Mount Carmel, SC is an attractive and affordable place to live. The 2 bedroom rent in Mount Carmel is $800 compared to the US average of $1,430, making it an affordable location for many households. Additionally, the grocery cost index in Mount Carmel is 93 versus 100 in the US, another indicator that living costs are lower than the US average. Local businesses also offer a variety of products and services to meet community needs. Companies such as Johnson Hardware & Supply Co or Everitt Electric Inc provide hardware goods and electrical services respectively to residents of Mount Carmel. There are also other businesses catering to different needs like Marshburn's Florist offering fresh flowers for special occasions and The Corner Café serving delicious local cuisine.
Mount Carmel has an unemployment rate of 6.2%. The US average is 6.0%.
Mount Carmel 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 Mount Carmel
- The Sales Tax Rate for Mount Carmel is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Mount Carmel 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 Mount Carmel
- The average income of a Mount Carmel resident is $12,630 a year. The US average is $28,555 a year.
- The Median household income of a Mount Carmel resident is $36,784 a year. The US average is $69,021 a year.