Bamberg, SC is a small town in South Carolina with an estimated population of 3,267 people. It's a great place to live for those looking for a laid-back lifestyle. This quaint town has plenty to offer in terms of local businesses such as Burger King, Walmart Supercenter, and McDonald’s. Rent prices are relatively low compared to other states with 2 bedroom rentals at around $750 per month. The grocery cost index is also lower than the national average at 92 versus 100 in the US. In general, Bamberg offers a great cost of living making it an attractive option for those looking to relocate or just want a change of scenery.
Bamberg has an unemployment rate of 8.9%. The US average is 6.0%.
Bamberg has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 18.4%, which is lower than the US average of 33.5%.
Tax Rates for Bamberg
- The Sales Tax Rate for Bamberg is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Bamberg 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 Bamberg
- The average income of a Bamberg resident is $20,403 a year. The US average is $37,638 a year.
- The Median household income of a Bamberg resident is $26,164 a year. The US average is $69,021 a year.