Laurel Bay, SC is an attractive location for those looking for a more affordable lifestyle. The average two bedroom rent in the area is $1,290 compared to the US average of $1,430, making it a great choice for budget conscious renters. Additionally, the grocery cost index in Laurel Bay is less than the national average at 99 versus 100. There are many local companies including M&K Trucking Co., Marine Corps Recruiting Station and Ithaca Farms that offer quality services and products to the residents of Laurel Bay.
Laurel Bay has an unemployment rate of 4.1%. The US average is 6.0%.
Laurel Bay has seen the job market decrease by -3.1% over the last year. Future job growth over the next ten years is predicted to be 38.3%, which is higher than the US average of 33.5%.
Tax Rates for Laurel Bay
- The Sales Tax Rate for Laurel Bay is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Laurel Bay 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 Laurel Bay
- The average income of a Laurel Bay resident is $21,531 a year. The US average is $37,638 a year.
- The Median household income of a Laurel Bay resident is $46,786 a year. The US average is $69,021 a year.