Folly Beach, SC is a vibrant beach town located on the southeast coast of South Carolina. It features miles of beautiful beaches and plenty of activities for visitors and locals alike, making it an attractive destination for people looking to relax or have fun. The cost of living in Folly Beach is quite reasonable compared to other coastal cities. Two bedroom rental costs are about $1,370 in Folly Beach versus $1,430 in the US with a Grocery Cost Index of 111 as opposed to 100 nationwide. Local companies that call Folly Beach home include car rental services such as Cruise Car Charleston Airport Rentals and Island Breeze Car Rental, food delivery favorites like Summer's Best Pizza and Mulligan's Beach House Grille, and even dental centers such as East Cooper Smiles Dental Care Center. Overall, Folly Beach is an affordable city with plenty of amenities that makes it especially attractive to its residents.
Folly Beach has an unemployment rate of 4.4%. The US average is 6.0%.
Folly Beach has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 36.9%, which is higher than the US average of 33.5%.
Tax Rates for Folly Beach
- The Sales Tax Rate for Folly Beach is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Folly Beach 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 Folly Beach
- The average income of a Folly Beach resident is $54,142 a year. The US average is $28,555 a year.
- The Median household income of a Folly Beach resident is $76,250 a year. The US average is $69,021 a year.