Vance, SC is a small town located in South Carolina. It offers an affordable cost of living when compared to other areas of the United States, with 2 bedroom rent averaging $800 per month and a grocery cost index of 93. There are many local businesses that contribute to Vance’s vibrant economy, such as Vance Manufacturing Company, which manufactures fabric for apparel and home furnishings, and Vance Logistics Corporation, which provides transportation services. All in all, Vance is a great place to live because it has low living costs despite its size. Despite its small population and size, it offers plenty of opportunity to those who look to settle down here or open their own business. With its friendly community and close-knit atmosphere as well as its affordability, Vance makes for an ideal place to live.
Vance has an unemployment rate of 7.8%. The US average is 6.0%.
Vance has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 20.6%, which is lower than the US average of 33.5%.
Tax Rates for Vance
- The Sales Tax Rate for Vance is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Vance 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 Vance
- The average income of a Vance resident is $8,794 a year. The US average is $28,555 a year.
- The Median household income of a Vance resident is $26,250 a year. The US average is $69,021 a year.