Monarch Mill, SC is a great place to live due to its cost of living. 2 bedroom rent here is much lower than the nationwide average at $700 compared to $1,430 in the US. Additionally, the grocery cost index in Monarch Mill, SC is much lower than the national average at 93 compared to 100 in the US. This makes it cheaper for locals to shop at places such as Piggly Wiggly and Publix Supermarkets which have branches in Monarch Mill. These shops offer competitive prices on food items such as fresh vegetables and fruits, making it easier for locals to purchase groceries without breaking their budget. Furthermore, Monarch Mill has several local businesses that offer services at reasonable rates, including family-owned laundry facilities and small convenience stores. All these businesses help make life in Monarch Mill more affordable for its residents.
Monarch Mill has an unemployment rate of 7.5%. The US average is 6.0%.
Monarch Mill 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 34.3%, which is higher than the US average of 33.5%.
Tax Rates for Monarch Mill
- The Sales Tax Rate for Monarch Mill is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Monarch Mill 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 Monarch Mill
- The average income of a Monarch Mill resident is $38,716 a year. The US average is $37,638 a year.
- The Median household income of a Monarch Mill resident is $34,418 a year. The US average is $69,021 a year.