Cherryvale, SC is a small city located in South Carolina. It is home to many local businesses such as Cherryvale Foods, Cherryvale Hardware Store, and Advanced Automotive Solutions. The cost of living in Cherryvale is lower than average for the US. For instance, the average rent for a two-bedroom apartment in Cherryvale is $990, while it costs around $1,430 nationwide. Likewise, grocery costs are also lower with an index of 95 compared to 100 in the US. Overall, living in Cherryvale can be a more affordable option for those looking to live on a budget.
Cherryvale has an unemployment rate of 5.5%. The US average is 6.0%.
Cherryvale has seen the job market decrease by -3.2% over the last year. Future job growth over the next ten years is predicted to be 26.7%, which is lower than the US average of 33.5%.
Tax Rates for Cherryvale
- The Sales Tax Rate for Cherryvale is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Cherryvale 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 Cherryvale
- The average income of a Cherryvale resident is $15,929 a year. The US average is $37,638 a year.
- The Median household income of a Cherryvale resident is $38,333 a year. The US average is $69,021 a year.