Executive Financial Report: Parris Island (29905)
Evaluating relocation options in Beaufort? The financial benchmark for residing in Parris Island, SC (29905) indicates that a single worker needs roughly $3,736 monthly ($44,835.527 annually) to maintain an adequate standard of living.
Shelter expenses in Parris Island occupy a healthy and balanced 28% share of monthly expenditures, averaging $1,032 per month for rent and utility baselines. This moderate allocation provides residents with sufficient budget elasticity to cover transportation, healthcare, and personal savings goals.
Local earnings in Parris Island (29905) demonstrate strong purchasing power. The area median family income of $81,560 significantly exceeds the annual baseline living threshold ($44,835.527) by a ratio of 1.82x. This economic buffer allows local households to comfortably absorb inflationary spikes and build long-term wealth.
Tax obligations represent roughly 17% ($623/month) of baseline monthly spending in zip code 29905. State and federal tax obligations form a consistent component of monthly financial planning. Meanwhile, essential groceries average $314 monthly for single adults.
In summary, living in Parris Island, SC requires balancing local real estate conditions with prevailing regional wage structures. Use the interactive calculator below to adjust these benchmarks for multi-person family households or compare 29905 against other US destinations.