Cost of Living in Carolina Forest, SC

Population 26,373 · South Carolina · Data vintage 2023

106
Cost Index
(100 = US avg)
Page updated: · Data vintage: 2023 ACS 5-Year
Sources: Census ACS·BLS·NOAA·EPA·Zillow · Methodology

Carolina Forest lands reasonably close to national benchmarks on most cost indicators, with a median home value of $299,000 — 2% below the US figure. That makes it a useful reference point for comparing with more extreme markets in South Carolina. Unemployment has stayed elevated relative to the national figure — 8.4% as of the most recent ACS release — which shows up in household-income and poverty figures as well.

Geographically, Carolina Forest is about 65 miles southwest of Wilmington, the nearest large metro. Median home values run roughly 15% lower than Wilmington's $350,000.

Cost Overview

Housing 98
Rent 119

Scale: 100 = US national average. Green < 90, Red > 110.

About the Cost of Living in Carolina Forest

The median home value in Carolina Forest is $298,700 — 2% below the national median of $305,000. Median rent runs $1,567/month, 19% higher than the national median of $1,314/month. The median household income of $70,647/year is 5% lower than the US median of $74,580. The local unemployment rate is 8.4%, above the national average of 4.8%. South Carolina's top state income tax rate is 6.4% and the combined sales tax is 7.5%. The climate averages highs of 72.7°F and lows of 55.3°F. Overall, Carolina Forest has a cost of living index of 106 versus the US average of 100, meaning it is 6% more expensive.

🏠 Housing

Median Home Value
$298,700
2% below avg
Median Rent
$1,567/mo
19% above avg
Price-to-Rent Ratio
15.9x
Favors buying
Property Tax Rate
0.6%
Effective rate

HUD Fair Market Rents by Bedroom

Studio
$807
1 BR
$841
2 BR
$1,028
3 BR
$1,294
4 BR
$1,567
Owner-occupied 69.3%
Renter-occupied 30.6%

💰 Estimated Monthly Budget

Rent median rent
$1,567
Groceries national estimate
$400
Utilities local estimate
$88
Transportation local gas prices
$126
Estimated Total $2,181/mo

Estimates based on median data and national averages. Actual costs vary.

🛒 Food & Groceries

National BLS average prices (2023). Local prices may vary.

🥚
Eggs (dozen)
$0.548
🍞
White Bread (lb)
$1.912
🥩
Ground Beef (lb)
$5.61

🚗 Transportation

Avg Commute
23.7 min
12% below avg
Gas Price
$3.145/gal
0% below avg
Work From Home
8.3%

Commute Mode

Drove alone
81.5%
Carpooled
8.0%
Walked
0.7%
Bicycle
0.0%
Work from home
8.3%

Utilities

Electricity
$0.176/kWh
0% below avg

📋 Taxes

State Income Tax 6.4%
Total Sales Tax 7.5%
State rate 6.0%
Avg local rate 1.5%
Property Tax 0.6%

💼 Income & Employment

Median Household Income
$70,647
5% below avg
Per Capita Income
$38,209
Unemployment Rate
8.4%
74% above avg
Poverty Rate
14.0%
Labor Force Participation
62.9%

🎓 Education

Bachelor's degree+ 24.9%
Graduate degree 9.3%

👥 Demographics

Median Age 37.6
Male median age 34.8
Female median age 39.8

🌤 Climate

NOAA 1991–2020 Climate Normals

Avg High
72.7°F
Avg Low
55.3°F
Annual Precip
48.5"
30° 45° 60° 75° 90° JFMAMJJASOND High Low Precip
Month JanFebMarAprMayJunJulAugSepOctNovDec
High °F 565865727985888783766659
Low °F 374045536270747368564640
Precip" 3.013.183.592.772.964.075.406.256.654.203.293.10

💨 Air Quality

EPA AQS 2023 — county-level monitoring data

Median AQI 43 — Good
71.7%
Good air days/yr
100
Max AQI recorded
189
PM2.5 days
143
Ozone days

Frequently Asked Questions

What is the cost of living in Carolina Forest, SC?

Carolina Forest has a cost index of 106 (100 = national average). It is 6% above the national average.

What is average rent in Carolina Forest, SC?

The median gross rent in Carolina Forest is $1,567 per month based on 2023 Census data.

What is the average home price in Carolina Forest?

The median home value in Carolina Forest is $298,700 according to 2023 Census ACS data.

What is the median income in Carolina Forest?

The median household income in Carolina Forest is $70,647 per year (2023 ACS 5-year estimates).

What is the sales tax in Carolina Forest, SC?

The combined state and local sales tax rate in Carolina Forest is 7.5%. The South Carolina state income tax top rate is 6.4%.

Is Carolina Forest, SC affordable?

Carolina Forest is near the national average in terms of cost of living, with an index of 106 (100 = US average).

What is the weather like in Carolina Forest?

Carolina Forest has average high temperatures of 72.7°F and average lows of 55.3°F. Annual precipitation is 48.5". Data from NOAA 1991–2020 Climate Normals.

Carolina Forest at a Glance

Population
26,373
Median Income
$70,647
Home Value
$298,700
Median Rent
$1,567/mo
Unemployment
8.4%
Avg High Temp
72.7°F
Sales Tax
7.5%
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🗺️ County data for South Carolina

Explore county-level cost of living data

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