Isle of Palms Average Income, Population and Demographics

Are you tired of spending 10+ hours searching for demographic and population data for Isle of Palms, South Carolina? We have all of the data you need by state, county, city, and zip code that will save you many hours of research!

In this article, we'll explore most of the 190+ data points we have for Isle of Palms, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

The data on this page is from the 2022 American Community Survey (ACS) 5-Year survey from the US Census Bureau.

Median Household Income

According to the latest ACS 5-year survey in 2022, the median household income in Isle of Palms is $160,417.00.

The chart below shows the average household income by age in Isle of Palms.

• Under 25
  $0.00
• 25 to 44
  $250,001.00
• 45 to 64
  $144,264.00
• 65 and over
  $129,750.00

Average Household Income

A very commonly asked question is "what is the average household income in Isle of Palms, South Carolina?". The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households.

The average (or mean) household income in Isle of Palms is $268,363.00.

44.76% of households in Isle of Palms, South Carolina are classed as high income households (making $200,000+ per year).

Household Income Tiers for Isle of Palms

We can also look at the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households.

The chart below shows the household income brackets to see which age groups have the highest median income. The actual data is more granular than these brackets, but we've simplified them into bigger categories to make reviewing the data for Isle of Palms, South Carolina easier to view.

You can purchase the raw data above, which will have the full income tiers with smaller jumps in household income.

• Less than $24,999
  4.31%
• $25,000 to $49,999
  7.34%
• $50,000 to $74,999
  8.32%
• $75,000 to $99,999
  10.68%
• $100,000 to $149,999
  18.89%
• $150,000 to $199,999
  5.70%
• $200,000 or more
  44.76%

Per Capita Income

The per capita income is the average income of all people in Isle of Palms, South Carolina. This is calculated by dividing the total income of all people in Isle of Palms by the total number of people in Isle of Palms.

It differs from the average or mean household income because it includes all people in Isle of Palms and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).

The per capita income in Isle of Palms, South Carolina is $119,429.00.

Population in Isle of Palms by Race and Ethnicity

The total population in Isle of Palms is currently 4,347 people.

The race and ethnicity of the population in Isle of Palms can be very important for social research, economics, and marketing to a multi-culturial society.

Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas.

The chart below breaks down the population and percentage for each race and ethnicity in Isle of Palms, South Carolina.

• 0.90% White
  39
• 98.80% Black/African American
  4,294
• 96.30% Native
  4,186
• 0.60% Hispanic
  25
• 0.00% Asian
  0
• 0.00% Hawaiian/Pacific Islander
  1
• 0.00% Two or more races
  0
• 2.10% Other
  92

Population of Isle of Palms by Age and Gender

Another very important demographics statistic for Isle of Palms, South Carolina is the age and gender of the population. The age and gender of the population can be used to track trends in population growth or decline, and for businesses, the data can be used to identify people important to you and your business need.

In the table below, we show age groups at a 10 year granularity for ease of use. The raw data, which can be purchased above, includes age and gender at a 5 year granularity.

Education Levels

Educational attainment is a very useful statistic that can give insights into other data such as the average household income, unemployment levels, and literacy.

What this means is that it is likely for areas that have higher levels of education to have higher average household incomes, lower unemployment rates, and higher literacy rates.

The chart below shows the educational attainment of the population in Isle of Palms, South Carolina.

• Master's degree or higher
  37.86%
• Bachelor's degree
  51.54%
• Some college or associate's degree
  3.21%
• High school diploma or equivalent
  7.39%
• Less than high school diploma
  0.00%

Unemployment Rates

The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The unemployment rate is a very important statistic for Isle of Palms because it can show how many people are actively looking for work and how many people are unable to find a job.

Lower levels of unemployment is generally seen as a positive sign for the economy. It also makes the government in Isle of Palms look good because it shows that they are doing a good job of creating jobs, working to capacity, being efficient, and keeping the economy strong.

The unemployment rate is calculated using the total population in Isle of Palms, South Carolina that are over the age of 16.

The current population in Isle of Palms that are over the age of 16 is 3,680 people.

The unemployment rate in Isle of Palms is 0.70%, which means 14 people are unemployed.

Median Age in Isle of Palms

The median age is an interesting metric because it gives us an idea of the age distribution of people in Isle of Palms, South Carolina. You know when you see a median age that it is the age where half of the population is older and half is younger than it.

