Quick facts: Charleston, SC

Quick Facts

115.2
Cost of Living
above US average
153,672
Population
22.44
Crime Rate per 1000
below US average
$83,891
Median Income
above US average
$995,000
Median House Price
above US average
$2960.87
Average Rent
above US average
12%
Poverty Rate
above US average
3.8%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $83,891.

🏠

Income Needed to Buy

βœ— Stretch
$312k/year
Based on $995,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $312k vs median $83,891
🏒

Income Needed to Rent

⚠ Stretch
$127k/year
Based on $2960.87/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $127k vs median $83,891
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Charleston, SC

Charleston, South Carolina, is a historic city known for its well-preserved architecture, rich history, and vibrant culture. Founded in 1670, it played a significant role during the American Revolution and Civil War. The city features cobblestone streets, antebellum mansions, and historic sites, including Fort Sumter National Monument, where the first shots of the Civil War were fired. Charleston's charm is accentuated by its bustling waterfront, picturesque harbor, and the iconic Rainbow Row, a series of colorful historic houses. The city's culinary scene is renowned for its seafood and Lowcountry cuisine, with numerous award-winning restaurants. The city also hosts several annual events, such as the Spoleto Festival USA, showcasing performing arts, and the Charleston Food + Wine Festival. With its warm climate, beautiful beaches like Folly Beach and Sullivan's Island, and friendly atmosphere, Charleston offers a unique blend of relaxation and exploration, making it a popular destination for tourists and a beloved home for its residents.

πŸ” Search & Compare Places

First Location πŸ“