Laurens, SC County is an affordable area to live in compared to the US as a whole. The average rent for a 2 bedroom in this county is $860 compared to $1,430 in the US. Additionally, grocery cost index for Laurens is 95 versus 100 in the US. This makes the county an attractive place for those on a budget. Local companies include Laurens Electric Cooperative, which provides energy services and solutions for commercial and residential customers. There is also ZF-TRW Automotive Components that specializes in automotive engineering and technology and WebstaurantStore that supplies restaurant products and equipment.
Laurens County has an unemployment rate of 5.1%. The US average is 6.0%.
Laurens County has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Laurens County
- The Sales Tax Rate for Laurens County is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Laurens 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 Laurens County
- The average income of a Laurens County resident is $19,953 a year. The US average is $28,555 a year.
- The Median household income of a Laurens County resident is $46,754 a year. The US average is $69,021 a year.