Summit, South Carolina is a great place to live and work. The cost of living in Summit is very affordable with two bedroom rent at $900 compared to the US average of $1,430. Additionally, grocery costs are much lower in Summit, with an index of 95 versus 100 in the US. This makes it an ideal location for those who want to save money but still enjoy all that life has to offer. Local companies such as Summit Supply Co., Summitt Country Club, and Summit Gas Station provide wonderful services to their customers and make this city a great place to call home. Come experience the charm of Summit today!
Summit has an unemployment rate of 3.7%. The US average is 6.0%.
Summit 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 Summit
- The Sales Tax Rate for Summit is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Summit 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 Summit
- The average income of a Summit resident is $20,527 a year. The US average is $28,555 a year.
- The Median household income of a Summit resident is $56,250 a year. The US average is $69,021 a year.