Ridge Spring, SC is a small quaint rural town located in South Carolina. The cost of living is lower than the US average, with two bedroom rent costing only $920 compared to the national 2 bedroom rent cost of $1,430. Additionally, grocery costs are also lower in Ridge Spring with an index of 93 versus 100 in the US. This makes it an ideal place for those looking for a cost efficient place to live. There are plenty of local companies to choose from such as the Ridge Spring Mercantile Store, which specializes in antiques and vintage goods; Maybank’s Restaurant which offers some of the best locally sourced breakfast and lunch options; 4 Corners Hardware store for all your DIY needs; and Bowers Plant Farm for those looking to add a bit of greenery to their home or garden.
Ridge Spring has an unemployment rate of 3.9%. The US average is 6.0%.
Ridge Spring has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Ridge Spring
- The Sales Tax Rate for Ridge Spring is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Ridge Spring 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 Ridge Spring
- The average income of a Ridge Spring resident is $15,092 a year. The US average is $28,555 a year.
- The Median household income of a Ridge Spring resident is $35,875 a year. The US average is $69,021 a year.