Socastee, SC with a zipcode of 29588 is a great place to live. It is located in South Carolina, between Myrtle Beach and Conway. The cost of living is very affordable with the average two bedroom rent being $1,180 compared to the US average which is $1,430. Grocery costs are also an advantage to living in Socastee as it has a grocery cost index of 98 compared to 100 in the US.
The town of Socastee includes many amenities such as Walmart, Lowes Home Improvement center, and many restaurants. There are also plenty of activities for kids at the Grand Strand YMCA or Fun Warehouse Family Entertainment Center. This area also offers access to higher education institutions such as Horry Georgetown Technical College or Coastal Carolina University. Lastly, there are several medical facilities close by including Grand Strand Medical Center.
Overall, Socastee, SC offers residents an excellent standard of living at a fraction of the cost of other places in the US making it an attractive spot for people looking for an affordable home. With its variety businesses and activities there is something for everyone here while still providing that small-town charm that so many value.
Socastee (zip 29588) has an unemployment rate of 6.3%. The US average is 6.0%.
Socastee (zip 29588) has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 40.5%, which is higher than the US average of 33.5%.
Tax Rates for Socastee (zip 29588)
- The Sales Tax Rate for Socastee (zip 29588) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Socastee (zip 29588) is 7.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Socastee (zip 29588)
- The average income of a Socastee (zip 29588) resident is $21,632 a year. The US average is $28,555 a year.
- The Median household income of a Socastee (zip 29588) resident is $54,305 a year. The US average is $69,021 a year.