South Carolina · Census, HUD and BEA figures · Updated

Cost of Living in Florence County, SC

Prices around Florence County, SC run 13.2% below the U.S. average (BEA, the metro area). The typical household there earns $58,305 a year, and HUD puts a two-bedroom at $1,117 a month. Keeping that rent under 30% of income takes about $44,680 a year.

Florence County, SC at a glance

Median household income

$58,305$4,859 per month · U.S. Census Bureau ACS 5-Year
2-bedroom rent$1,117HUD FY2026 Fair Market Rent
Price level (U.S. = 100)86.8-13.2% · BEA, the metro area
Electricity15.6¢per kWh · EIA Residential SC
Population137,117Census ACS 5-year estimate

How much rent can you afford in Florence County, SC?

HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.

Affordable (< 30% of income)
HUD Fair Market Rent$1,117Monthly market rent
Share of gross income23%Recommended max: 30%
Annual income needed$44,680To meet the 30% standard
Max affordable rent$1,458At 30% of $58,305
0%30% (Affordability standard)100%
Compare against:

How much is rent in Florence County, SC? By bedroom, 2026

HUD's fiscal 2026 Fair Market Rents for Florence, SC HUD Metro FMR Area, with the income each one takes if rent stays under 30% of it.

HUD Fair Market Rent in Florence County, SC, fiscal 2026
Unit SizeMonthly RentAnnual Rent30% Rule Min. Income% of Median Income
Studio / Efficiency$948$11,376$37,92019.5%
1-Bedroom Apartment$953$11,436$38,12019.6%
2-Bedroom ApartmentBenchmark$1,117$13,404$44,68023%
3-Bedroom Home$1,434$17,208$57,36029.5%
4-Bedroom Home$1,588$19,056$63,52032.7%

Rent in Florence County, SC, with the wage each unit needs →

What a typical income covers in Florence County, SC

The 50/30/20 rule applied to the local median of $58,305 a year ($4,859 a month before tax).

Needs (50%)$2,429/moRent ($1,117 2-BR), utilities (~$140/mo), groceries, transit
Wants (30%)$1,458/moEating out, travel, subscriptions and the rest
Savings and debt (20%)$972/moEmergency fund, retirement, paying down loans

What $58,305 leaves after South Carolina taxes

Federal income tax, Social Security, Medicare and South Carolina tax on the local median income. Change the salary to see yours.

$58,305
$20,000$120,000
Filing status:
Gross salary breakdown$58,305
Net 81%
Fed 8%
SC 3%
FICA 8%
Annual take-home$47,478After all taxes
Monthly deposit$3,956Estimated per month
Biweekly paycheck$1,826Every 2 weeks (26/yr)
Effective tax rate18.6%Total tax burden
Federal income tax$4,817 / yr
South Carolina state income tax$1,550 / yr
FICA (Social Security & Medicare)$4,460 / yr

Living in Florence County, SC: common questions

What is the median household income in Florence County, SC?

According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Florence County, SC is $58,305 per year (approximately $4,859 per month).

What is the average rent in Florence County, SC?

The closest official figure is HUD's Fair Market Rent for 2026: $948 for a studio, $953 for one bedroom, $1,117 for two, $1,434 for three and $1,588 for four, utilities included.

It is not an average of listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so a new lease on a nicer place will usually cost more.

Is Florence County, SC expensive to live in?

Prices there run 13.2% below the U.S. average. BEA's regional price parity for the metro area is 86.8, where the U.S. is 100. Rent moves the number most: housing is where places differ, while goods cost about the same everywhere.

How much do you need to earn to comfortably afford rent in Florence County, SC?

To keep a $1,117 two-bedroom under 30% of gross income, a household needs about $44,680 a year, or $3,723 a month. That is 77% of what the typical household in Florence County, SC earns.

How much do you need to live comfortably in Florence County, SC?

On the local median income of $58,305 ($4,859 a month before tax), the 50/30/20 rule leaves $2,429 a month for needs like rent, utilities and groceries, $1,458 for everything else and $972 for savings or debt. A two-bedroom at $1,117 takes 46% of the needs share.

How much is the electric bill in Florence County, SC?

Homes in South Carolina paid 15.6¢ per kWh on average (EIA). At 900 kWh a month, a typical use, that is about $140. Your bill depends mostly on heating and cooling.