Columbia, SC is an exciting city with a vibrant culture and numerous business opportunities. This bustling city is home to multiple companies like SCANA Corporation, Colonial Life & Accident Insurance Company, Palmetto Health and BlueCross BlueShield of South Carolina. In terms of cost of living, Columbia stands out from other cities in the US with its 2 bedroom rent being on average $1,210 compared to the US average of $1,430. Similarly, food costs are lower in Columbia compared to the US with a Grocery Cost Index of 96 versus 100 in the US. Overall, Columbia has plenty to offer for long-term residents or short-term visitors alike with its affordable cost of living and abundance of local businesses.
Columbia has an unemployment rate of 5.2%. The US average is 6.0%.
Columbia has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 27.4%, which is lower than the US average of 33.5%.
Tax Rates for Columbia
- The Sales Tax Rate for Columbia is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Columbia 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 Columbia
- The average income of a Columbia resident is $24,723 a year. The US average is $28,555 a year.
- The Median household income of a Columbia resident is $48,791 a year. The US average is $69,021 a year.