Carolina Forest, SC

Average · 102

South Carolina · Population 26,373 · Updated March 2026

$1,567
Median Rent / Month
$70,647
Median Income
$298,700
Median Home Value
$1,363
Owner Costs / Month

Affordability

How far your income goes in Carolina Forest

26.6%
Rent-to-Income Ratio
Moderate
Rent takes 25-35% of median income — moderate affordability.

Tax Burden in South Carolina

State-level tax rates that affect your costs

6.4%
Income Tax (Top Rate)
6.0%
Sales Tax
0.57%
Property Tax Rate

Estimated Annual Costs

$18,804
Annual Rent
$4,521
State Income Tax
$1,703
Property Tax (est.)

Cost of Living Overview

Carolina Forest has a cost of living close to the national average, offering a balanced mix of expenses and amenities. With a cost index of 102 (where 100 equals the national median), Carolina Forest residents can expect to pay median rent of $1,567/month while earning a median household income of $70,647/year.

The median home value in Carolina Forest, SC is $298,700, with typical monthly owner costs around $1,363 including mortgage, insurance, and taxes. With a rent-to-income ratio of 26.6%, Carolina Forest falls within the generally affordable range, though it's approaching the 30% burden threshold.

South Carolina has a moderate income tax rate of 6.4%. Combined with a 6.0% sales tax rate and 0.57% effective property tax rate, the overall tax environment is a factor in the total cost of living in Carolina Forest.

Frequently Asked Questions

Common questions about living costs in Carolina Forest

What is the cost of living in Carolina Forest, SC?
The cost of living index in Carolina Forest, SC is 102 (US average = 100). Median monthly rent is $1,567, median household income is $70,647/year, and the median home value is $298,700.
Is Carolina Forest, SC affordable?
No, Carolina Forest is more expensive than the national average with a cost index of 102. The rent-to-income ratio is 26.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Carolina Forest, SC?
The median gross rent in Carolina Forest, SC is $1,567 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $18,804.
What is the median household income in Carolina Forest?
The median household income in Carolina Forest, SC is $70,647 per year. This compares to the national median of approximately $80,000.
What are the taxes like in South Carolina?
South Carolina has a top income tax rate of 6.4%, a sales tax of 6.0%, and an effective property tax rate of 0.57%.