Zip 29487 (Wadmalaw Island, SC) Economy


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Wadmalaw Island, SC (Zipcode 29487) is a town located in Charleston County. The 2 bedroom rent in this area is $1,410, 8% lower than the US average of $1,430. The Grocery Cost Index of Wadmalaw Island is 106 versus 100 in the US. There are various local companies that call Wadmalaw Island home such as Lowcountry Produce, Carolina Tea Sap Company and Geechie Seafood Company. Lowcountry Produce offers fresh fruits and vegetables grown from local farms on Wadmalaw Island itself. Carolina Tea Sap Company specializes in selling tea products made from locally sourced ingredients and purifying them on the island. Geechie Seafood Company provides locals with seafood caught off the coast of Wadmalaw Island but also ships their products to other areas around South Carolina.

Wadmalaw Island (zip 29487) has an unemployment rate of 4.4%. The US average is 6.0%.

Wadmalaw Island (zip 29487) has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 36.9%, which is higher than the US average of 33.5%.

Tax Rates for Wadmalaw Island (zip 29487)
- The Sales Tax Rate for Wadmalaw Island (zip 29487) is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Wadmalaw Island (zip 29487) 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 Wadmalaw Island (zip 29487)
- The average income of a Wadmalaw Island (zip 29487) resident is $32,930 a year. The US average is $28,555 a year.
- The Median household income of a Wadmalaw Island (zip 29487) resident is $69,706 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWadmalaw Island, South CarolinaUnited States
  4.46
  -3.7%-6.2%
  36.9%33.5%
  9.0%6.2%
  7.0%4.6%
  $50,991$37,638
  $69,706$69,021
  $97,361$85,028
  Population by Occupation
  0.5%1.2%
  0.0%0.5%
  11.9%6.8%
  9.7%10.0%
  0.2%2.5%
  6.7%11.0%
  10.2%4.8%
  0.0%0.8%
  2.1%1.9%
  1.4%4.7%
  3.7%1.9%
  9.1%7.6%
  0.0%0.1%
  11.1%4.2%
  6.2%9.3%
  11.7%14.0%
  1.8%2.1%
  5.1%7.0%
  6.2%4.8%
  2.4%4.7%
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