Quick facts: Hilton head island, SC

Quick Facts

102.3
Cost of Living
above US average
38,069
Population
0.16
Crime Rate per 1000
below US average
$93,694
Median Income
above US average
$679,000
Median House Price
above US average
$2918.42
Average Rent
above US average
5%
Poverty Rate
below 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 $93,694.

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Income Needed to Buy

βœ— Stretch
$213k/year
Based on $679,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $213k vs median $93,694
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Income Needed to Rent

⚠ Stretch
$125k/year
Based on $2918.42/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $125k vs median $93,694
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Hilton head island, SC

Hilton Head Island is a picturesque barrier island located in South Carolina's Lowcountry, known for its stunning beaches, lush landscapes, and vibrant wildlife. Spanning approximately 12 miles in length, the island is celebrated for its commitment to environmental preservation, featuring extensive nature preserves and a significant portion of its land dedicated to parks and recreation areas. The island's crown jewel is its beautiful beaches, with over 12 miles of sandy shoreline offering excellent opportunities for swimming, sunbathing, and various water sports. Popular activities include kayaking, paddleboarding, and dolphin watching. Home to world-renowned golf courses and tennis facilities, Hilton Head attracts sports enthusiasts year-round. Cultural experiences abound, with a rich history rooted in Gullah culture, art galleries, and a variety of dining options featuring fresh seafood and Lowcountry cuisine. The island is also home to the annual Heritage Golf Tournament, which attracts visitors from all over. With its laid-back atmosphere, Hilton Head Island is ideal for families, outdoor adventurers, and those seeking relaxation amidst breathtaking natural scenery.

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