Tatum, SC is a small town located in the southeastern United States. It is well-known for its friendly residents and welcoming atmosphere. The cost of living in Tatum is low compared to the US average, with 2 bedroom rent about 50% lower than the national rate. Grocery costs are also relatively low in Tatum; the local grocery cost index is 94 compared to 100 nationally.
Tatum is home to numerous local businesses, including Tatum & Co., an automobile dealership; Hensel's Hardware Store, a family-run business since 1941; and Sweetwater Café & Bakery, a popular eatery serving delicious baked goods and Southern comfort food favorites.
Overall, Tatum offers a great quality of life at an affordable cost. With its low rent prices and grocery costs being lower than the US average, it's no wonder why so many people have chosen to make their home in this charming town!
Tatum has an unemployment rate of 8.6%. The US average is 6.0%.
Tatum has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for Tatum
- The Sales Tax Rate for Tatum is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Tatum 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 Tatum
- The average income of a Tatum resident is $15,797 a year. The US average is $28,555 a year.
- The Median household income of a Tatum resident is $29,063 a year. The US average is $69,021 a year.