How many renters in Socastee, SC pay more than 30% of their income on rent?
43.6% (±12.2 points) of renting households in Socastee, SC spend 30% or more of their household income on gross rent (2020–2024 American Community Survey).
30.5% spend 35% or more.
The median renting household spends 27.2% of its income on rent.
Figures last updated on .
- Paying 30% or more
- 43.6% (±12.2 points)
- Paying 35% or more
- 30.5% (±9.1 points)
- Median share of income
- 27.2% (±4.3 points)
Rent as a share of income in Socastee
| Share of income spent on rent | Socastee | Horry County | South Carolina | United States |
|---|---|---|---|---|
| Less than 15% | 15.4% (±5.9 points) | 13.7% | 12.6% | 12.6% |
| 15% to 19.9% | 16.6% (±8.6 points) | 11.8% | 12.1% | 12.2% |
| 20% to 24.9% | 13.2% (±6.7 points) | 12.4% | 11.9% | 12.6% |
| 25% to 29.9% | 11.2% (±5.4 points) | 10.1% | 11.4% | 11.5% |
| 30% to 34.9% | 13.1% (±8.1 points) | 8.3% | 9.3% | 9.2% |
| 35% or more | 30.5% (±9.1 points) | 43.7% | 42.8% | 41.9% |
Households whose income could not be measured against their rent (for example, those reporting no income) are left out of these shares, as the Census Bureau leaves them out.
Socastee against Horry County, its state and the nation
| Socastee | Horry County | South Carolina | United States | |
|---|---|---|---|---|
| Paying 30% or more | 43.6% (±12.2 points) | 52.0% (±2.8 points) | 52.1% (±0.8 points) | 51.1% |
| Paying 35% or more | 30.5% (±9.1 points) | 43.7% (±2.4 points) | 42.8% (±0.7 points) | 41.9% |
| Median share of income | 27.2% (±4.3 points) | 31.2% (±1.4 points) | 31.1% (±0.4 points) | 30.6% |
| Median renter household income | $54,777 (±$10,328) | $47,911 (±$2,932) | $43,796 (±$694) | $52,966 |
| Median gross rent | $1,246 (±$101) | $1,255 (±$35) | $1,180 (±$9) | $1,413 |
In Socastee, the share of renters paying 30% or more of income is not measurably different from Horry County (52.0%).
It is not measurably different from South Carolina (52.1%).
It is not measurably different from the national figure (51.1%).
In Horry County, Socastee ranks 8 of 15 places with a published estimate, from highest to lowest share of renters paying 30% or more of income.
Statewide, it ranks 251 of 375.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
Renters paying 30% or more of income in places near Socastee
| Place | Distance | Renters paying 30% or more of income | Compared with this place |
|---|---|---|---|
| Socastee | — | 43.6% (±12.2 points) | — |
| Forestbrook | 3.5 mi | 17.9% (±34.1 points) | Not measurably different |
| Surfside Beach | 5.7 mi | 50.2% (±16.7 points) | Not measurably different |
| Red Hill | 6.3 mi | 36.0% (±13.0 points) | Not measurably different |
| Garden City | 6.6 mi | 33.1% (±12.7 points) | Not measurably different |
| Myrtle Beach | 7.2 mi | 59.5% (±6.3 points) | Higher |
| Carolina Forest | 7.7 mi | 40.7% (±8.7 points) | Not measurably different |
| Murrells Inlet | 9.4 mi | 79.9% (±25.1 points) | Higher |
| Conway | 10 mi | 52.1% (±12.0 points) | Not measurably different |
Nearby places with a measurably higher figure: Myrtle Beach, SC (59.5%), Murrells Inlet, SC (79.9%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Renters paying 30% or more of income across Horry County, place by place
| Rank | Place | Renters paying 30% or more of income |
|---|---|---|
| 2 | North Myrtle Beach | 64.0% (±14.5 points) |
| 3 | Aynor | 60.0% (±26.6 points) |
| 4 | Myrtle Beach | 59.5% (±6.3 points) |
| 5 | Little River | 54.5% (±13.4 points) |
| 6 | Conway | 52.1% (±12.0 points) |
| 7 | Surfside Beach | 50.2% (±16.7 points) |
| 8 | Socastee | 43.6% (±12.2 points) |
| 9 | Carolina Forest | 40.7% (±8.7 points) |
| 10 | Loris | 39.5% (±20.9 points) |
| 11 | Red Hill | 36.0% (±13.0 points) |
| 12 | Garden City | 33.1% (±12.7 points) |
| 13 | Homewood | 29.6% (±32.7 points) |
| 14 | Forestbrook | 17.9% (±34.1 points) |
Showing 13 of 15 places in Horry County, ranked from highest to lowest.
Socastee is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
Survey years: 2020–2024 (American Community Survey 5-year estimates).
Margins of error are at the 90% confidence level.
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Questions about Socastee
Are renters in Socastee rent-burdened?
43.6% of renting households in Socastee pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
What share of income do renters in Socastee spend on rent?
The median renting household in Socastee, SC spends 27.2% (±4.3 points) of its household income on gross rent.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Socastee CDP, South Carolina
- Median Gross Rent as a Percentage of Household Income (B25071), 2020–2024 ACS 5-year estimates — Socastee CDP, South Carolina
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Socastee CDP, South Carolina
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Socastee CDP, South Carolina (place:67390, in state:45).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The API needs a free key.
DP04_0136E, DP04_0136M, DP04_0137PE, DP04_0137PM, DP04_0138PE, DP04_0138PM, DP04_0139PE, DP04_0139PM, DP04_0140PE, DP04_0140PM, DP04_0141PE, DP04_0141PM, DP04_0142PE, DP04_0142PM, B25071_001E, B25071_001M, B25119_003E, B25119_003M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
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- Population growth in Socastee
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- South Carolina landlord and tenant rules
- Housing across Horry County
- South Carolina places ranked by rent burden
- Housing data for every place in South Carolina