Clearwater, SC is a great place to live with plenty of opportunities for employment and recreation. Companies such as Clearwater Paper Corporation, Clearwater Manufacturing Co., and Suncoast Credit Union all have locations in the area. The cost of living in Clearwater is significantly lower than the US average. For example, 2 bedroom rent in Clearwater is $870 compared to $1,430 nationwide. Additionally, while the US Grocery Cost Index is 100, Clearwater's index is 94. This makes it an attractive choice for those looking to relocate or retire without having to sacrifice their quality of life.
Clearwater has an unemployment rate of 4.1%. The US average is 6.0%.
Clearwater 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 33.3%, which is lower than the US average of 33.5%.
Tax Rates for Clearwater
- The Sales Tax Rate for Clearwater is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Clearwater 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 Clearwater
- The average income of a Clearwater resident is $19,379 a year. The US average is $28,555 a year.
- The Median household income of a Clearwater resident is $45,508 a year. The US average is $69,021 a year.