Elgin, SC is a small town located in the Midlands of South Carolina, with an estimated population of just over 7,000 people. It is known for its affordability and quality of life. The average two bedroom rent in Elgin is $860 compared to the national average of $1,430. Additionally, living cost index is significantly lower in Elgin than the national rate as well - 95 versus 100.
The town offers many local companies including Matthews & Son Logging, Sanders Automotive Repair, Grant's Convenience Store Market and Wrenn's TV & Appliance Service. They are all highly regarded businesses within the community and provide quality goods and services to the people of Elgin.
Elgin CDP (Lancaster County) has an unemployment rate of 5.2%. The US average is 6.0%.
Elgin CDP (Lancaster County) 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 44.6%, which is higher than the US average of 33.5%.
Tax Rates for Elgin CDP (Lancaster County)
- The Sales Tax Rate for Elgin CDP (Lancaster County) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Elgin CDP (Lancaster County) 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 Elgin CDP (Lancaster County)
- The average income of a Elgin CDP (Lancaster County) resident is $18,321 a year. The US average is $28,555 a year.
- The Median household income of a Elgin CDP (Lancaster County) resident is $55,152 a year. The US average is $69,021 a year.