McCormick, SC County is a great place to live and work. It is located in the heart of South Carolina and boasts a vibrant and diverse economy. The cost of living is low, with 2 bedroom rent for $800 per month and a grocery cost index of 96 compared to the US average at 100. There are many local businesses that contribute to McCormick’s economy such as Southern Comfort BBQ Company, McCormick Towne Center Shopping District, Precision Steel Fabricators Inc., MZM Enterprises Inc., and United Bank & Trust Company. With its warm climate, low cost of living, and excellent local businesses, McCormick County provides an excellent place to live or start a business.
McCormick County has an unemployment rate of 6.2%. The US average is 6.0%.
McCormick County has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 28.1%, which is lower than the US average of 33.5%.
Tax Rates for McCormick County
- The Sales Tax Rate for McCormick County is 8.0%. The US average is 7.3%.
- The Income Tax Rate for McCormick County 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 McCormick County
- The average income of a McCormick County resident is $21,730 a year. The US average is $28,555 a year.
- The Median household income of a McCormick County resident is $53,193 a year. The US average is $69,021 a year.