Whether you crave a sandy coastline to enjoy life by the sea or it’s the appeal of remote island life without the worries of big-city living, living on an island is a big draw for many people. The word “island,” though, may conjure big dollar signs. But guess what?! Island life may be more affordable than you thought. In fact, you can buy a home on one island for less than $95,000!
To determine the most affordable islands (and a few peninsulas) to live on, Moms Who Think reviewed five-year data on median household value and median household income from the U.S. Census Bureau’s 2022 American Community Survey . Island cities, towns, and Census-designated places were ranked based on the ratio of median home value to median household income. Island status was determined using Census TIGER/Line place boundary definitions for 2022 and shapefile data from the Global Island Explorer database developed by the U.S. Geological Survey in partnership with Esri.
Herron Island, WA ©SNC Art and More/Shutterstock.com
Median home value: $310,400 (5.0 times income) Median household income: $62,054 Total population: 122 Puget Island, WA ©Jrob622/Shutterstock.com
Median home value: $319,300 (4.9 times income) Median household income: $64,593 Total population: 1,057 Crescent Beach, FL ©"Stormy Atlantic in Crescent Beach, FL" by scriptingnews is licensed under BY-SA 2.0. - Original / License
Median home value: $512,700 (4.9 times income) Median household income: $104,432 Total population: 936 Sandwich, MA ©"Boardwalk at Sandwich, MA" by Andrewrabbott is licensed under BY-SA 3.0. - Original / License
Median home value: $486,900 (4.9 times income) Median household income: $99,333 Total population: 2,948 Newport East, RI ©"View East Atop the Rose Island Lighthouse Newport (RI) September 2018" by Ron Cogswell is licensed under BY 2.0. - Original / License
Median home value: $444,300 (4.9 times income) Median household income: $90,659 Total population: 11,644 Coinjock, NC ©"U.S. Route 158 Crossing Canal Connecting North River with Currituck Sound (Intracoastal Waterway), Coinjock, North Carolina" by Ken Lund is licensed under BY-SA 2.0. - Original / License
Median home value: $200,600 (4.9 times income) Median household income: $40,938 Total population: 301 Upper Grand Lagoon, FL ©Matt Buikema/Shutterstock.com
Median home value: $316,400 (4.9 times income) Median household income: $64,935 Total population: 17,062 Wabasso Beach, FL ©Sergey and Marina Pyataev/Shutterstock.com
Median home value: $586,000 (4.9 times income) Median household income: $120,673 Total population: 2,101 Anderson Island, WA ©"Ferry 'Ocean City' Abandoned at Anderson Island #2" by Jan Pauw is licensed under BY 2.0. - Original / License
Median home value: $449,000 (4.8 times income) Median household income: $92,933 Total population: 1,621 Manteo, NC ©"My first attempt at star trails. This home can be found adjacent to The Booth Guest House in Manteo, NC. Taken facing South on October 6, 2012 at exactly 10:00 p.m. Photo by Mackenzie Brunson" by Magnate Lab is licensed under BY 2.0. - Original / License
Median home value: $375,900 (4.8 times income) Median household income: $78,074 Total population: 1,808 Panama City Beach, FL ©Rob Hainer/Shutterstock.com
Median home value: $363,900 (4.8 times income) Median household income: $76,091 Total population: 18,281 East Sandwich, MA ©Brett Godfrey/Shutterstock.com
Median home value: $590,000 (4.8 times income) Median household income: $123,571 Total population: 3,787 Matlacha, FL ©Nadezda Murmakova/Shutterstock.com
Median home value: $370,100 (4.8 times income) Median household income: $77,841 Total population: 837 Yarmouth Port, MA ©"File:Yarmouth Port, Yarmouth, MA 02675, USA - panoramio (12).jpg" by bynyalcin is licensed under BY 3.0. - Original / License
Median home value: $486,200 (4.8 times income) Median household income: $102,321 Total population: 5,971 Littlejohn Island, ME ©Marcio Jose Bastos Silva/Shutterstock.com
Median home value: $446,600 (4.7 times income) Median household income: $94,943 Total population: 58 Big Coppitt Key, FL ©Paiboon Chooklin/Shutterstock.com
Median home value: $481,200 (4.7 times income) Median household income: $102,943 Total population: 3,188 Gwynn, VA ©"U.S. Post Office - Gwynn, VA (11938515494)" by Carmen Shields from United States is licensed under BY 2.0. - Original / License
Median home value: $413,600 (4.6 times income) Median household income: $89,009 Total population: 639 Brigantine, NJ ©"Night of the Mega Moon at Brigantine Beach, NJ 3/19/2011" by the bridge is licensed under BY 2.0. - Original / License
Median home value: $423,000 (4.6 times income) Median household income: $91,307 Total population: 7,784 Tierra Verde, FL ©"Tierra Verde, FL, USA Condo For Sale - Gulf View Penthouse w 57' Boat Slip" by International Real Estate Listings is licensed under BY-SA 2.0. - Original / License
Median home value: $666,100 (4.6 times income) Median household income: $143,913 Total population: 4,072 Pine Island Center, FL ©"Pine Island Beach, FL" by Garoutte0726 is licensed under BY 2.0. - Original / License
Median home value: $252,800 (4.5 times income) Median household income: $55,565 Total population: 1,626 Galveston, TX ©"Gulf of Mexico - Galveston, TX" by Robert Stinnett is licensed under BY 2.0. - Original / License
