Walterboro, SC is an affordable place to live compared to the US average. The average 2 bedroom rent in Walterboro is significantly cheaper than the national rate at $780 compared to $1,430 respectively. This affordability also carries over to grocery costs with a Grocery Cost Index of 94 versus 100 in the US. Visitors to Walterboro can visit attractions such as the Colleton Museum & Farmers Market and enjoy local companies like B&G Tires and Smith’s Automotive Repair. There are many recreational activities available too, such as fishing along the Edisto River or playing a round of golf at one of several courses located nearby.
Walterboro has an unemployment rate of 5.3%. The US average is 6.0%.
Walterboro has seen the job market decrease by -3.2% over the last year. Future job growth over the next ten years is predicted to be 33.0%, which is lower than the US average of 33.5%.
Tax Rates for Walterboro
- The Sales Tax Rate for Walterboro is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Walterboro 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 Walterboro
- The average income of a Walterboro resident is $23,060 a year. The US average is $37,638 a year.
- The Median household income of a Walterboro resident is $36,806 a year. The US average is $69,021 a year.