Housing costs in Isle of Palms?
A typical home costs
$1,428,000, which is 322.4% more expensive than the national average of
$338,100 and 449.4% more expensive than the average South Carolina home, at
$259,900. Renting a two-bedroom unit in Isle of Palms costs
$2,330 per month, which is 62.9% more than the national average of
$1,430 and 52.4% more than the state average of
$1,110.
Can I afford Isle of Palms?
To live comfortably in Isle of Palms, South Carolina, a minimum annual income of
$273,600 for a family, and
$82,400 for a single person is recommended.
What does A.I. say about Isle of Palms?
The cost of living in Isle of Palms, SC is relatively high compared to the national average. Despite having a relatively low unemployment rate, the median household income is fairly high at $110,000 a year. This puts the cost of living at 22% higher than the US average. Housing prices are generally quite expensive with the median price being around $845,000. Even though many people may view this as an expensive place to live, there are several factors that make Isle of Palms a desirable place for some people such as its proximity to beaches and other attractions like golf courses and restaurants. The overall quality of life is fairly high and there are plenty of activities to keep residents busy all year round.