Lugoff, SC is an attractive area in South Carolina with a vibrant economy and affordable cost of living. The average rent for a 2-bedroom apartment in Lugoff is $920 per month, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Lugoff is 96 versus 100 in the US, making groceries slightly more affordable than they are nationally. As far as local businesses go, some popular companies that are based out of Lugoff include OBXtek Inc., Coasters & Castles Mini Golf LLC., and Allard & Son Septic Tank Service LLC. In conclusion, there are many benefits to living and working in Lugoff compared to other parts of the country due to its low cost of living and booming economy.
Lugoff has an unemployment rate of 4.5%. The US average is 6.0%.
Lugoff has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 28.6%, which is lower than the US average of 33.5%.
Tax Rates for Lugoff
- The Sales Tax Rate for Lugoff is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Lugoff 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 Lugoff
- The average income of a Lugoff resident is $23,896 a year. The US average is $28,555 a year.
- The Median household income of a Lugoff resident is $54,727 a year. The US average is $69,021 a year.