Median home value: $258,300 (4.5 times income) Median household income: $57,453 Total population: 53,265 St. Simons, GA ©CE Photography/Shutterstock.com
Median home value: $445,500 (4.5 times income) Median household income: $99,432 Total population: 15,983 Laguna Beach, FL ©"Greetings from Laguna Beach, Florida, Near Panama City, Florida - Large Letter Postcard" by Shook Photos is licensed under BY 2.0. - Original / License
Median home value: $329,500 (4.4 times income) Median household income: $74,911 Total population: 4,194 Lower Grand Lagoon, FL ©gguy44/ via Getty Images
Median home value: $314,200 (4.4 times income) Median household income: $72,083 Total population: 4,733 Pineland, FL ©Alexander Lukatskiy/Shutterstock.com
Median home value: $401,800 (4.3 times income) Median household income: $93,594 Total population: 379 Port Royal, SC ©"Port Royal SC Paris Avenue" by Thomson200 is licensed under CC0 1.0. - Original / License
Median home value: $292,400 (4.2 times income) Median household income: $68,909 Total population: 14,573 South Beach, FL ©Alexander Demyanenko/Shutterstock.com
Median home value: $813,500 (4.2 times income) Median household income: $193,281 Total population: 3,120 Lido Beach, NY ©"Lido Beach" by Michael LoCascio is licensed under BY-SA 3.0. - Original / License
Median home value: $726,100 (4.2 times income) Median household income: $172,857 Total population: 2,615 St. James City, FL ©"My Dream House - St. James City, FL" by LocoMotion Photography is licensed under BY-SA 2.0. - Original / License
Median home value: $251,600 (4.0 times income) Median household income: $62,415 Total population: 3,494 Bokeelia, FL ©"Marine shoreline of Cayo Costa Island (Pine Island Sound, Florida, USA) 2" by James St. John is licensed under BY 2.0. - Original / License
Median home value: $263,400 (3.9 times income) Median household income: $66,691 Total population: 2,230 Shell Point, SC ©photo.ua/Shutterstock.com
Median home value: $236,900 (3.9 times income) Median household income: $60,676 Total population: 2,026 Harkers Island, NC ©"Sunset on the Sound Harkers Island NC 6243" by bobistraveling is licensed under BY 2.0. - Original / License
Median home value: $264,300 (3.9 times income) Median household income: $67,888 Total population: 1,104 Laurel Bay, SC ©"South Carolina regions map" by Peter Fitzgerald is licensed under BY 3.0. - Original / License
Median home value: $215,600 (3.9 times income) Median household income: $55,658 Total population: 5,513 Mashpee Neck, MA ©James Kirkikis/Shutterstock.com
Median home value: $518,600 (3.8 times income) Median household income: $135,536 Total population: 1,270 Buxton, NC ©"Potential UXO in Buxton, NC 10-22-2020" by CapeHatterasNPS is licensed under PDM 1.0. - Original / License
Median home value: $328,600 (3.8 times income) Median household income: $87,344 Total population: 1,477 Akutan, AK ©"Heading 054° to Akutan, AK" by PoweredbyLycoming is licensed under BY-ND 2.0. - Original / License
Median home value: $106,300 (3.7 times income) Median household income: $28,750 Total population: 911 Grandy, NC ©klenger/iStock via Getty Images
Median home value: $260,500 (3.7 times income) Median household income: $70,610 Total population: 2,438 Cousins Island, ME ©Wangkun Jia/Shutterstock.com
Median home value: $603,400 (3.6 times income) Median household income: $168,571 Total population: 504 Wanchese, NC ©"Flying Seagulls" by kppixelshot is licensed under BY 2.0. - Original / License
Median home value: $249,700 (3.5 times income) Median household income: $71,484 Total population: 2,005 Jamaica Beach, TX ©"Homes and duplexes on Galveston Island" by roy.luck is licensed under BY 2.0. - Original / License
Median home value: $300,500 (3.5 times income) Median household income: $86,923 Total population: 1,103 Waves, NC ©Chuck Lawhon/Shutterstock.com
Median home value: $547,800 (3.4 times income) Median household income: $158,860 Total population: 139 Burton, SC ©"South Carolina Sunset" by pfarrell95 is licensed under BY-SA 2.0. - Original / License
Median home value: $189,200 (3.2 times income) Median household income: $58,390 Total population: 7,603 Barataria, LA ©Katherine Welles/Shutterstock.com
Median home value: $167,000 (3.0 times income) Median household income: $55,313 Total population: 772 Harbor Island, SC ©iStock.com/rarrarorro
Median home value: $295,000 (3.0 times income) Median household income: $97,825 Total population: 277 Shishmaref, AK ©Ingo70/Shutterstock.com
Median home value: $118,300 (2.1 times income) Median household income: $56,875 Total population: 568 Daufuskie Island, SC ©Ursula Page/Shutterstock.com
Median home value: $290,400 (2.0 times income) Median household income: $146,349 Total population: 569 Smith Island, MD ©Linda Harms/Shutterstock.com
Median home value: $109,300 (1.3 times income) Median household income: $82,878 Total population: 357 Kaktovik, AK ©"U.S. Coast Guard Cutter Healy in the Beaufort Sea" by NASA Goddard Photo and Video is licensed under BY 2.0. - Original / License
Median home value: $93,000 (1.1 times income) Median household income: $86,458 Total population: 201 The image featured at the top of this post is ©"My Dream House - St. James City, FL" by LocoMotion Photography is licensed under BY-SA 2.0..
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