Rock Hill, MO is an affordable place to live with the average 2 bedroom rent sitting at $1,090 compared to the national average of $1,430. Additionally, groceries are also known to be more affordable in Rock Hill as the Grocery Cost Index is 101 which is higher than what it is across the United States overall at 100. The area has a lot of local businesses such as Nick's Automotive Repair & Service, Sweet Den Boutique, and Southside Cafe & Bakery that are great parts of their community. Residents of Rock Hill enjoy being able to save money while still having access to a variety of shops and restaurants. As far as cost of living goes, Rock Hill outshines many other areas across the country due to its lower rental prices and low grocery costs.
Rock Hill has an unemployment rate of 4.5%. The US average is 6.0%.
Rock Hill has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Rock Hill
- The Sales Tax Rate for Rock Hill is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Rock Hill is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Rock Hill
- The average income of a Rock Hill resident is $32,956 a year. The US average is $28,555 a year.
- The Median household income of a Rock Hill resident is $78,529 a year. The US average is $69,021 a year.