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Want to know where you can live the South Carolina dream in some of the richest places in the state? You've come to the right place.
Yes, HomeSnacks has created a list of the top ten richest places to live in The Palmetto State for 2020 and listed them below. Incidentally, this is our sixth time ranking this southern charm, so believe us when we say that South Carolina's richest places are the creme de la creme. To identify South Carolina's richest places we looked at the latest Census data from the American Community Survey for 65 South Carolina cities with 5,000 residents. We then looked at a places median income and their unemployment and poverty rate and assigned each a score.
Now, if you want to live in South Carolina's richest places, you're going to have to bring home the bacon. The median income for many in the top ten will require that you have a solid job and the highest paying jobs in South Carolina are in healthcare and engineering. But don't worry, finding a job in one of the top ten richest places shouldn't be difficult because the unemployment rate in many of these places is below the national average.
So, want to know where South Carolina's 'one percenters' live? HomeSnacks suggests that you read on.
At the end of the day, here's the set of the 10 richest places in South Carolina for 2020:
- Mount Pleasant (Photos | Homes For Sale)
- James Island (Photos | Homes For Sale)
- Bluffton (Photos | Homes For Sale)
- Fort Mill (Photos | Homes For Sale)
- Simpsonville (Photos | Homes For Sale)
- Tega Cay (Photos | Homes For Sale)
- Lexington (Photos | Homes For Sale)
- Mauldin (Photos | Homes For Sale)
- Hanahan (Photos | Homes For Sale)
- Hollywood (>Homes For Sale)
Many of South Carolina's richest places are also the state's safest. Heck, South Carolina notables like Jesse Jackson and Vanna White have been singing the praises of places like Greenville and Myrtle Beach for years. But, there can only be one one number one richest place in The Palmetto State.
So, what's the richest place in South Carolina for 2020? According to the data, that would be Mount Pleasant.
To see a list of where the rest of South Carolina's royalty live, take a look below.
Rich people not your cup of tea? Feel free to check out some more reading about South Carolina:
The 10 Richest Cities In South Carolina For 2020
Mount Pleasant is a large suburban town in Charleston County, South Carolina, United States. It is the fourth largest municipality and largest town in South Carolina, and for several years was one of the state's fastest-growing areas, doubling in population between 1990 and 2000. The population was 67,843 at the 2010 census, and the estimated population in 2014 was 77,796. Mount Pleasant is the third largest city in the Charleston- North Charleston- Summerville metropolitan area, behind Charleston and North Charleston.
James Island is a town in Charleston County, South Carolina, United States. It is located in the central and southern parts of James Island. As defined by the U.S. Office of Management and Budget, and used by the U.S. Census Bureau for statistical purposes only, James Island is included within the Charleston-North Charleston-Summerville metropolitan area and the Charleston-North Charleston Urbanized Area.
Bluffton is a Lowcountry town in Beaufort County, South Carolina, United States. It is primarily located around U.S. Route 278, between Hilton Head Island and Interstate 95. The town's original one square mile area, now known as Old Town, is situated on a bluff along the May River. The population was counted by the 2010 census at 12,893. Bluffton is the fastest growing municipality in South Carolina with a population over 2,500, growing 882.7% between the 2000 and 2010 census. Bluffton is the fifth largest municipality in South Carolina by land area. The town is a primary city within the Hilton Head Island-Bluffton-Beaufort, SC Metropolitan Statistical Area. Bluffton is known for its eclectic Old Town district and natural views of the May River. It has been called "the last true coastal village of the South."
Fort Mill, also known as Fort Mill Township, is a town in York County in the U.S. state of South Carolina. It is a suburb of the city of Charlotte, North Carolina and is located north of Rock Hill. As of 2015, approximately 13,662 people live inside the town's corporate limits with a total of 36,119 people residing within the entire township. Some businesses and residents in the Indian Land community of neighboring Lancaster County often use Fort Mill as their city address as it is the nearest incorporated area, but the official town boundary is located only in York County.
Simpsonville is a city in Greenville County, South Carolina, United States. It is part of the Greenville-Mauldin-Easley Metropolitan Statistical Area. The population was 18,238 at the 2010 census, up from 14,352 in 2000. The population had risen to an estimated 20,736 as of 2015. Simpsonville is part of the "Golden Strip", along with Mauldin and Fountain Inn, an area which is noted for having low unemployment due to a diversity of industries including Para-Chem, Kemet, Sealed Air and Milliken.
Lexington is the largest town in and the county seat of Lexington County, South Carolina, United States. Lexington is a suburb of the state's capital and second-largest city, Columbia. The U.S. Census Bureau estimated 2016 population is 24,905, and it is the second-largest municipality in the Columbia, South Carolina metropolitan area.
Mauldin is a city in Greenville County, South Carolina, United States. The population was 15,224 at the 2000 census, 22,889 in 2010, and an estimated 25,135 in 2015. It is a principal city of the Greenville-Anderson-Mauldin Metropolitan Statistical Area.
How We Determined The Richest Places In South Carolina For 2020
The first thing that comes to most people's minds when they think about determining the richest places is to simply identify personal incomes. After all, rich people have really high salaries.
However, we don't believe that one statistic wholly encompasses what it means to be one of the "richest places". So we looked at this set of criteria from the newly released 2014-2018 American Community Survey:
- Poverty Level
- Median Household Income
- Unemployment Rate
Median household income is the most digestible way to understand how rich a place really is. The unemployment rate tries to capture the prospects for more people to become rich. If more people are employed, the richer the future looks.
After we collected the data for all 65 places with more than 5,000 people in South Carolina, we ranked each place from 1 to 65 for each of the criteria, with 1 being the richest.
We then averaged all the rankings for a place into a "Rich Score" with the place having the lowest overall Rich Score, Mount Pleasant, crowned the "Richest City In South Carolina For 2020". You can download the data here.
You can learn more about the top ten below or skip to the end to see the rankings for all 65 places.
There You Have It - The Wealthiest Places In South Carolina For 2020
Like we said earlier, when we set out to identify the richest places in South Carolina, we weren't sure what we'd encounter, but it ended up being some of the best places to live in South Carolina.
When you look at the data, the cities and places mentioned above meet the criteria for being at the very top of the income ladder for everyone that lives there.
If you're curious enough, here are the poorest cities in South Carolina, according to data:
2nd Poorest: Cheraw
3rd Poorest: Union
For more South Carolina reading, check out:
- Best Places To Raise A Family In South Carolina
- Worst Places To Live In South Carolina
- Cheapest Places To Live In South Carolina
Detailed List Of The Richest Cities In South Carolina
|13||Hilton Head Island||14.0|
|21||North Myrtle Beach||20.0|