Garden City | 11,591 | $47,249 | $217,400 | $1,472 |
| Myrtle Beach | 38,371 | $60,394 | $388,800 | $1,261 |
| Carolina Forest | 26,263 | $74,436 | $336,800 | $1,668 |
| Murrells Inlet | 10,044 | $77,438 | $366,000 | $1,751 |
| Conway | 27,263 | $56,650 | $260,900 | $866 |
More for people moving to Socastee
Socastee ZIP code ›Weather and climate ›Living in Socastee: FAQ
What is the median household income in Socastee, SC?
The median household income in Socastee is $62,257, 10% lower than the South Carolina median of $69,324 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Socastee?
The median home value in Socastee is $234,200, compared with $259,000 in South Carolina.
How much is rent in Socastee?
The median gross rent in Socastee is $1,246 per month, about 27.2% of household income.
Is Socastee, SC a good place to live?
Pluses: home values 10% lower than the state median; an average commute of 21 minutes; unemployment of 3.5%; a poverty rate of 12.6%. Minuses: median household income 10% lower than the South Carolina median.
What is the median age in Socastee?
The median age in Socastee is 43.3 years (South Carolina: 40.2).
How long is the commute in Socastee?
The average commute to work in Socastee is 21 minutes; 8.7% of workers work from home.
What is the unemployment rate in Socastee?
The unemployment rate in Socastee is 3.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Socastee?
21.8% of adults in Socastee have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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