Quick facts: Pawleys island, SC

Quick Facts

115.5
Cost of Living
above US average
133
Population
75.19
Crime Rate per 1000
above US average
$91,250
Median Income
above US average
$510,000
Median House Price
above US average
$3817.8
Average Rent
above US average
6%
Poverty Rate
below US average
3.9%
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 $91,250.

🏠

Income Needed to Buy

βœ— Stretch
$160k/year
Based on $510,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $160k vs median $91,250
🏒

Income Needed to Rent

⚠ Stretch
$164k/year
Based on $3817.8/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $164k vs median $91,250
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Pawleys island, SC

Pawleys Island is a charming coastal town located in South Carolina, known for its laid-back, serene atmosphere and beautiful natural surroundings. This picturesque barrier island is situated along the Atlantic coast, just south of Myrtle Beach, making it a popular destination for those seeking a quieter beach experience, while still being close to a more bustling area. The town is famous for its expansive, undeveloped beaches, which offer stunning views of the ocean and opportunities for sunbathing, swimming, and fishing. Pawleys Island is also known for its historic architecture, including charming old cottages that date back to the 18th century, contributing to its quaint, inviting character. Nature enthusiasts will appreciate the nearby salt marshes and the Pawleys Island Nature Trail, ideal for birdwatching and enjoying the local flora and fauna. The area boasts several golf courses, restaurants serving fresh seafood, and access to water sports such as kayaking and paddleboarding. Overall, Pawleys Island is an ideal destination for visitors looking to relax, explore nature, and enjoy a slower pace of life by the sea.

πŸ” Search & Compare Places

First Location πŸ“