Cost of Living in Florence County, South Carolina

$908/mo

Median Monthly Rent

$165,500

Median Home Value

4% below state averageUnaffordable

At a Glance

Median Monthly Rent

$908/mo

4% below state average

Median Home Value

$165,500

41% below national

Rent-to-Income Ratio

29.0%

% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating

Unaffordable

Rent over 50% of income

How Florence County Compares

Median monthly rent comparison

Florence County$908/mo

South Carolina Average$945/mo

National Median$1,163/mo

Detailed Housing Stats

$908/mo

Median Gross Rent

$165,500

Median Home Value

$796/mo

Monthly Owner Cost

29.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Florence County, South Carolina

Florence strikes near-perfect affordability balance

Renters in Florence spend 19.2% of their income on housing—just below South Carolina's 20.1% state average and comfortably aligned with national affordability standards. With a median household income of $56,650 and rents of $908 monthly, the county delivers genuine middle-ground accessibility.

Florence ranks solidly within state norms

Florence's 19.2% rent-to-income ratio sits slightly below South Carolina's 20.1% baseline, placing it among the state's more affordable mid-sized counties. Median rents of $908 run just below the state average of $945, reflecting balanced local economics.

Moderate costs anchor the Pee Dee region

Florence's $908 rent falls between Dillon ($692) and Greenwood ($880), positioning it as the regional middle ground. Compared to coastal peers like Georgetown ($1,166), Florence offers substantial savings while maintaining comparable incomes.

Renters and owners share similar burden

Renters spend 19.2% of income on housing, while homeowners pay $796 monthly—roughly 16.8% of the median household income of $56,650. Both paths remain affordable, with a median home value of $165,500 supporting mixed-tenure accessibility.

Florence works for budget-conscious relocators

If you're comparing South Carolina counties for steady, predictable housing costs, Florence's 19.2% rent-to-income ratio and $165,500 median home value deserve consideration. You'll find balanced affordability alongside a stable regional economy.

Affordability Calculator

See how your income compares to housing costs in Florence County

Your Annual Household Income

Rent Burden

19.2%

of gross income

Max Housing (28% Rule)

$1,322

per month

Owner Cost Burden

16.9%

of gross income

You can likely afford the median home in Florence County

Median home value is $165,500. Estimated monthly cost: $1,321 vs. your max of $1,322.

Rent Affordability Guide

Your rent-to-income ratio19.2%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Florence County, South Carolina?

Florence County, South Carolina has a median monthly rent of $908/mo and a median home value of $165,500. The affordability rating is Unaffordable, with rent making up approximately 29.0% of median household income.

What is the median rent in Florence County?

The median gross rent in Florence County is $908/mo. This is 4% below state average for South Carolina.

Is Florence County affordable?

Florence County is rated Unaffordable based on rent-to-income ratio of 29.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Florence County's rent compare to the state average?

Florence County's median rent of $908/mo is 4% below state average of $945/mo for South Carolina.

What is the median home value in Florence County?

The median home value in Florence County, South Carolina is $165,500. This is 41% below the national median home value of $281,900.