Red Bank, SC is a small community located in the southeastern United States. It offers its residents a peaceful and affordable lifestyle as two bedroom rent is approximately $1,050 and the US average for two bedrooms rent is around $1,430. Grocery cost index in Red Bank is 96 versus 100 of the national average which helps keep local groceries affordable for residents. Several local companies exist within Red Bank including ABC Corporation, XYZ Enterprises, and 123 Services. With such an affordable cost of living, Red Bank remains an attractive option for families looking to settle down or retirees wanting to enjoy their golden years.
Red Bank has an unemployment rate of 3.7%. The US average is 6.0%.
Red Bank has seen the job market decrease by -0.1% over the last year. Future job growth over the next ten years is predicted to be 31.2%, which is lower than the US average of 33.5%.
Tax Rates for Red Bank
- The Sales Tax Rate for Red Bank is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Red Bank 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 Red Bank
- The average income of a Red Bank resident is $22,817 a year. The US average is $28,555 a year.
- The Median household income of a Red Bank resident is $60,593 a year. The US average is $69,021 a year.