Mayo, SC is a small rural town in southern South Carolina. It is well known for its low cost of living and affordability making it perfect for those looking for an inexpensive place to call home. Residents benefit from some of the lowest rent costs in the nation; the average two bedroom rent in Mayo is $850 compared to the US average of $1,430. The grocery cost index in Mayo is 94 versus 100 in the US, also making it one of the most affordable places to live. There are numerous local companies and attractions that draw people to this small town each year. Trails End Barbeque and Southern Delite are two local restaurants that have been serving up delicious meals for decades. For outdoor enthusiasts there are lots of opportunities on Lake Marion or in nearby parks like Santee State Park where visitors can enjoy fishing, boating, hiking, and camping. Mayo also hosts several annual events like the Mayfest Festival which celebrates all things local with food vendors, live music performances, and artisans displaying their handmade crafts.
Mayo has an unemployment rate of 4.7%. The US average is 6.0%.
Mayo has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 39.9%, which is higher than the US average of 33.5%.
Tax Rates for Mayo
- The Sales Tax Rate for Mayo is -214,682,627,300.0%. The US average is 7.3%.
- The Income Tax Rate for Mayo 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 Mayo
- The average income of a Mayo resident is $31,226 a year. The US average is $37,638 a year.
- The Median household income of a Mayo resident is $55,347 a year. The US average is $69,021 a year.