Conway, SC is a small city with a population of just over 24,000 people. It is an affordable place to live given that the average rent for a two bedroom apartment or house in Conway is $1,010 compared to the US average of $1,430. The cost of living in this city is also lower than the national average thanks to its 97 Grocery Cost Index compared to 100 for the US overall. There are plenty of local businesses in Conway such as Coastal Carolina University, Planet Fitness, Harris Teeter and Taco Bell. The local economy relies heavily on tourism as well as education and health care services. With its low cost of living and ample job opportunities, Conway provides a great option for those looking for an affordable place to call home.
Conway has an unemployment rate of 6.3%. The US average is 6.0%.
Conway has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 40.5%, which is higher than the US average of 33.5%.
Tax Rates for Conway
- The Sales Tax Rate for Conway is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Conway 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 Conway
- The average income of a Conway resident is $18,215 a year. The US average is $28,555 a year.
- The Median household income of a Conway resident is $44,976 a year. The US average is $69,021 a year.