Greenwood, SC is a vibrant city with an affordable cost of living. Rent for a two bedroom apartment in Greenwood is only $950, while the national average is $1,430. Additionally, the Grocery Cost Index in Greenwood is 95 compared to the US average of 100. Residents of Greenwood can enjoy a variety of amenities such as numerous local businesses like Carolina Pawn & Gun, Dunlap's Outdoor Sports, and The Market Place at Grand Harbor Shopping Center. In addition, there are many outdoor activities available to locals such as fishing on Lake Greenwood or hiking trails at Ninety Six National Historic Site.
Greenwood has an unemployment rate of 5.5%. The US average is 6.0%.
Greenwood has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 26.1%, which is lower than the US average of 33.5%.
Tax Rates for Greenwood
- The Sales Tax Rate for Greenwood is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Greenwood 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 Greenwood
- The average income of a Greenwood resident is $16,237 a year. The US average is $28,555 a year.
- The Median household income of a Greenwood resident is $35,378 a year. The US average is $69,021 a year.