Socastee, SC Profile: Facts & Data

The Socastee CDP⁽¹⁾ had a population of 24,012 as of July 1, 2024. Socastee ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in South Carolina. See peer rankings below.

The primary coordinate point for Socastee is located at latitude 33.6835 and longitude -78.9984 in Horry County. The formal boundaries for the Socastee Census Designated Place encompass a land area of 13.35 sq. miles and a water area of 0.52 sq. miles. Horry County is in the Eastern time zone (GMT -5).

The Socastee Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

South Carolina is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Socastee Census Designated Place is located within Myrtle Beach Division of Horry County.

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Socastee, SC Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	24,012 (100%)
Population in Households	23,868 (99.4%)
Population in Families	18,089 (75.3%)
Population in Group Quarters¹	144 ( 0.6%)
Population Density	1,796
Diversity Index²	60


INCOME
Median Household Income	$58,347
Average Household Income	$82,920
% of Income for Mortgage⁴	27%
Per Capita Income	$33,725
Wealth Index⁵	72
Socioeconomic Status Index⁶	Moderate (48.6)

HOUSING
Total HU (Housing Units)	10,749 (100%)
Owner Occupied HU	6,551 (60.9%)
Renter Occupied HU	3,212 (29.9%)
Vacant Housing Units	986 ( 9.2%)
Median Home Value	$251,101
Average Home Value	$298,825
Housing Affordability Index³	98

HOUSEHOLDS
Total Households	9,763
Average Household Size	2.44
Family Households	6,206
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Socastee, SC - Peer Comparisons by Rank and Percentile

The table below compares Socastee to the other 475 incorporated cities, towns and CDPs in South Carolina by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	1.85%	2.03%
Households	1.75%	1.95%
Families		1.82%
Median Household Income		3.59%
Per Capita Income		3.12%
Owner Occupied HU		1.96%

Variable Description	Rank	Percentile
Total Population	# 26	95th
Population Density	# 42	91st
Median Household Income	# 176	63rd
Housing Affordability Index	# 170	36th
Per Capita Income	# 164	66th
Diversity Index	# 125	74th

Socastee, SC Profile: Facts & Data

Socastee, South Carolina - Basic Facts

Socastee, SC Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Socastee, SC - Peer Comparisons by Rank and Percentile

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