Median Income
$54,405
household / year
Median Home Value
$201,100
owner-occupied
Median Rent
$1,132
gross / month
Cost of Living
96
national avg = 100

Is Socastee, SC a Good Place to Live?

Socastee is a small city of 24,464 in South Carolina, with a median household income of $54,405 and a 5.5% unemployment rate. Its cost of living index is 96 (US average = 100), which is 4% below the national average.

Strengths: Socastee stands out for an affordable cost of living, below-average home prices, solid school ratings (B-), short average commutes.

Trade-offs: Potential downsides include an elevated unemployment rate. Whether Socastee is right for you depends on your priorities — the full breakdown is below.

All Socastee city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 96.3

Socastee's overall cost of living index is 96.3, where 100 represents the US national average. Living in Socastee costs roughly 4% less than the average American city.

Metric Socastee, SC National Avg
Median Home Value $201,100 $244,900
Median Monthly Rent $1,132 $1,163
Homeownership Rate 66.4% 65.9%
Median Household Income $54,405 $74,755

Crime & Safety

Near National Average

Socastee's violent crime rate is 423.9 per 100,000 residents — 12% higher than the national average of ~380 per 100,000.

Violent Crime
423.9 /100k
Property Crime
2341.0 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Socastee is served primarily by Horry 01. The student-to-teacher ratio is 14.5:1 (better than the national average of ~16:1).

Metric Socastee, SC National Avg
School District Horry 01 —
Elementary Schools 30 —
Middle Schools 13 —
High Schools 14 —
Student/Teacher Ratio 14.5:1 16:1
Bachelor's Degree or Higher 20.6% 35.4%
High School Diploma or Higher 87.5% 91.1%

Weather & Climate

Socastee sees average highs of 58.1°F in January and 90.8°F in July, with 55.5 inches of annual precipitation and 0.5 inches of snow per year.

MetricSocastee, SC
Average High — January58.1°F
Average High — July90.8°F
Annual Precipitation55.5"
Annual Snowfall0.5"

Demographics

MetricSocastee, SCNational Avg
Population24,464—
Median Age42.638.9
Unemployment Rate5.5%3.7%
Avg Commute Time20.7 min26 min
White (non-Hispanic)75.8%59.3%
Black or African American5.5%13.6%
Hispanic or Latino10.2%18.9%
Asian1.5%6.3%
Under 1819.4%22.2%
65 and over20.8%16.8%

Nearby Cities

ZIP Codes in Socastee

Socastee, SC is covered by 1 ZIP code:

Socastee vs Other Cities

Frequently Asked Questions

Socastee's cost of living index is 96, where 100 is the national average. That makes Socastee roughly 4% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $201,100 and median rent is $1,132/month.
Socastee's violent crime rate is 423.9 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 2341.0 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Socastee are operated by Horry 01. The district has 30 elementary, 13 middle, and 14 high schools. The student-to-teacher ratio is 14.5:1. 20.6% of adults 25+ hold a bachelor's degree or higher.
Socastee, SC has a population of 24,464, a median household income of $54,405, and an unemployment rate of 5.5%. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Socastee averages 58.1°F in January and 90.8°F in July. Annual rainfall is 55.5 inches with about 0.5 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Socastee, SC is covered by 1 ZIP code: 29588.
The population of Socastee, South Carolina is 24,464 with a median age of 42.6. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Socastee: cost of living index 96 (100 = US average), median home $201,100, median household income $54,405, crime index 112 (100 = US average, lower is safer), schools rated B-. Whether these are benefits or drawbacks depends on where you're coming from — compare Socastee side by side with your current city to see the trade-offs.