Real Estate & Cost of Living
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.
MSA Residential Home Sales by Zip Code Area
|
ZIP Code
|
Median Selling
Price, 2008
|
Average Selling
Price, 2008
|
|
29405
|
$154,000
|
$174,906
|
|
29406
|
$148,000
|
$145,865
|
|
29418
|
$145,000
|
$152,549
|
|
29420
|
$166,380
|
$199,354
|
|
29456
|
$152,500
|
$154,742
|
|
29485
|
$189,995
|
$204,035
|
Source: Charleston Trident Associatin of Realtors, 4/2009.
MSA Apartments, Average Monthly Rent by Sub-Market (Feb 2009)
1-Bedroom Unit |
2-Bedroom Unit |
3-Bedroom Unit |
$625 |
$686 |
$808 |
Source: Real Data Inc., www.aptindex.com. Average monthly rent prices exclude all utilities except water.
North 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.
MSA Cost of Living Index
All Items (Composite) |
96.8 |
Grocery Items |
100.0 |
Housing |
89.4 |
Utilities |
100.0 |
Transportation |
98.0 |
Health Care |
105.4 |
Miscellaneous Goods and Services |
99.7 |
U.S. Cities Baseline Index = 100 |
|
Source: ACCRA Cost of Living Index, 2008 Annual Average.
Tax Burden, 2006
|
|
South Carolina
|
United States
|
|
State and Local Taxes, Total (Per Capita)
|
$2,899
|
$4,020
|
|
Property
|
$923
|
$1,208
|
|
Sales & Use
|
$765
|
$949
|
|
Individual Income
|
$635
|
$903
|
|
Corporate Income
|
$69
|
$178
|
|
State & Local Taxes per $1,000 of Personal Income
|
$102.76
|
$116.22
|
Source: TaxFoundation.org, 2008