Cost of Living in Five Forks, SC

With a cost of living index of 132, Five Forks, SC is a notably expensive place to live. Living here is 32% more expensive than the national average and 50% above the South Carolina state average of 82. Five Forks is a smaller community of 19,093 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Five Forks's cost of living. The median monthly rent is $2,139 (62% above the US median of $1,319), and the median home value sits at $424,600 (39% above the national median of $304,900). At current prices, the median home costs roughly 3x the median household income — well within traditional affordability guidelines.

The median household income in Five Forks is $140,668, which is 87% higher than the national median of $75,149. Residents spend roughly 18% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum. While incomes are above average, they more than offset the higher cost of living.

Climate is another factor for anyone considering a move to Five Forks. The area sees an average annual temperature of 61.3°F, with summers averaging 78°F and winters around 44°F. Annual rainfall totals 49.7 inches spread over roughly 117 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Greenville-Anderson-Greer, SC (Metropolitan Statistical Area) metro area are generally below the national average. Out of 6 common items tracked by the Bureau of Labor Statistics, 6 are priced lower than the US average. These real-world prices — from groceries to electricity — add up and should be factored into any cost of living comparison.

Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.