Beaufort, SC is a beautiful coastal city with plenty of historic charm. It is known for its quaint downtown area, waterfront views, and great restaurants. The cost of living in Beaufort is quite affordable, with a 2 bedroom rent costing an average of $1,330 compared to the US average of $1,430. The Grocery Cost Index in Beaufort is equivalent to that of the US at 100. In terms of employment opportunities, there are several local businesses including Progressive Bank, First Federal Bank and Trust Company, and Parris Island Federal Credit Union providing banking services. Other major companies located in Beaufort include McDonald's Corporation, Shipyard Brewing Company LLC., Detyens Shipyards Inc., and Davis Flooring Installations LLC. All in all, Beaufort presents an attractive option for those who want to enjoy a high quality of life without having to worry about expensive costs of living.
Beaufort has an unemployment rate of 4.1%. The US average is 6.0%.
Beaufort has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 38.3%, which is higher than the US average of 33.5%.
Tax Rates for Beaufort
- The Sales Tax Rate for Beaufort is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Beaufort is 7.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Beaufort
- The average income of a Beaufort resident is $26,350 a year. The US average is $28,555 a year.
- The Median household income of a Beaufort resident is $53,653 a year. The US average is $69,021 a year.