McCormick, South Carolina is a small town located in McCormick County on the Savannah River. It is home to a great mix of people and businesses. The rent for a two bedroom apartment in the area is significantly lower than the national average at only $840 per month, making it an attractive option for those looking to save money on housing costs. Additionally, the grocery cost index in McCormick is much lower than the national average, providing even more savings potential. There are many local companies that call McCormick home such as McCormick Timber Company, Ruthie’s Barbecue & Family Restaurant, PineByrne Farms, and Whistlin’ Pines Golf Course. All of these businesses provide services that make living in this great town even better.
McCormick has an unemployment rate of 6.2%. The US average is 6.0%.
McCormick has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 28.1%, which is lower than the US average of 33.5%.
Tax Rates for McCormick
- The Sales Tax Rate for McCormick is 8.0%. The US average is 7.3%.
- The Income Tax Rate for McCormick 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 McCormick
- The average income of a McCormick resident is $9,805 a year. The US average is $28,555 a year.
- The Median household income of a McCormick resident is $37,123 a year. The US average is $69,021 a year.