What is the cost of living in Socastee, SC?
According to the most recent data on the cost of living, Socastee has an overall cost of living index of 97, which is 1.0x lower than the national index of 100.
Compared to South Carolina, Socastee has a cost of living index that's 1.1x higher than South Carolina's index of 92.
The standard of living in Socastee ranks as #51 most affordable out of the 98 places we measured in South Carolina. By definition, that implies Socastee ranks as the #47 most expensive place in the Palmetto State.
For more reading on life in Socastee, check out:
Socastee Cost Of Living Vs. South Carolina
Six factors go into calculating the cost of living index in Socastee. Here is how it fares on each of the criteria:
The Services index in Socastee is 102.
The Groceries index in Socastee is 95.
The Health index in Socastee is 98.
The Housing index in Socastee is 98.
The Transportation index in Socastee is 98.
The Utilities index in Socastee is 99.
| Living Expense | Socastee | South Carolina | National Average |
|---|---|---|---|
| Overall | 97 | 92 | 100 |
| Services | 102 | 97 | 100 |
| Groceries | 95 | 96 | 100 |
| Health | 98 | 82 | 100 |
| Housing | 98 | 101 | 100 |
| Transportation | 98 | 101 | 100 |
| Utilities | 99 | 97 | 100 |
Socastee Cost Of Living Compared To South Carolina Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around South Carolina, check out:
- Most Expensive Cities In South Carolina
- Most Affordable Cities In South Carolina
- Average Rent In South Carolina
Source: Cost-of-living index 2026, normalized to US average = 100
Socastee, 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 2020-2024. The key points are:
The Median Home Value in Socastee is $274,966.
The Median Rent in Socastee is $1,246.
The Median Income in Socastee is $62,257.
The Home Value To Income in Socastee is 4.4x.
The Rent To Monthly Income in Socastee is 0.24x.
| Statistic | Socastee | South Carolina | United States |
|---|---|---|---|
| Median Home Value | $274,966 | $304,083 | $332,700 |
| Median Rent | $1,246 | $1,180 | $1,413 |
| Median Income | $62,257 | $69,324 | $80,734 |
| Home Value To Income | 4.4x | 4.4x | 4.1x |
| Rent To Monthly Income | 0.24x | 0.2x | 0.21x |
Socastee, SC Costs By Category
Detailed Socastee Services costs vs. South Carolina
| Item | Socastee | South Carolina |
|---|---|---|
| Shampoo | $1.38 | $1.28 |
| Movie | $11.3 | $12.13 |
| Bowling | $19.43 | $18 |
| Haircut | $26.38 | $24.26 |
| Beauty Salon | $56.15 | $45.56 |
Detailed Socastee Groceries costs vs. South Carolina
| Item | Socastee | South Carolina |
|---|---|---|
| Ground Beef | $6.22 | $5.84 |
| Fried Chicken | $1.67 | $1.57 |
| Milk | $4.59 | $4.67 |
| Potatoes | $5.51 | $4.93 |
| Pizza | $10.83 | $12.09 |
| Beer | $10.61 | $10.41 |
| Toothpaste | $3.77 | $3.7 |
Detailed Socastee Health costs vs. South Carolina
| Item | Socastee | South Carolina |
|---|---|---|
| Optometrist | $78.1 | $125.68 |
| Doctor | $137.5 | $135.78 |
| Dentist | $97.17 | $113.29 |
Detailed Socastee Transportation costs vs. South Carolina
| Item | Socastee | South Carolina |
|---|---|---|
| Gasoline | $3.18 | $3.46 |
| Tire Balancing | $46.64 | $59.92 |
Detailed Socastee Utilities costs vs. South Carolina
| Item | Socastee | South Carolina |
|---|---|---|
| All Electricity | $258.5 | $193.99 |
| Phone | $194.25 | $192.25 |
Socastee SnackAbility
Cost Of Living In Cities Around Socastee
The cost of living varies in the cities and towns around Socastee. Here's a quick look at the cost of living in the most populous nearby places:
Myrtle Beach, SC has a cost of living index of 106, 1.1x Socastee.
Conway, SC has a cost of living index of 94, 1.0x Socastee.
North Myrtle Beach, SC has a cost of living index of 113, 1.2x Socastee.
| City | Population | Cost Of Living | Vs. Socastee |
|---|---|---|---|
| Myrtle Beach, SC | 38,371 | 106 | 1.1x |
| Conway, SC | 27,263 | 94 | 1.0x |
| North Myrtle Beach, SC | 19,855 | 113 | 1.2x |
| Red Hill, SC | 15,920 | 99 | 1.0x |
| Murrells Inlet, SC | 10,044 | 108 | 1.1x |
| Forestbrook, SC | 7,479 | 102 | 1.1x |
