Sumter, SC is an affordable place to live. The average rent for a two bedroom apartment is $1,030 which is lower than the national average of $1,430. In addition, the Grocery Cost Index in Sumter is 93 compared to 100 in the US. This makes it a great choice for those seeking to save money on their monthly expenses. In terms of local businesses, there are many large companies such as Walmart Neighborhood Market, Publix Super Markets Inc., and Food Lion LLC that offer competitive prices for groceries and other items. Furthermore, there are also other smaller businesses like small restaurants and specialty stores that contribute to the economy of Sumter. All in all, Sumter is a great place to live due to its affordability and variety of local businesses.
Sumter has an unemployment rate of 5.7%. The US average is 6.0%.
Sumter has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 26.2%, which is lower than the US average of 33.5%.
Tax Rates for Sumter
- The Sales Tax Rate for Sumter is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Sumter 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 Sumter
- The average income of a Sumter resident is $22,141 a year. The US average is $28,555 a year.
- The Median household income of a Sumter resident is $43,051 a year. The US average is $69,021 a year.