Fort Mill, SC is a small town located in York County, South Carolina with a population of approximately 22,000 people. This quaint town is only minutes away from Charlotte, North Carolina and offers its citizens plenty of opportunities for recreation and entertainment. The cost of living in Fort Mill is very affordable with the median 2 bedroom rent for $1,370 as compared to the US median rent of $1,430. Additionally, the grocery cost index in Fort Mill is slightly lower than the national average at 99 versus 100 in the US. There are numerous local businesses that keep the city thriving such as Schieveling Plantation Bed & Breakfast, Drs Gregory & Boseman PA, Carolinas Healthcare System-Pineville, and Realty ONE Group Legacy. These businesses bring much needed jobs to the community as well as revenue which help keep taxes relatively low. Despite being close to Charlotte, Fort Mill has managed to hold onto its small-town charm and remain distinct from other larger cities in terms of cost of living expenses.
Fort Mill has an unemployment rate of 4.5%. The US average is 6.0%.
Fort Mill 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 42.3%, which is higher than the US average of 33.5%.
Tax Rates for Fort Mill
- The Sales Tax Rate for Fort Mill is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Fort Mill 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 Fort Mill
- The average income of a Fort Mill resident is $32,066 a year. The US average is $28,555 a year.
- The Median household income of a Fort Mill resident is $120,665 a year. The US average is $69,021 a year.