What is the median household income in Isle of Palms, SC?
The median household income in Isle of Palms, SC is $156,979 (±$44,841) a year (2020–2024 American Community Survey).
Paying the median gross rent of $2,893 a month would take about $115,700 a year at the common guideline of spending no more than 30% of income on rent.
In Isle of Palms, the median household income went from $122,228 in 2015–2019 to $156,979 in 2020–2024 (+28.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median household income
- $156,979 (±$44,841)
- Median renter income
- $240,296 (±$193,233)
- Income to afford median rent
- about $115,700
Income in Isle of Palms against Charleston County, its state and the nation
| Isle of Palms | Charleston County | South Carolina | United States | |
|---|---|---|---|---|
| Median household income | $156,979 (±$44,841) | $88,494 (±$1,950) | $69,324 (±$570) | $80,734 |
| Median renter household income | $240,296 (±$193,233) | $56,259 (±$3,206) | $43,796 (±$694) | $52,966 |
| Median owner household income | $156,042 (±$44,415) | $114,288 (±$2,838) | $82,205 (±$598) | $100,009 |
| Median gross rent | $2,893 (±$1,648) | $1,620 (±$36) | $1,180 (±$9) | $1,413 |
In Isle of Palms, median household income is higher than in Charleston County ($88,494).
It is also higher than in South Carolina ($69,324).
It is higher than the national figure ($80,734).
In Charleston County, Isle of Palms ranks 3 of 16 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 3 of 360.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in Isle of Palms
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $2,893 a month ($34,716 a year) needs an income of about $115,700 a year.
The median renting household in Isle of Palms earns $240,296 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $122,228 (±$9,550) | $156,979 (±$44,841) | +28.4% | No measurable change after inflation |
| Median gross rent | $1,994 (±$1,378) | $2,893 (±$1,648) | +45.1% | No measurable change after inflation |
| Median home value | $852,700 (±$44,170) | $1,581,300 (±$285,401) | +85.4% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near Isle of Palms
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Isle of Palms | — | $156,979 (±$44,841) | — |
| Sullivan's Island | 5.1 mi | $192,813 (±$37,628) | Not measurably different |
| Mount Pleasant | 6.6 mi | $124,755 (±$7,852) | Not measurably different |
| James Island | 12 mi | $104,217 (±$7,969) | Lower |
| Awendaw | 13 mi | $77,010 (±$18,859) | Lower |
| Charleston | 13 mi | $92,414 (±$3,404) | Lower |
| Folly Beach | 15 mi | $102,279 (±$64,730) | Not measurably different |
| Hanahan | 17 mi | $87,984 (±$10,295) | Lower |
| North Charleston | 20 mi | $62,956 (±$3,840) | Lower |
Nearby places with a measurably lower figure: James Island, SC ($104,217), Awendaw, SC ($77,010), Charleston, SC ($92,414).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Charleston County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Kiawah Island | $213,594 (±$44,182) |
| 2 | Sullivan's Island | $192,813 (±$37,628) |
| 3 | Isle of Palms | $156,979 (±$44,841) |
| 4 | Seabrook Island | $127,500 (±$27,323) |
| 5 | Mount Pleasant | $124,755 (±$7,852) |
| 6 | McClellanville | $107,083 (±$27,579) |
| 7 | James Island | $104,217 (±$7,969) |
| 8 | Folly Beach | $102,279 (±$64,730) |
| 9 | Meggett | $97,865 (±$25,121) |
Showing 9 of 16 places in Charleston County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Isle of Palms
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Questions about Isle of Palms
What is the median household income in Isle of Palms?
The median household income in Isle of Palms is $156,979 (±$44,841) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in Isle of Palms?
About $115,700 a year, if rent is to stay at or below 30% of income at the median gross rent of $2,893 a month.
Have incomes in Isle of Palms kept up with inflation?
In Isle of Palms, the median household income went from $122,228 in 2015–2019 to $156,979 in 2020–2024 (+28.4%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
What do renters earn in Isle of Palms?
The median renting household in Isle of Palms, SC earns $240,296 (±$193,233) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Isle of Palms city, South Carolina
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Isle of Palms city, South Carolina
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Isle of Palms city, South Carolina
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Isle of Palms city, South Carolina
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Isle of Palms city, South Carolina
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Isle of Palms city, South Carolina
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Isle of Palms city, South Carolina (place:36115, in state:45).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Isle of Palms at a glance
- Home values in Isle of Palms
- Homeowner costs in Isle of Palms
- Property taxes in Isle of Palms
- Types of homes in Isle of Palms
- Bedrooms in Isle of Palms
- Age of homes in Isle of Palms
- Heating fuel in Isle of Palms
- Commute and cars in Isle of Palms
- Crime reported to police in Isle of Palms
- Population growth in Isle of Palms
- How long people stay in Isle of Palms
- Fair Market Rent in Isle of Palms
- South Carolina landlord and tenant rules
- Housing across Charleston County
- South Carolina places ranked by median household income
- Housing data for every place in South Carolina