Cost of Living in Florence County, South Carolina
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Florence County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Florence County ranks #1,805 of 3,142 counties for affordability (bottom 43%)
Sourced county brief
Florence County Median Monthly Owner Costs Reach $832
In Florence County, South Carolina, the median selected monthly owner cost for all owner-occupied units was estimated at $832. This figure is $41 above the South Carolina unweighted county mean of $791. The official ACS B25071 median gross rent as a percentage of household income (GRAPI) was 30.8%. This canonical rentToIncomePct is 0.3 percentage points higher than the state's unweighted county mean official GRAPI of 30.5%. The median gross rent in the county was $954 per month, compared to the unweighted county mean of $985. The median home value was reported at $177,900, which is $21,833 below the state unweighted county mean of $199,733. Median renter-household income for the county was $33,775. These statistics are derived from the American Community Survey 5-Year Estimates for the period of 2020-2024. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Florence County
Affordability Verdict
ACS B25071 estimates median gross rent at 30.8% of renter household income in Florence County, which is between the 30% and 50% rent-burden benchmarks. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $954 per month; median selected monthly owner costs are $832. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $38,160 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The South Carolina unweighted mean of county median rents is $985 per month. Florence County's $954 median is 3.1% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Florence County
Rent Burden
19.6%
of gross income
Max Housing (28% Rule)
$1,360
per month
Owner Cost Burden
17.1%
of gross income
The median home in Florence County may be a stretch
Median home value is $177,900. Estimated monthly cost: $1,420 vs. your max of $1,360.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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