Five Forks, SC

Very High · 140

South Carolina · Population 19,093 · Updated March 2026

$2,139
Median Rent / Month
$140,668
Median Income
$424,600
Median Home Value
$1,815
Owner Costs / Month

Affordability

How far your income goes in Five Forks

18.2%
Rent-to-Income Ratio
Affordable
Rent takes less than 25% of median income — considered affordable by HUD standards.

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

$25,668
Annual Rent
$9,003
State Income Tax
$2,420
Property Tax (est.)

Cost of Living Overview

Five Forks has a significantly higher cost of living than most US cities, driven largely by premium housing costs. With a cost index of 140 (where 100 equals the national median), Five Forks residents can expect to pay median rent of $2,139/month while earning a median household income of $140,668/year.

The median home value in Five Forks, SC is $424,600, with typical monthly owner costs around $1,815 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.2% means housing is relatively affordable here — well below the 30% threshold that HUD considers cost-burdened.

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 Five Forks.

Frequently Asked Questions

Common questions about living costs in Five Forks

What is the cost of living in Five Forks, SC?
The cost of living index in Five Forks, SC is 140 (US average = 100). Median monthly rent is $2,139, median household income is $140,668/year, and the median home value is $424,600.
Is Five Forks, SC affordable?
No, Five Forks is more expensive than the national average with a cost index of 140. The rent-to-income ratio is 18.2%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Five Forks, SC?
The median gross rent in Five Forks, SC is $2,139 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $25,668.
What is the median household income in Five Forks?
The median household income in Five Forks, SC is $140,668 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%.