Key Economic Benchmarks
Median Household Income
$51,114$4,260 per month · U.S. Census Bureau ACS 5-YearFair market rent & 30% rule in Colleton County, SC
Official HUD Fair Market Rents evaluated against local household income benchmarks.
2026 HUD Fair Market Rent Schedule: Colleton County, SC
Official FY2026 HUD Fair Market Rents for Colleton County, SC. Under the federal 30% housing affordability standard, housing costs are sustainable when they consume 30% or less of gross household income.
| Unit Size | Monthly Rent | Annual Rent | 30% Rule Min. Income | % of Median Income |
|---|---|---|---|---|
| Studio / Efficiency | $678 | $8,136 | $27,120 | 15.9% |
| 1-Bedroom Apartment | $687 | $8,244 | $27,480 | 16.1% |
| 2-Bedroom ApartmentBenchmark | $902 | $10,824 | $36,080 | 21.2% |
| 3-Bedroom Home | $1,081 | $12,972 | $43,240 | 25.4% |
| 4-Bedroom Home | $1,470 | $17,640 | $58,800 | 34.5% |
50/30/20 Living Budget in Colleton County, SC
Based on the local median household income of $51,114/year ($4,260/month), here is how a balanced budget allocates expenses:
Take-Home Pay & Tax Explorer in South Carolina
Explore net income after federal income tax, FICA, and South Carolina state income tax based on the local median baseline.
Related Regional & Financial Profiles
Compare earnings and living costs across South Carolina with official federal datasets:
Frequently Asked Questions About Living in Colleton County, SC
What is the median household income in Colleton County, SC?
According to the latest U.S. Census Bureau ACS 5-Year survey, the median household income in Colleton County, SC is $51,114 per year (approximately $4,260 per month).
What is the average rent in Colleton County, SC?
According to HUD Fair Market Rent (FMR) benchmarks for 2026, standard monthly rents in Colleton County, SC are $678 for a studio, $687 for 1 bedroom, $902 for 2 bedrooms, $1,081 for 3 bedrooms, and $1,470 for 4 bedrooms.
How does the cost of living in Colleton County, SC compare to the national average?
Based on the Bureau of Economic Analysis (BEA) Regional Price Parity index, the general price level in Colleton County, SC is 93.7 (6.3% lower than the U.S. national baseline of 100.0).
How much do you need to earn to comfortably afford rent in Colleton County, SC?
Under the standard 30% housing affordability standard, renting a median 2-bedroom home ($902/month) in Colleton County, SC requires a minimum gross household income of $36,080 per year ($3,007 per month).
What is a balanced 50/30/20 monthly budget in Colleton County, SC?
For a typical household earning the median income of $51,114/year ($4,260/month) in Colleton County, SC, a balanced 50/30/20 budget allocates $2,130/month to essential needs (rent, utilities, groceries), $1,278/month to discretionary spending, and $852/month to savings and debt repayment.
What are typical electricity and utility costs in Colleton County, SC?
Residential electricity rates in South Carolina average 15.6¢ per kWh according to the U.S. Energy Information Administration (EIA). For an average home using 900 kWh per month, the estimated electric bill is approximately $140 per month.