Socastee, SC
Population 24,629 · South Carolina
About Socastee, SC
Socastee is a mid-sized city located in South Carolina with a population of 24,629 residents according to the latest US Census Bureau American Community Survey data. The median household income is $59,826 per year, which is 20% below the national median of $75,149. The median age of 43.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Socastee features a median home value of $218,200, which is 11% below the national median of $244,900. This positions Socastee in a moderately priced market relative to the rest of the country. Median monthly rent is $1,244, 7% above the national average of $1,163/month. Of the 10,077 total housing units, 64% are owner-occupied (5,717 units) and 36% are renter-occupied (3,265 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Socastee shows an unemployment rate of 5.4%, which is near the national rate of 3.7%. The poverty rate stands at 13.1%, above the national average of 12.4%. Workers in Socastee have an average one-way commute time of 20.8 minutes.
Education & Demographics
21.3% of Socastee residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 10.8% White, 1.1% Hispanic or Latino, 1.3% Black or African American, and 3.9% Asian residents, with 9.6% of the population being foreign-born.
How Socastee Ranks in South Carolina
Cost of Living in Socastee, SC
Compared to national averages, Socastee has a median household income of $59,826 (20% below the national median of $75,149). Home values average $218,200, which is 11% below the national median. Monthly rent at $1,244 is 7% above the US average of $1,163. Within South Carolina, Socastee's income is 2% above the state average of $58,738, and home values are 8% above the state median of $202,187.
Why Live in Socastee, SC?
Socastee offers affordable housing with a median home value of $218,200, below the US average of $244,900, and short commute times averaging just 20.8 minutes.
Potential considerations include median household income ($59,826) that falls below the national average. However, Socastee’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Socastee has a population of 24,629 with a median age of 43.3 years. Compare Socastee with other cities to see how it stacks up, or explore all cities in South Carolina.
Similar Cities Near Socastee
Cities in South Carolina with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| North Augusta | 24,928 | $90,132 | $220,500 | Compare |
| Simpsonville | 25,125 | $79,233 | $267,500 | Compare |
| Lexington | 24,132 | $83,263 | $271,200 | Compare |
| Easley | 23,942 | $65,330 | $243,100 | Compare |
| Taylors | 23,686 | $71,747 | $242,700 | Compare |
| Mauldin | 25,985 | $81,027 | $242,100 | Compare |
| Conway | 26,082 | $54,841 | $236,300 | Compare |
| Carolina Forest | 26,373 | $70,647 | $298,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in South Carolina
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Socastee With Other Cities
Frequently Asked Questions about Socastee
What is the population of Socastee, SC?
The population of Socastee, SC is 24,629 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in South Carolina.
What is the median household income in Socastee?
The median household income in Socastee, SC is $59,826 per year, which is 20% below the national median of $75,149.
What is the median home value in Socastee?
The median home value in Socastee, SC is $218,200, which is 11% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Socastee?
The median monthly rent in Socastee, SC is $1,244, which is 7% above the national average of $1,163/month.
What is the unemployment rate in Socastee?
The unemployment rate in Socastee, SC is 5.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Socastee, SC a good place to live?
Socastee offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 24,629 and a median age of 43.3, the city appeals to a broad range of residents.
How educated is Socastee, SC?
21.3% of residents in Socastee aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Socastee?
Key cost-of-living indicators for Socastee, SC: median home value is $218,200 (11% below national), median rent is $1,244/month, and median household income is $59,826. The home-value-to-income ratio is 3.6x, a moderate figure by national standards.
What is the poverty rate in Socastee?
The poverty rate in Socastee, SC is 13.1%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Socastee, SC?
Socastee's population is 10.8% White, 1.1% Hispanic or Latino, 1.3% Black or African American, 3.9% Asian, and 6.2% two or more races. 9.6% of residents are foreign-born.