Charleston, SC Economic Development


Quality of Life

Anyone who's been here understands the Charleston allure. It's no wonder more than 25 new residents are added to the region each day.

In addition to Charleston's acclaimed culture, cuisine, entertainment and beaches, residents here enjoy a diverse range of housing options, one of the most impressive medical hubs in the Southeast, and a mild year-round climate – all at a cost of living below the national average.
related information

HousingClimateCost of LivingHealthcareArts & Recreation
With 27 incorporated communities, residential areas range from the rural towns of Jamestown and St. George to the vibrant, urban areas of Charleston and North Charleston. The growing demand for housing has spawned a number of new residential opportunities throughout the region, and most price ranges are well represented. For current residential real estate listings, visit the Charleston Trident Association of Realtors.

Charleston S.C. MSA Residential Home Sales by Zip Code Area

Area Name  Zip Code  Residential Units Sold, 2007  Median Selling Price, 2007  Average Selling Price, 2007 
Total Charleston S.C. MSA 12,516 $209,020 $300,446
Adams Run 29426 3 $162,500 $199,166
Awendaw 29429 8 $390,000 $1,034,937
Bonneau 29431 38 $93,750 $169,064
Charleston Peninsula 29401 262 $732,500 $1,013,245
Charleston Peninsula 29403 274 $331,250 $408,690
Cross 29436 16 $99,000 $97,101
Daniel Island/Wando/Cainhoy 29492 507 $398,000 $480,422
Dorchester 29437 14 $160,000 $175,278
Edisto Island 29438 125 $365,000 $476,697
Folly Beach 29439 95 $570,000 $611,582
Goose Creek 29445 1,045 $171,983 $184,968
Hanahan 29410 292 $199,990 $201,894
Harleyville 29448 5 $141,000 $99,300
Hollywood 29449 53 $263,000 $334,300
Huger 29450 13 $125,000 $155,280
Isle Of Palms 29451 152 $912,500 $1,180,388
James Island 29412 682 $261,000 $311,671
Jamestown 29453 4 $68,550 $170,245
Johns Island 29455 410 $261,809 $443,987
Ladson 29456 646 $155,000 $157,293
McClellanville 29458 11 $265,000 $245,227
Moncks Corner 29461 586 $189,995 $194,489
Mount Pleasant 29464 883 $337,000 $462,013
Mount Pleasant 29466 855 $362,500 $398,459
North Charleston 29405 267 $123,000 $163,091
North Charleston 29406 346 $150,000 $155,579
North Charleston 29418 368 $162,110 $166,556
North Charleston 29420 315 $179,900 $234,437
Pineville 29468 6 $91,700 $114,566
Pinopolis 29469 6 $239,500 $255,500
Ravenel 29470 17 $182,500 $263,154
Reevesville 29471 4 $143,000 $324,000
Ridgeville 29472 29 $145,000 $175,125
St. George 29477 27 $105,000 $116,322
St. Stephen 29479 29 $107,800 $95,822
Sullivans Island 29482 27 $1,900,000 $2,210,342
Summerville 29483 1,359 $177,000 $198,626
Summerville 29485 1,343 $201,793 $214,165
Wadmalaw Island 29487 13 $710,000 $821,310
West Ashley 29407 571 $201,000 $242,046
West Ashley 29414 841 $218,500 $236,206
Source: Charleston Trident Association of Realtors, 9/2008

Apartment Rentals

The Charleston region has a large number of apartment rental options. The average monthly apartment rent for a two-bedroom, two-bath unfurnished apartment excluding all utilities except water is $896.

Apartments: Average Monthly Rental by Sub-Market (Feb 2007)

Submarket  1-bedroom unit  2-bedroom unit  3-bedroom unit 
Downtown Charleston $654 $731 $649
West of the Ashley River 656 745 876
Goose Creek 632 709 838
James Island 799 935 1,098
Mount Pleasant 834 961 1,055
North Charleston 587 686 781
Summerville 629 736 906
Source: Carolinas Real Data, www.aptindex.com


For information on current residential real estate offerings, visit the Charleston Trident Association of Realtors.
The climate of greater Charleston is considered "temperate to subtropical." On average, the region enjoys 230 days of sunshine each year, and the average growing season lasts 294 days.

