Charleston in the News - September 2021 Edition
Isle of Palms - IOP - Ranked as Richest City in South Carolina
A report by Forbes Magazine ranks IOP as the state’s richest city with at least 1000 households. Based on data from the U.S. Census Bureau’s 2019 American Community Survey’s five-year estimates, it found that the city’s median household income was $122,228 and its mean household income was $175,009. When that constraint on minimum city size is removed, Kiawah claims this position on Forbes’ list. Its households have a median household income of $193,750 and a mean household income of $324,624. Recall that the median is the middle value when a data set is ordered from least to greatest while the mean (average) of a data set is the result of adding all numbers in the data set and then dividing by the number of values in the set. Read more here.
Key Findings about the Charleston Metro Area in the 2020 Census
The tri-county area is the 12th fastest growing metro area in the US. The City of Charleston’s population reached 150,227 in 2020, having grown by 14.3% since 2010. That equates to one new resident moving to the area every three hours over this period. Four other local municipalities - North Charleston, Mount Pleasant, Summerville and Goose Creek - join the City of Charleston in making the list of the state’s 10 most populous cities and towns. The Town of Mount Pleasant grew by 33%, making it South Carolina’s fourth largest municipality. Charleston County continues to be one of the state’s top three counties in terms of population size and accounted for 6% of population growth statewide. Explore the data here. And if you’re curious about interesting neighborhood trends in your zip code area, check out Esri’s interactive Tapestry map here.
Local & State Companies Make Inc.com’s Inc. 5000 List of Fastest-Growing Private Companies
Inc.com reviewed the performance of over 5,000 companies across the United States and ranked them in terms of percentage growth in revenue over a three-year period. Sixty-three South Carolina named companies made the list, of which 30 based in the Charleston area had a median growth of 138%, total revenue of $834.5 million, and added more than 1,000 jobs. Find out who they are - by revenue, industry, state or metro area - by following this link.