Barnwell, SC is a small town located in Barnwell County, South Carolina. It is a rural community with a population of around 4,000 people. The cost of living in Barnwell is relatively low compared to other parts of the country; 2 bedroom rent stands at only $830 per month and the local grocery cost index stands lower than the US average at 94.
The economy in Barnwell is greatly supported by various industries including agriculture, manufacturing and tourism. The agricultural sector provides employment opportunities for many local residents as well as supplying food for the region. Manufacturing companies such as Phoenix Industries, Inc., Eakins Machining Solutions LLC, and Low Country Nutritional Services and Supplements are also prevalent employers in the area. In addition to this, there are several tourist attractions such as Barnwell State Park which attract visitors from all over the state.
Demographically speaking, Barnwell is overwhelmingly white (79%), with African Americans making up 16% of the population and Hispanics accounting for less than 5%. The median age is 38 years old and more than 20% of residents live below poverty line.
Barnwell has an unemployment rate of 7.5%. The US average is 6.0%.
Barnwell has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.
Tax Rates for Barnwell
- The Sales Tax Rate for Barnwell is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Barnwell 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 Barnwell
- The average income of a Barnwell resident is $14,453 a year. The US average is $28,555 a year.
- The Median household income of a Barnwell resident is $30,298 a year. The US average is $69,021 a year.