Latitude32° 54' N
Longitude80° 02' W
Average Daily Temperature65.7° F; 18.7° C
Average Daily High75.2° F; 24.0° C
Average Daily Low56.1° F; 13.4° C
Average Days with Sunshine63%
Average Precipitation50.08"; 127.2 cm
Average Relative Humidity71%


Monthly Averages, Charleston International Airport

Month  Temp (°F)  Temp (°C)  Relative Humidity  Precipitation (inches)  Precipitation (centimeters) 
January 49.2 9.6 69.0% 3.20 8.13
February 51.3 10.7 67.5% 3.17 8.05
March 57.6 14.2 66.5% 3.97 10.08
April 64.9 18.3 66.5% 2.70 6.86
May 72.6 22.6 69.0% 3.51 8.92
June 78.6 25.9 72.5% 5.77 14.66
July 81.4 27.5 75.0% 7.34 18.64
August 80.5 26.9 76.5% 6.82 17.32
September 76.3 24.6 76.0% 5.38 13.67
October 66.8 19.3 72.5% 2.93 7.44
November 58.0 14.4 70.0% 2.33 5.92
December 50.8 10.4 69.5% 2.95 7.49
Annual 65.7 18.7 71.0% 50.08 127.20
Source: Southeast Regional Climate Center
Compared to many other thriving coastal communities, Charleston offers a reasonable cost of living according to the ACCRA Cost of Living Index. This quarterly survey compares relative living costs for middle-management households among U.S. metropolitan areas and cities. Charleston residents also get a break when it comes to taxes, with the area's state and local tax burden significantly lower than the national average.

Charleston, SC MSA Cost of Living Index

All Items (Composite) 97.8
    Grocery Items 100.5
    Housing 90.3
    Utilities 102.0
    Transportation 97.8
    Health Care 110.3
    Misc. Goods & Services 100.1
U.S. Cities Baseline Index = 100
Source: ACCRA Cost of Living Index, 2007 Annual Average


Tax Burden, 2005

  South Carolina  United States 
State and Local Taxes Total $2,779 $3,698
    Property $880 $1,132
    Sales & Use $714 $887
    Individual Income $634 $813
    Corporate Income $58 $145
State and Local Taxes per $1,000 of Personal Income $103.85 $112.84
Source: TaxFoundation.org using US Census Bureau data, 2007


The South Carolina tax average is lower than the United States for property, sales & use, individual and corporate income. For more information on state and local tax structure, visit Taxes & Incentives or Personal Taxes.
With more than 2,000 physicians, 10 major medical facilities and a strong commitment to medical research, the Charleston region offers a vital health and wellness community. Three nationally recognized hospital systems serve the region, as well as numerous medical centers considered among the best in the United States. In all, more than 24,000 people are employed by the local healthcare industry.

Major Hospitals & Medical Facilities

Hospitals / Medical FacilitiesContactBeds/Employees
Charleston Memorial Hospitalwww.musc.edu/cmh172 beds; 135 employees
East Cooper Medical Centerwww.eastcoopermedctr.com100 beds; 600 employees
Medical University of South Carolina (MUSC)www.musc.edu752 beds; 10,000 employees
Ralph H. Johnson V.A. Medical Centerwww.charleston.va.gov145 beds; 1,100 employees
Roper St. Francis Healthcare
(Two area hospital facilities)
www.ropersaintfrancis.com594 beds; 2,900 employees
Trident Health System
(Two area hospital facilities)
www.tridenthealthsystem.com390 beds; 2,000 employees
Naval Health Clinic Charlestonwww.nhchasn.med.navy.mil540 employees
Source: Center for Business Research, 9/07
Charleston area residents actively support the performing and visual arts – including a world-class symphony orchestra, a ballet company, several stage companies, a number of museums and a growing base of art galleries. In fact, AmericanStyle magazine lists the Charleston area as one of the top 10 art destinations in the United States.

For the outdoors enthusiast, acres of freshwater lakes, a large national forest, miles of beaches and 160 parks provide the perfect setting for numerous outdoor activities, including sailing, kayaking, fishing, hiking, hunting, windsurfing and water skiing.

To learn more about lifestyle options in the Charleston region, visit our Living & Working Here section.