Quick facts: Loris, SC

Quick Facts

102.3
Cost of Living
above US average
2,637
Population
29.58
Crime Rate per 1000
above US average
$34,564
Median Income
below US average
$268,490
Median House Price
above US average
$1685.5
Average Rent
above US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $34,564.

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Income Needed to Buy

βœ— Stretch
$84k/year
Based on $268,490 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $84k vs median $34,564
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Income Needed to Rent

⚠ Stretch
$72k/year
Based on $1685.5/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $72k vs median $34,564
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Loris, SC

Loris is a small city located in Horry County, South Carolina, situated in the northeastern part of the state. Known for its charming small-town atmosphere, Loris offers residents and visitors a unique blend of Southern hospitality and rural beauty. The city is approximately 20 miles inland from the Atlantic coast, making it accessible to nearby beach destinations like Myrtle Beach. Loris is characterized by its low cost of living, making it an attractive option for families and retirees. The city features local parks, recreational facilities, and a friendly community vibe. Loris is also home to the annual Loris Bog-Off Festival, celebrating the local cuisine with a focus on chicken bog, a traditional dish. The surrounding area provides opportunities for outdoor activities, including fishing, biking, and hiking. With its proximity to larger cities and attractions, Loris serves as a peaceful retreat while still being close enough to enjoy the amenities of the coast. Overall, Loris embodies the charm and tranquility of small-town life in South Carolina.

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