Isle of Palms is a very small coastal city (i.e. on the ocean, a bay, or inlet) located in the state of South Carolina. With a population of 4,371 people and two constituent neighborhoods, Isle of Palms is the 88th largest community in South Carolina.
Isle of Palms home prices are not only among the most expensive in South Carolina, but Isle of Palms real estate also consistently ranks among the most expensive in America.
Isle of Palms is a decidedly white-collar city, with fully 87.63% of the workforce employed in white-collar jobs, well above the national average. Overall, Isle of Palms is a city of professionals, managers, and sales and office workers. There are especially a lot of people living in Isle of Palms who work in management occupations (12.99%), healthcare (12.55%), and sales jobs (12.37%).
Also of interest is that Isle of Palms has more people living here who work in computers and math than 95% of the places in the US.
Telecommuters are a relatively large percentage of the workforce: 11.67% of people work from home. While this number may seem small overall, as a fraction of the total workforce it is high relative to the nation. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Another notable thing is that Isle of Palms is an extremely popular destination for tourists and seasonal residents. So much of the population is seasonal such that the city’s population swells significantly during the vacation season, and drops again when the season ends. Because of this, much of the local economy is centered around tourism; some businesses may be operated only during the high season. During the low season, year-round residents will notice that the city is a substantially quieter place to live.
Isle of Palms is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities.
If knowledge is power, Isle of Palms is a pretty powerful place. 70.60% of the adults in Isle of Palms have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Isle of Palms in 2010 was $56,799, which is wealthy relative to South Carolina and the nation. This equates to an annual income of $227,196 for a family of four. However, Isle of Palms contains both very wealthy and poor people as well.
The people who call Isle of Palms home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Isle of Palms residents report their race to be White, followed by Black or African-American. Important ancestries of people in Isle of Palms include Irish, German, Italian, and Scottish.
The most common language spoken in Isle of Palms is English. Other important languages spoken here include Spanish and French.