Swansea, SC is a small town located in Lexington County. It is known for its rich history, beautiful scenery, and proximity to larger metropolitan areas. The cost of living in Swansea is quite affordable with the 2 bedroom rent being only $880 compared to the US average of $1,430. Grocery costs are also lower with an index of 94 compared to 100 in the US. \nThe economy of Swansea is primarily based on agriculture and light industry. Local companies include Swift Creek Farms, Sheridan's Custom Masonry, J&M Transmission Services Inc., Horizon Construction Group, and Family Veterinary Care Center. With its low cost of living and investment potential, Swansea is a great place to live for those who value small-town life without sacrificing amenities.
Swansea has an unemployment rate of 3.7%. The US average is 6.0%.
Swansea 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 Swansea
- The Sales Tax Rate for Swansea is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Swansea 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 Swansea
- The average income of a Swansea resident is $20,793 a year. The US average is $28,555 a year.
- The Median household income of a Swansea resident is $38,688 a year. The US average is $69,021 a year.