Charleston, SC Economic Development


Local Lifestyle

With a mild year-round climate, miles of beaches and waterway, a burgeoning art scene and several up-and-coming neighborhoods, it's no wonder people who visit Charleston have a hard time leaving. The region is becoming the destination of choice for today's young and experienced professionals.

Cited as the "best place to live" on the East Coast by Outside magazine and a "job market leader" by Bizjournals, Charleston provides the right mix of business opportunity and quality lifestyle found in few places around the world.
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Weather & ClimateCost of LivingHousingHealth & WellnessChild CareChurches & WorshipLocal Media
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 Temperature65.3° F; 18.5° C
Average Daily High75.9° F; 24.4° C
Average Daily Low54.7° F; 12.6° C
Average Days with Sunshine63%
Average Precipitation51.53"; 130.89 cm
Average Relative Humidity86%


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


Seasonal Conditions

In the Spring, surfers hit the beaches and Charleston's festival season is in full gear. Spring - In the Charleston region, the spring season is the most spectacular time of the year. From early March into early June, azaleas, dogwoods and other spring garden flowers bloom in abundance. Average springtime temperatures range from 58° F (14.4° C) to 72° F (22.2° C).
Summer is the time for local farmer's markets and days spent on the water. Summer - Summers in the Charleston region are warm and humid. Average daily temperatures range from 78° F (25.6° C) to 82° F (27.8° C), with daily highs averaging between 87° F (30.6° C) to 91° F (32.8° C). The area's coastal location results in a cooling effect, which often helps keep temperatures several degrees cooler than those inland. Summer is the area's wettest season, with 41% of total rainfall occurring during this period. However, cooling afternoon showers or thunderstorms are responsible for much of this rain.
Nothing says 'Fall' more than oyster roasts and other Lowcountry favorites. Autumn - From the start of autumn in late September continuing into early November, the weather is typically sunny and temperature extremes are rare. Pre-winter cold spells generally occur by late November. In September, temperatures average 76° F (24.4° C). By November, the average daily temperature has fallen to 58° F (14.4° C).
Winter is a special time for Charleston locals, with intimate gatherings of friends and neighbors. Winter - Winter in the Charleston region starts in December and runs through February. The winter season is typically mild, with periods of rain and a slight chance of snow flurries in late December and early January. Daily temperatures average between 47° F (8.3° C) and 52° F (11.1° C). The region generally experiences its first freeze in early December, with the last freeze in late February. Temperatures of 20° F (6.7° C) or less rarely occur.
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.


Source: ACCRA Cost of Living Index, Q2/2007

The composite index is based on six components. The component index figures for the Charleston area are as follows:
Components Index
Grocery Items102.3
Housing90.6
Utilities102.2
Transportation96.8
Health Care109.5
Miscellaneous Goods and Services102.1
All Items (Composite)98.7

Source: ACCRA Cost of Living Index, Q2/2007
Prepared by: Center for Business Research, Charleston Metro Chamber of Commerce


S.C. Tax Burden Lower than U.S. Average

The South Carolina tax average is lower than the United States for property, sales & use, individual and corporate income.

For more information on personal income, sales and property taxes, visit our taxes and incentives section.


Source: TaxFoundation.org using US Census Bureau data, 2007

Tax Burden, 2005 South Carolina United States
State and Local Taxes Per Capita, 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
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. Ambulatory care centers and branches of these medical centers are located throughout the region.

Area medical facilities offer a full range of specialized diagnostic and patient care options, including:
  • The only designated Level 1 Trauma Center in coastal South Carolina
  • A national top 10 children's hospital for emergency care
  • An emergency medical transport service, available 24 hours a day, to transfer patients by helicopter, fixed-wing airplane or ground ambulance services
  • The most complete line of cardiac and vascular services in the state of South Carolina
  • Comprehensive, state-of-the-art cancer care
  • One of the nation's top 10 psychiatric research centers in terms of research funding
  • The only center in South Carolina performing a full range of transplants, including heart, kidney, pancreas, liver, cornea, small bowel and bone marrow
  • A national top 40 hospital in the area of digestive diseases
  • The only PET scanner in coastal South Carolina

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

In addition to the wide availability of Western medicine, this region also supports an abundant range of wellness programs, yoga and exercise centers, and a college for massage therapy.

For a comprehensive list of fitness centers, chiropractors and salons/spas in the area, please visit PalmettoBizBuzz.
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.
More than 70,000 households in the Charleston region include children under the age of 18 (totaling more than 136,000 children). For two-thirds of those children, working parents mean a high demand for reliable child care services. In addition to private day care centers and in-home child care, many public schools offer pre-school programs. To search for child care services in the region, please visit PalmettoBizBuzz or learn more about our area's school programs.

From the mouths of Charleston parents regarding child care day services in the area:

"I really feel my son has advanced since joining this school. The staff cares about the children and they all seem to love their jobs."

"My children have been going here for two years. We are very happy. My children are challenged daily by the age appropriate curriculum and loved by the caring staff members."

"Great teachers, caring atmosphere, structured curriculum, wonderful extras. Clean, bright in a quiet church environment. My children have flourished here and made lasting friendships."
For many area residents, religion and spirituality play a central role in their lives. Charleston was founded on the notion of religious freedom, and many historic churches and synagogues are still in use. Often referred to as the "Holy City," newer churches and places of worship are located throughout the region.

For a comprehensive list of churches and religious centers in the area, please visit PalmettoBizBuzz.

Church steeples can be seen throughout Charleston's skyline adding the historic charm and architectural beauty of the region.

From the mouths of Charleston residents regarding churches and worship centers in the area:

"Great church community! Lots of love and fellowship and lots of caring can be found at this church! Good, practical teaching and great music! Wonderful 35-plus singles ministry!"

"Nice, low-key friendly place to look for a new church. Nice people - a younger 20s to early 50s type group at the modern service, lots of emphasis on family and children's classes/Sunday school. Excellent pre-school is open to non-members, too."

"Wonderful church family! Very friendly, services range from Sat evenings for the younger folks to traditional Sun 8 a.m. svcs for the older folks and regular services at 8:45 & 11 for everyone else. Music groups of all sorts and ages available, sports groups as well. If you are looking for a church home this is the place!"
Local media websites are excellent resources for learning about business and community issues in the Charleston region.

Newspapers / Online News

The Post and Courier - Published each morning, this is the Charleston region's daily newspaper.
Charleston Regional Business Journal - Produced twice monthly, this journal chronicles business activities in the region.
Charleston City Paper - The Charleston area's alternative weekly newspaper; includes news, features and entertainment.
Summerville Journal Scene - Published twice each week, this newspaper covers the growing Summerville area.
Swamp Fox - This online resource compiles news of the knowledge economy in South Carolina.

Blogs

Charleston Inspired - A grassroots effort to promote the Charleston regional branding initiative, Charleston Inspired.
Charleston's Most Unique - A word of mouth directory for businesses, people, places & events.
Charleston Magazine - Information about Charleston 'society', 'style' and 'Spoleto Festival USA'.

Magazines

Charleston Magazine - This glossy, four-color monthly publication provides lifestyle articles for locals and frequent visitors.
Skirt! - This monthly magazine is focused on issues of importance to women.

Television Stations

WCSC TV 5 - Local CBS affiliate.
WCIV TV 4 - Local ABC affiliate.
WCBD TV 2 - Local NBC affiliate.

News Radio

730 WSC - Local station featuring a news / talk format.
1250 WTMA - Local station featuring a news / talk format.
94.3 WSC FM - Local station featuring a news / talk format.

For a full list of local media, visit SCIway.net.