Zip 29928 (Hilton Head Island, SC) Economy


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Hilton Head Island, SC is an ideal location for families looking for a comfortable place to live. The median 2 bedroom rent in the area is $1,590, slightly more than the US median of $1,430 but still within reach for many. Among the amenities offered by this lovely island are several popular restaurants such as The Jazz Corner, Poseidon and Coastal Kitchen. There are also numerous retail outlets such as The Mall at Shelter Cove and Belk department store. Additionally, Hilton Head Island has a grocery cost index of 107 compared to 100 nationally. With its diverse offerings and reasonably priced rent, Hilton Head Island provides a great place to call home.

Hilton Head Island (zip 29928) has an unemployment rate of 3.4%. The US average is 6.0%.

Hilton Head Island (zip 29928) has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 34.7%, which is higher than the US average of 33.5%.

Tax Rates for Hilton Head Island (zip 29928)
- The Sales Tax Rate for Hilton Head Island (zip 29928) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hilton Head Island (zip 29928) is 7.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Hilton Head Island (zip 29928)
- The average income of a Hilton Head Island (zip 29928) resident is $55,513 a year. The US average is $28,555 a year.
- The Median household income of a Hilton Head Island (zip 29928) resident is $88,170 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHilton Head Island, South CarolinaUnited States
  3.46
  -3.1%-6.2%
  34.7%33.5%
  6.0%6.2%
  7.0%4.6%
  $77,123$37,638
  $88,170$69,021
  $117,412$85,028
  Population by Occupation
  0.3%1.2%
  0.0%0.5%
  6.1%6.8%
  4.9%10.0%
  1.3%2.5%
  18.1%11.0%
  2.2%4.8%
  0.0%0.8%
  1.2%1.9%
  5.6%4.7%
  7.2%1.9%
  10.4%7.6%
  0.1%0.1%
  4.7%4.2%
  3.6%9.3%
  8.9%14.0%
  5.0%2.1%
  16.1%7.0%
  3.8%4.8%
  0.5%4.7%
Health