Cost of Living in Forest Acres, SC

With a cost of living index of 90, Forest Acres, SC is a very affordable place to live. Living here is 10% cheaper than the national average and 8% above the South Carolina state average of 82. Forest Acres is a smaller community of 10,491 residents, where everyday costs can differ substantially from nearby larger cities.

Housing costs are the biggest factor in Forest Acres's cost of living. The median monthly rent is $1,182 (10% below the US median of $1,319), and the median home value sits at $260,500 (15% below the national median of $304,900). At current prices, the median home costs roughly 3.4x the median household income — a moderately affordable ratio by today's standards.

The median household income in Forest Acres is $76,417, which is 2% higher than the national median of $75,149. Residents spend roughly 19% of household income on rent. This is a comfortable ratio, well below the 30% threshold that financial experts recommend as a maximum.

Climate is another factor for anyone considering a move to Forest Acres. The area sees an average annual temperature of 65.5°F, with summers averaging 82°F and winters around 49°F. Annual rainfall totals 43.7 inches spread over roughly 111 days. The mild climate is a draw for many residents and keeps utility costs moderate year-round.

Everyday prices in the Columbia, 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.