Isle of Palms is a very small coastal city (i.e. on the ocean, a bay, or inlet) located in the state of South Carolina. With a population of 4,360 people and two constituent neighborhoods, Isle of Palms is the 88th largest community in South Carolina.
Isle of Palms home prices are not only among the most expensive in South Carolina, but Isle of Palms real estate also consistently ranks among the most expensive in America.
Isle of Palms is a decidedly white-collar city, with fully 90.28% of the workforce employed in white-collar jobs, well above the national average. Overall, Isle of Palms is a city of professionals, managers, and sales and office workers. There are especially a lot of people living in Isle of Palms who work in management occupations (19.38%), sales jobs (16.25%), and office and administrative support (7.89%).
Also of interest is that Isle of Palms has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 11.79% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Another notable thing is that Isle of Palms is an extremely popular destination for tourists and seasonal residents. So much of the population is seasonal such that the city’s population swells significantly during the vacation season, and drops again when the season ends. Because of this, much of the local economy is centered around tourism; some businesses may be operated only during the high season. During the low season, year-round residents will notice that the city is a substantially quieter place to live.
In addition, Isle of Palms is home to many people who could be described as "urban sophisticates". Urban sophisticates are educated, wealthy, executives and professionals, who have urbane tastes in books, food, and travel, whether they actually live in a big city, or choose to reside in a small town. In big or medium-sized cities, urban sophisticates tend to frequent art institutions such as opera, symphonies, ballet, live theatre, and museums.
Isle of Palms is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Isle of Palms’s overall crime rate is lower than average for the country.
One of the nice things about Isle of Palms is that it is nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Because of this, visitors and locals will often go to these areas to take in the scenery or to enjoy waterfront activities.
Do you have a 4-year college degree or graduate degree? If so, you may feel right at home in Isle of Palms. 70.09% of adults here have a 4-year degree or graduate degree, whereas the national average for all cities and towns is just 21.84%.
The per capita income in Isle of Palms in 2018 was $74,127, which is wealthy relative to South Carolina and the nation. This equates to an annual income of $296,508 for a family of four.
The people who call Isle of Palms home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Isle of Palms residents report their race to be White, followed by Asian. Important ancestries of people in Isle of Palms include Irish, English, German, Scottish, and French.
The most common language spoken in Isle of Palms is English. Other important languages spoken here include French and Polish.