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)
How Florence County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Florence County ranks #2,587 of 3,144 counties for affordability (bottom 18%)
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.
Cost of Living Advisory: Florence County
Affordability Verdict
Florence County is affordable for renters, with a median gross rent of $908/month representing approximately 19.2% of median household income. The rent burden (GRAPI) stands at 29.0%.
Rent vs. Own
At $908/month rent versus $796/month in owner costs, owning is roughly $112/month cheaper — a 12% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $36,320/year. For owner costs at the 28% rule, the required income is roughly $34,114/year. With a median household income of $56,650, most households can comfortably afford rent here. Notably, 29.0% of renter households in Florence County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within South Carolina, Florence County is more affordable than Edgefield County by roughly 6% ($908/mo vs $854/mo).
Affordability Calculator
See how your income compares to housing costs in Florence County
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
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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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 (2019-2023) — Informational only. Not financial or legal advice.
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