Latta, SC is a small town located in Dillon County with a population of 1,400. This quaint town is known for its numerous family owned businesses and close-knit community. Popular businesses in Latta include the local grocery store, Latta Grocery Store, as well as a variety of restaurants and other retail stores. The cost of living in Latta is relatively lower than the national average with 2 bedroom rent averaging at $780 versus the US rate of $1,430. Moreover, grocery costs are even lower in Latta with an index of 93 compared to 100 nationally. Thus, making Latta an attractive area for those looking for affordable amenities while still enjoying the small town atmosphere.
Latta has an unemployment rate of 6.6%. The US average is 6.0%.
Latta has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Latta
- The Sales Tax Rate for Latta is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Latta 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 Latta
- The average income of a Latta resident is $18,743 a year. The US average is $28,555 a year.
- The Median household income of a Latta resident is $42,328 a year. The US average is $69,021 a year.