Alcolu, SC is a small town in South Carolina located about 30 miles away from the city of Florence. It is known for its local businesses, such as Alcolu Bait and Tackle, where locals can find fishing equipment and supplies, as well as Millers Grocery Store which offers fresh produce at an affordable price. The cost of living in Alcolu is relatively low compared to other areas in South Carolina; the average 2-bedroom rent is $810 while the US average for this type of rental is over double that amount. Furthermore, the Grocery Cost Index in Alcolu stands at 94 versus 100 nationally. For those looking to get outdoors, there are plenty of activities nearby such as Clarendon County Recreation Park and Lake Marion Regional Park where visitors can enjoy fishing, boating and kayaking.
Alcolu has an unemployment rate of 5.9%. The US average is 6.0%.
Alcolu has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 18.5%, which is lower than the US average of 33.5%.
Tax Rates for Alcolu
- The Sales Tax Rate for Alcolu is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Alcolu 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 Alcolu
- The average income of a Alcolu resident is $12,843 a year. The US average is $28,555 a year.
- The Median household income of a Alcolu resident is $30,536 a year. The US average is $69,021 a year.