Socastee, SC Profile: Facts & Data

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Socastee, South Carolina - Basic Facts

The Socastee Census Designated Place had a population of 23,427 as of July 1, 2019. 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 elevation is 20 feet.

The Socastee Census Designated Place (GNIS ID: 2402863) 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.


Jump to... (On This Page!)
  1. Socastee 2019 Demographic Data
  2. Growth Rates for Socastee (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. South Carolina Research Tools (Easy Tools & Current Data)
  3. South Carolina Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Socastee, SC Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Socastee, SC Housing Affordability Index is 135
State of South Carolina Housing Affordability Index is 149
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.

WEALTH INDEX

Socastee, SC Wealth Index is 47
State of South Carolina Wealth Index is 81
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.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

More Tools and Resources:

  1. For information about schools and school attendance zones, use the HTL Address Tool
  2. Our new HTL Neighborhood Explorer provides lots of detail about any neighborhood.
  3. The new 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the South Carolina COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 23,427 (100%)
Population in Households 23,342 (99.6%)
Population in Families 17,735 (75.7%)
Population in Group Quarters1 85 ( 0.4%)
Population Density 1,755
Diversity Index2 53
 

INCOME

Median Household Income $41,757
Average Household Income $55,093
Per Capita Income $21,749
Wealth Index4 47

HOUSING

Total Housing Units 10,439 (100%)
Owner Occupied HU 5,709 (54.7%)
Renter Occupied HU 3,598 (34.5%)
Vacant Housing Units 1,133 (10.9%)
Median Home Value $168,066
Housing Affordability Index3 135
 

HOUSEHOLDS

Total Households 9,306
Average Household Size 2.51
Family Households 6,005
Average Family Size 3
NOTES
  1. 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.
  2. 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 race 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.
  3. 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.
  4. 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.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 1.75% 1.85%
Households 1.7% 1.83%
Families 1.61% 1.73%
Median Household Income   2.19%
Per Capita Income   2.64%

Socastee, SC - Peer Comparisons by Rank and Percentile

The table below compares Socastee to the other 397 incorporated cities, towns and CDPs in South Carolina by rank and percentile using July 1, 2019 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.

Variable Description Rank Percentile
Total Population # 22 95th
Population Density # 40 90th
Diversity Index # 170 58th
Median Household Income # 186 53rd
Per Capita Income # 189 53rd

Additional comparisons and rankings can be made with a VERY EASY TO USE South Carolina Census Data Comparison Tool.

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