Forest Acres, SC

Below Avg · 83

South Carolina · Population 10,491 · Updated March 2026

$1,182
Median Rent / Month
$76,417
Median Income
$260,500
Median Home Value
$1,166
Owner Costs / Month

Affordability

How far your income goes in Forest Acres

18.6%
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

$14,184
Annual Rent
$4,891
State Income Tax
$1,485
Property Tax (est.)

Cost of Living Overview

Forest Acres is significantly cheaper than the national average, making it an attractive option for budget-conscious individuals and families. With a cost index of 83 (where 100 equals the national median), Forest Acres residents can expect to pay median rent of $1,182/month while earning a median household income of $76,417/year.

The median home value in Forest Acres, SC is $260,500, with typical monthly owner costs around $1,166 including mortgage, insurance, and taxes. The median rent-to-income ratio of 18.6% 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 Forest Acres.

Frequently Asked Questions

Common questions about living costs in Forest Acres

What is the cost of living in Forest Acres, SC?
The cost of living index in Forest Acres, SC is 83 (US average = 100). Median monthly rent is $1,182, median household income is $76,417/year, and the median home value is $260,500.
Is Forest Acres, SC affordable?
Yes, Forest Acres is more affordable than the national average with a cost index of 83. The rent-to-income ratio is 18.6%—below the 30%% threshold considered affordable by HUD.
What is the average rent in Forest Acres, SC?
The median gross rent in Forest Acres, SC is $1,182 per month according to the US Census Bureau ACS 2023 data. Annual rent costs approximately $14,184.
What is the median household income in Forest Acres?
The median household income in Forest Acres, SC is $76,417 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%.