Income needed to buy a home
Florence County, SC
$65,882
a year in household income to buy the typical Florence County home with 10% down.
The monthly math
Typical home value$205,086
Down payment (10%)$20,509
Loan$184,577
Principal and interest (7.40%)$1,278/mo
Property tax (0.47% a year)$80/mo
Homeowners insurance (estimate)$103/mo
Mortgage insurance$77/mo
Total monthly cost$1,537/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
A stretch
The typical household here earns $58,305 a year, 88% of what it takes.
In South Carolina
Florence County ranks #18 of 46 for the income a home takes, from least to most.
Easiest to afford in South Carolina
| County | Typical home | Income needed |
|---|---|---|
| Allendale County | $75,620 | $24,392 |
| Marlboro County | $123,762 | $39,934 |
| Williamsburg County | $126,513 | $41,346 |
| Union County | $133,802 | $42,796 |
| Dillon County | $134,534 | $43,069 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.