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EconPulse

Local economy signal dashboard

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PLACEThriving

Ravenel, SC

Thriving overall. Federal Funds is the clearest support signal, while population needs the most attention. Housing reads as affordable for a median-income household.

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Overall score79out of 100
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94
83
42
77
100

Population

2,615

Data freshness

Unknown

GDP / Output

+7.9% YoY

94

$50.5B

Output changed +7.9% in 2024.

Vintage date unknown

State growth7.2%
U.S. growth5.3%

Jobs

Unemployment rate

83

2.9%

Unemployment is 2.9% for April 2026.

Vintage date unknown

State avg4.8%
U.S. avg5.2%

Population

-1.3% 5-year

42

2,615

Population moved -1.3% over the latest ACS window.

Vintage date unknown

State population5,296,225
U.S. population334,922,499

Housing

Rent share of income

77

16.2%

Median rent consumes 16.2% of median household income: Affordable.

Vintage date unknown

State rent$1.2K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$12.6K per resident

100

$5.1B

$5.1B in federal obligations flowed here in FY2025.

Vintage date unknown

State total$137.1B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$5.1B

$12.6K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$2.1B
2. Department of Defense$1.5B
3. Department of Veterans Affairs$380.0M

Top recipients

Dollars
1. MERCEDES-BENZ VANS, LLC$285.0M
2. AMENTUM SERVICES, INC.$238.9M
3. DETYENS SHIPYARDS INC$213.7M

Affordable

Housing Affordability

16.2%

of median income

1BR estimate$914
2BR estimate$1,204
Median income$82,738
Median home value$238,700

ACS context

Quick Facts

Population

2,615

Median age

39.1

Bachelor's degree+

26.9%

Poverty rate

19.0%

Labor force participation

61.8%

Prime rate

6.8%

CPI YoY

+3.9%

U.S. GDP YoY

+5.9%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

April 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-06-16

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

-0.3%

GDP CAGR

+8.4%

Federal flow

5 years

Population (5 years)
20202,650
20212,543
20222,572
20232,594
20242,615
GDP (5 years)
2020$33.7B
2021$36.8B
2022$41.8B
2023$46.8B
2024$50.5B

2-year linear forecast

Predictive Outlook

Population forecast

20242,615
20252,589 *
20262,587 *

R² = 0.5% · * projected

GDP forecast

2024$50.5B
2025$55.0B *
2026$59.3B *

R² = 99.4% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$82,738/yr
Median rent$1,115/mo
Rent share of income16.2%
Est. mortgage (30yr, 6.5%)$14,484/yr
Mortgage share of income17.5%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate2.9%
State avg4.8%
U.S. avg5.2%
Labor force participation61.8%
Poverty rate19.0%

Data from BLS LAUS / CPS. April 2026.

valuation snapshot

Real Estate

Median home value$238,700
Median monthly rent$1,115
Price-to-rent ratio17.8x

Moderate price-to-rent ratio — buying and renting are roughly balanced in this market.

composite score

Investment Climate

Investment climateStrong
Composite score77/100
Economic growth94/100
Labor market83/100
Population momentum42/100
Overall stability79/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Ravenel town, South Carolina

City/Town

Part of

Charleston-North Charleston, SC

Nearby locations

Hollywood, SCMeggett, SCAdams Run, SCRockville, SCNorth Charleston, SC