For demographic studies, this can be used to infer and compare date to things such as birth rates, the age of parents, and so on.

An increasing median age can be a sign of an aging population, which can be a sign of a declining population. This is because older people tend to have fewer children and die more often than younger people.

The median age in Isle of Palms is 51.7 years old.

We can also look at the median age by gender to compare the see how each group compares to the total median age:

Median age by gender in Isle of Palms

51.7

Total

53.1

Male

50.7

Female

Households and Families

There are a total of 1,948 households in Isle of Palms, and the average household size is 2.23 people.

For families, the total number is 1,358, and the average family size is 2.69 people.

1.20% of those families in Isle of Palms, South Carolina are living below the poverty line.

The table below shows the poverty thresholds for Isle of Palms in .

Households and Families by Marital Status

There are four types of household and family, as defined by the Census Bureau:

• Married-couple
• Male householder, no spouse present
• Female householder, no spouse present
• Nonfamily household

In the table below, you can see the total households and families in Isle of Palms, South Carolina for each type, as well as the average sizes.

Housing Data in Isle of Palms

There are total of 4,429 housing units in Isle of Palms, South Carolina. Of those units, 1,948 (43.98%) are occupied, and 2,481 (56.02%) are vacant.

Rental Rates

Of the 4,429 housing units in Isle of Palms, 167 (3.77%) are occupied by renters. The median rent paid by renters is $3,103.00.

Owner occupied housing units make up the remaining 39.60% of housing units, with 1,754 housing units in total.

The table below breaks down how much rent is paid by renters in Isle of Palms, South Carolina.

• No rent paid
  27
• Less than $500
  0
• $500 to $999
  0
• $1,000 to $1,499
  8
• $1,500 to $1,999
  27
• $2,000 to $2,499
  39
• $2,500 to $2,999
  0
• $3,000 or more
  93

Property Values

The median value of a property in Isle of Palms is $1,065,500.00.

The table below breaks down the range of valuations for all properties in Isle of Palms.

• Less than $50,000
  0
• $50,000 to $99,999
  0
• $100,000 to $149,999
  0
• $150,000 to $199,999
  10
• $200,000 to $299,999
  41
• $300,000 to $499,999
  49
• $500,000 to $999,999
  711
• $1,000,000 or more
  943

Property Age

We can also look at the number of properties built in a given year to see the spread of property age in Isle of Palms, South Carolina.

• 1939 or earlier
  23
• 1940 to 1949
  118
• 1950 to 1959
  290
• 1960 to 1969
  379
• 1970 to 1979
  586
• 1980 to 1989
  1,481
• 1990 to 1999
  769
• 2000 to 2009
  555
• 2010 to 2013
  228
• 2014 or later
  0

Vehicles Available per Household

Finally, we have data on how many vehicles each household in Isle of Palms has. The table below breaks down the number of vehicles available per household.

• No vehicles available
  10
• 1 vehicle available
  564
• 2 vehicles available
  998
• 3 or more vehicles available
  376

Commuting to Work in Isle of Palms

The time and means of commuting to work are useful metrics to look at because they can be correlated against other data such as income and education level.

Does a longer commuting time indicate a higher average income? If so, has the huge increase in home working during the pandemic changed this?

Using these metrics, we can get a better understanding of the demographics of Isle of Palms, South Carolina, how they commute, and how that correlates to other data points.

The average travel time is 28.4 minutes, and the chart below covers the range of travel times across the population of Isle of Palms.

• Less than 5 minutes
  60
• 5 to 9 minutes
  125
• 10 to 14 minutes
  86
• 15 to 19 minutes
  137
• 20 to 24 minutes
  162
• 25 to 29 minutes
  134
• 30 to 34 minutes
  469
• 35 to 39 minutes
  56
• 40 to 44 minutes
  85
• 45 to 59 minutes
  42
• 60 to 89 minutes
  12
• 90 or more minutes
  56

We can also look at the means of transport in Isle of Palms to see which modes of transport people are using to commute to work.

• Drove alone
  1,218
• Carpooled
  115
• Public transportation
  7
• Walked
  31
• Other means
  53
• Worked from home
  475

Conclusion

Hopefully this article has given you the demographics data you were looking for in Isle of Palms, South Carolina.

If you need more demographics data, or you need the data listed above in spreadsheet form with more granular grouping, head back to the top of this page where you can purchase the complete demographics data for Isle of Palms.

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