Forest Acres, SC Cost Of Living
Cost Of Living In Forest Acres, SC Summary
Cost of living in Forest Acres research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Forest Acres is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in South Carolina, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Forest Acres is 103, with 100 being the average.
The cost of living index in Forest Acres is 1.0x higher than the national average.
Forest Acres ranks as the #74 cheapest in South Carolina out of 99.
Forest Acres ranks as the #2,952 cheapest out of 6,489 in the US.
The median home value in Forest Acres is $322,946.
The median income in Forest Acres is $76,417.
Table Of Contents
Forest Acres's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Forest Acres, SC?
According to the most recent data on the cost of living, Forest Acres has an overall cost of living index of 103, which is 1.0x higher than the national index of 100.
Compared to South Carolina, Forest Acres has a cost of living index that's 1.1x higher than South Carolina's index of 93.
The standard of living in Forest Acres ranks as #74 most affordable out of the 99 places we measured in South Carolina. By definition, that implies Forest Acres ranks as the #25 most expensive place in the Palmetto State.
For more reading on life in Forest Acres, check out:
In South Carolina
In America
Forest Acres Cost Of Living Vs. South Carolina
Six factors go into calculating the cost of living index in Forest Acres. Here is how it fairs on each of the criteria:
The Services index in Forest Acres is 98.
The Groceries index in Forest Acres is 98.
The Health index in Forest Acres is 85.
The Housing index in Forest Acres is 106.
The Transportation index in Forest Acres is 83.
The Utilities index in Forest Acres is 133.
| Living Expense | Forest Acres | South Carolina | National Average | |
|---|---|---|---|---|
| Overall | 103 | 93 | 100 | |
| Services | 98 | 102 | 100 | |
| Groceries | 98 | 97 | 100 | |
| Health | 85 | 92 | 100 | |
| Housing | 106 | 81 | 100 | |
| Transportation | 83 | 92 | 100 | |
| Utilities | 133 | 109 | 100 | |
Forest Acres, SC Housing Cost Breakdown
Housing swings affordability the most between places in South Carolina, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2019-2023. The key points are:
The Median Home Value in Forest Acres is $322,946.
The Median Rent in Forest Acres is $1,182.
The Median Income in Forest Acres is $76,417.
The Home Value To Income in Forest Acres is 4.2x.
The Rent To Monthly Income in Forest Acres is 0.19x.
| Statistic | Forest Acres | South Carolina | United States |
|---|---|---|---|
| Median Home Value | $322,946 | $302,294 | $303,400 |
| Median Rent | $1,182 | $1,126 | $1,348 |
| Median Income | $76,417 | $66,818 | $78,538 |
| Home Value To Income | 4.2x | 4.5x | 3.9x |
| Rent To Monthly Income | 0.19x | 0.2x | 0.21x |
Median Home Value
Median Rent
Median Income
Forest Acres, SC Costs By Category
Detailed Forest Acres Services Costs Vs. South Carolina
| Item | Forest Acres | South Carolina |
|---|---|---|
| Shampoo | $1.33 | $1.28 |
| Movie | $12.93 | $12.13 |
| Bowling | $24.33 | $18 |
| Haircut | $20.75 | $24.26 |
| Beauty Salon | $30.56 | $45.56 |
Detailed Forest Acres Groceries Costs Vs. South Carolina
| Item | Forest Acres | South Carolina |
|---|---|---|
| Ground Beef | $6.15 | $5.84 |
| Fried Chicken | $1.67 | $1.57 |
| Milk | $4.61 | $4.67 |
| Potatoes | $5.5 | $4.93 |
| Pizza | $10.35 | $12.09 |
| Beer | $10.53 | $10.41 |
| Toothpaste | $3.65 | $3.7 |
Detailed Forest Acres Health Costs Vs. South Carolina
| Item | Forest Acres | South Carolina |
|---|---|---|
| Optometrist | $59.0 | $125.68 |
| Doctor | $150.0 | $135.78 |
| Dentist | $78.33 | $113.29 |
Detailed Forest Acres Transportation Costs Vs. South Carolina
| Item | Forest Acres | South Carolina |
|---|---|---|
| Gasoline | $3.22 | $3.46 |
| Tire Balancing | $32.03 | $59.92 |
Detailed Forest Acres Utilities Costs Vs. South Carolina
| Item | Forest Acres | South Carolina |
|---|---|---|
| All Electricity | $290.58 | $193.99 |
| Phone | $192.75 | $192.25 |
Forest Acres SnackAbility
/10
Cost Of Living In Cities Around Forest Acres
The cost of living varies in the cities and towns around Forest Acres. Here's a quick look at the cost of living in the most populous nearby places:
Columbia, SC has a cost of living index of 99, 1.0x Forest Acres.
Lexington, SC has a cost of living index of 102, 1.0x Forest Acres.
St. Andrews, SC has a cost of living index of 89, 0.9x Forest Acres.
| City | Population | Cost Of Living | Vs. Forest Acres |
|---|---|---|---|
| Columbia, SC | 138,019 | 99 | 1.0x |
| Lexington, SC | 24,132 | 102 | 1.0x |
| St. Andrews, SC | 20,953 | 89 | 0.9x |
| West Columbia, SC | 17,723 | 95 | 0.9x |
| Seven Oaks, SC | 15,990 | 97 | 0.9x |
| Dentsville, SC | 15,396 | 91 | 0.9x |
| Cayce, SC | 13,718 | 96 | 0.9x |
| Oak Grove, SC | 12,031 | 97 | 0.9x |
| Irmo, SC | 11,799 | 96 | 0.9x |
| Red Bank, SC | 10,950 | 94 | 0.9x |
