Five Forks, SC Cost Of Living
Cost Of Living In Five Forks, SC Summary
Cost of living in Five Forks research summary. The cost of living index is set to 100 for the average place in the United States. A cost of living index above 100 means Five Forks is expensive. An index value below 100 means the city is a relatively cheap place to live.
On a city-by-city basis in South Carolina, home prices and rent have the biggest impact on the cost of living. Here are the key takeaways based on Saturday Night Science:
The cost of living index in Five Forks is 113, with 100 being the average.
The cost of living index in Five Forks is 1.1x higher than the national average.
Five Forks ranks as the #93 cheapest in South Carolina out of 99.
Five Forks ranks as the #4,363 cheapest out of 6,412 in the US.
The median home value in Five Forks is $351,000.
The median income in Five Forks is $125,343.
Table Of Contents
Five Forks's Overall Cost Of Living
Higher Than The National Average
What is the cost of living in Five Forks, SC?
According to the most recent data on the cost of living, Five Forks has an overall cost of living index of 113, which is 1.1x higher than the national index of 100.
Compared to South Carolina, Five Forks has a cost of living index that's 1.2x higher than South Carolina's index of 96.
The standard of living in Five Forks ranks as #93 most affordable out of the 99 places we measured in South Carolina. By definition, that implies Five Forks ranks as the #6 most expensive place in the Palmetto State.
For more reading on life in Five Forks, check out:
- Living In Five Forks
- Search Homes For Sale In Five Forks, SC
In South Carolina
In America
Five Forks Cost Of Living Vs. South Carolina
Six factors go into calculating the cost of living index in Five Forks. Here is how it fairs on each of the criteria:
The Services index in Five Forks is 98.
The Groceries index in Five Forks is 103.
The Health index in Five Forks is 96.
The Housing index in Five Forks is 145.
The Transportation index in Five Forks is 95.
The Utilities index in Five Forks is 94.
| Living Expense | Five Forks | South Carolina | National Average | |
|---|---|---|---|---|
| Overall | 113 | 96 | 100 | |
| Services | 98 | 99 | 100 | |
| Groceries | 103 | 100 | 100 | |
| Health | 96 | 96 | 100 | |
| Housing | 145 | 89 | 100 | |
| Transportation | 95 | 90 | 100 | |
| Utilities | 94 | 107 | 100 | |
Five Forks, SC Housing Cost Breakdown
Housing swings affordability the most between places in South Carolina, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2017-2021. The key points are:
The Median Home Value in Five Forks is $351,000.
The Median Rent in Five Forks is $1,719.
The Median Income in Five Forks is $125,343.
The Home Value To Income in Five Forks is 2.8x.
The Rent To Monthly Income in Five Forks is 0.16x.
| Statistic | Five Forks | South Carolina | United States |
|---|---|---|---|
| Median Home Value | $351,000 | $181,800 | $244,900 |
| Median Rent | $1,719 | $970 | $1,163 |
| Median Income | $125,343 | $58,234 | $69,021 |
| Home Value To Income | 2.8x | 3.1x | 3.5x |
| Rent To Monthly Income | 0.16x | 0.2x | 0.2x |
Median Home Value
Median Rent
Median Income
Five Forks, SC Costs By Category
Detailed Five Forks Services Costs Vs. South Carolina
| Item | Five Forks | South Carolina |
|---|---|---|
| Shampoo | $1.04 | $1.06 |
| Movie | $12.2 | $10.68 |
| Bowling | $15.55 | $14.67 |
| Haircut | $21.58 | $18.62 |
| Beauty Salon | $51.88 | $39.05 |
Detailed Five Forks Groceries Costs Vs. South Carolina
| Item | Five Forks | South Carolina |
|---|---|---|
| Ground Beef | $4.78 | $4.22 |
| Fried Chicken | $1.27 | $1.39 |
| Milk | $1.99 | $2.05 |
| Potatoes | $4.05 | $3.29 |
| Pizza | $10.17 | $10.62 |
| Beer | $10.15 | $9.38 |
| Toothpaste | $2.26 | $2.34 |
Detailed Five Forks Health Costs Vs. South Carolina
| Item | Five Forks | South Carolina |
|---|---|---|
| Optometrist | $99.73 | $108.57 |
| Doctor | $92.16 | $116.17 |
| Dentist | $99.94 | $99.13 |
Detailed Five Forks Transportation Costs Vs. South Carolina
| Item | Five Forks | South Carolina |
|---|---|---|
| Gasoline | $1.96 | $2.22 |
| Tire Balancing | $56.25 | $50.07 |
Detailed Five Forks Utilities Costs Vs. South Carolina
| Item | Five Forks | South Carolina |
|---|---|---|
| All Electricity | $153.67 | $167.67 |
| Phone | $182.81 | $175.64 |
Five Forks SnackAbility
/10
Cost Of Living In Cities Around Five Forks
The cost of living varies in the cities and towns around Five Forks. Here's a quick look at the cost of living in the most populous nearby places:
Greenville, SC has a cost of living index of 106, 0.9x Five Forks.
Greer, SC has a cost of living index of 92, 0.8x Five Forks.
Mauldin, SC has a cost of living index of 94, 0.8x Five Forks.
| City | Population | Cost Of Living | Vs. Five Forks |
|---|---|---|---|
| Greenville, SC | 69,725 | 106 | 0.9x |
| Greer, SC | 35,151 | 92 | 0.8x |
| Mauldin, SC | 24,735 | 94 | 0.8x |
| Taylors, SC | 23,348 | 92 | 0.8x |
| Simpsonville, SC | 23,190 | 94 | 0.8x |
| Wade Hampton, SC | 20,879 | 94 | 0.8x |
| Berea, SC | 15,892 | 85 | 0.8x |
| Gantt, SC | 14,790 | 89 | 0.8x |
| Fountain Inn, SC | 10,237 | 91 | 0.8x |
| Powdersville, SC | 9,880 | 97 | 0.9x |
