Cost of Living in Isle of Palms, SC

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F
83%
Overall NAT. AVG.
3%
Groceries NAT. AVG.
282%
Housing NAT. AVG.
Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
The cost of living index is based on a national average of 100. For example, if the cost of living score is 90, then the estimated cost of living is 10% lower than the national average. If the score is 110, then the estimated cost of living is 10% higher than average. The overall index is calculated using weighted estimates across major everyday expense categories, including housing (30%), groceries (16%), transportation (12%), healthcare (10%), utilities (8%), lifestyle and entertainment (8%), household expenses (8%), and education and childcare (8%). All values are AI-assisted city-level estimates designed for directional comparisons.
Index Isle of Palms South Carolina National
Cost of living18394100
Groceries9799100
Health care10098100
Housing38281100
Transportation10299100
Utilities101101100
Lifestyle & Entertainment9698100
Household Items10199100
Education & Childcare9398100
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Homes For Sale In Isle of Palms, SC

property for sale

3 Barnacle Row

Isle of Palms, SC
property for sale

25 21st Ave

Isle of Palms, SC
property for sale

8000 Palmetto Dr Unit 408-A-I

Isle of Palms, SC
property for sale

17 Beach CLB

Isle of Palms, SC

Cost Of Living Quick Facts

  • The cost of living in Isle of Palms is 96% higher than the South Carolina average
  • The cost of living in Isle of Palms is 83% higher than the national average
  • Isle of Palms housing is 282% higher than the national average
  • South Carolina general sales tax is 18% higher than the national average
  • South Carolina state income tax is 100% lower than the national average

Most Affordable Places to Live in and Around Isle of Palms

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Compare Isle of Palms, SC Cost of Living

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      The best places in South Carolina

      Here are the best places to live in South CarolinaCheck out the 10 most dangerous cities in South CarolinaThese are the 10 cheapest cities in South CarolinaSee the best places to live in Isle of Palms
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      Salary Calculator

      This is how much you would need to earn in
      Price difference in compared to
      Cost of living index
      Groceries index
      Health care index
      Housing index
      Transportation index
      Utilities index
      Lifestyle index
      Household index
      Educare index

      Median Income & Debt-To-Income Ratio

      Median Income Per Year Per Month Max Budget (28% DTI) Max Budget (36% DTI)
      Owners$201,886$16,824$4,710$6,057
      Renters$130,473$10,873$3,044$3,915
      To approximate the cost of living and the housing affordability in Isle of Palms, SC, we can look at the percentage of income that is available to be spent on monthly housing, otherwise known as the debt-to-income ratio (DTI). To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Homeowners in Isle of Palms have a median income of $201,886. Therefore, the amount that a consumer should spend on housing costs should be no more than $4,710 per month to avoid calamity and poverty. The renters in the city have an income of about $130,473, which would make their monthly maximum allowable rental costs $3,044.

      South Carolina Sales Tax

      State General Sales Tax With Max Surtax
      South Carolina 6% 9%

      South Carolina Income Tax

      State Income Tax (Low) Income Tax (High)
      South Carolina 0% 6.5%

      Nearby cities with low cost of living

      City Population Cost of Living Index National Avg.
      North Charleston, SC117,2181021.9%
      Goose Creek, SC44,2141066.4%
      Hanahan, SC26,4501109.6%
      Charleston, SC142,42712322.8%
      James Island, SC12,53412525.4%
      Isle of Palms, SC4,49318383.5%

      Cities with similar population

      City Population Cost of Living Index National Avg.
      Edgewood, OH4,4938415.9%
      Aubrey, TX4,4931055.3%
      Metzger, OR4,49213030.3%
      Harrogate, TN4,494945.7%
      Jourdanton, TX4,494927.5%
      Isle of Palms, SC4,49318383.5%
      Date & Last Updated: These cost of living estimates reflect 2026 modeled data using U.S. Census housing inputs and AI-assisted city-level pricing models.
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